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Fingerprint Cards Secures New Order in China Worth SEK 11 M - Fingerprint Cards’ (FPC) distributor in China, Hardware & Software Technologies Co. Ltd (HST), has placed an additional order worth SEK 11 M
Fingerprint Cards Secures New Order in China Worth SEK 11 M

 

NewswireToday - /newswire/ - Gothenburg, Sweden, 2010/09/17 - Fingerprint Cards’ (FPC) distributor in China, Hardware & Software Technologies Co. Ltd (HST), has placed an additional order worth SEK 11 M.

   
 
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The order relates to FPC’s latest design of fingerprint sensors, the FPC1011F, which will primarily be used in personal identification units for Internet banking. Deliveries are planned to take place during the third and fourth quarters of 2010.

Lars Lundgren Jr, Vice President Marketing and Sales at FPC, says: “After our previous marketing successes with the Chinese banks and their employees, today’s order is a step upwards in the value chain, as we now address the banks’ customers, or online users. This is a new market segment for us and has a huge potential (+ 30 million units per year in China). In partnership with HST, our objective is to continue being the leading supplier in the Chinese banking market.”

Johan Carlström, CEO of FPC, says: “During the past nine months, we have been delivering from our considerable order backlog and we are delighted to once again secure a major order. We have focused on changing the order flow from isolated large orders to being able to present slightly smaller orders far more frequently. Through the establishment of our Asian office in Shanghai, we are now working closer with HST to develop and expand the Chinese market, in both the banking segment and other rapidly growing market segments.”

Fingerprint Cards AB (publ) (FPC) develops biometric technology, which, through analysis and matching of an individual’s unique fingerprint, verifies the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or combined. The competitive advantages offered by FPC’s technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products, such as smart cards and mobile telephones, which impose extremely rigorous demands on these characteristics. FPC’s technology can also be used in IT and Internet products for security and access control. Fingerprint Cards AB (fingerprints.com) is listed on Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden.

Publication pursuant to Swedish legislation: Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and/or the Financial Instruments Trading Act (1991:980).

 
 
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Written by / Agency / Source: Fingerprint Cards AB

 
 

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Fingerprint Cards Secures New Order in China Worth SEK 11 M

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Fingerprint Cards AB |
Publisher Contact: Johan Carlström - Fingerprints.com 
+46(0)31 60 78 20 investrel[.]fingerprints.com
 
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