The Chinese brand supplies products in China, as well as overseas markets such as India, and ramp-up is expected during the second half of 2013. Due to the prevailing competitive situation, the mobile phone design house wants to remain anonymous until further notice.
“China is the world’s largest market for smartphones, with forecast sales volume of 430 million units in 2013. Chinese brands already account for a market share exceeding 50%. We opened our first sales and support office in Greater China in September 2012 and we are delighted to already announce our sixth smartphone design win in the most important Greater China market. Due to our world-leading capacitive fingerprint technology, image quality and power consumption, FPC is now established as the leading alternative for fingerprint sensors in smartphones and tablet devices. We expect a number of additional design wins in the booming Greater China market during 2013,” says Johan Carlström, President and CEO of Fingerprint Cards AB.
About Fingerprint Cards AB (publ) (FPC)
Fingerprint Cards AB (fingerprints.com) markets, develops and produces biometric components and technologies that through the analysis and matching of an individual’s unique fingerprint verify the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the 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 phones, where extremely rigorous demands are placed on such characteristics. The company’s technology can also be used in IT and Internet security, access control, etc.
Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on April 30, 2013, at 08:00 am.
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