Precise Biometrics — M&A Activity 2016

Apr 11, 2016

Precise Biometrics wins framework agreement for Tactivo from US Department of Defense

Precise Biometrics, has through a channel partner, been awarded a framework agreement for Tactivo from the Defense Logistics Agency (DLA) within the US Department of Defense. The contract value is a minimum of \$120 000 to a maximum of \$3 100 000 over a base period of one year with another two optional years.

DLA intends to expand its user base of a mobility solution with Tactivo that provides secure email and browsing capabilities on iPhone and iPad. The solution is based on the existing Common Access Card (CAC) infrastructure and adds to the overall usability of the long standing smart card system. The current user base is 5 500 users and DLA anticipates expansion of an additional 13,000 users.

"We are delighted that the Defense Logistics Agency has decided to expand its user base and make a major implementation of Tactivo. The solution makes it possible to take advantage of existing PIV/CAC infrastructure as it is today, and go mobile while ensuring a high level of security, says Håkan Persson, CEO of Precise Biometrics. There are a wide range of mobility solutions with Tactivo available today, and we believe this major implementation will further increase the interest in going mobile with Tactivo".

The first order in the framework agreement has been placed through Precise Biometrics' channel partner and includes Tactivo for iPhone 6 to a value of 850 000 SEK.

Tactivo is a product portfolio of smart card readers for smartphones and tablets. Tactivo enables convenient and secure mobility for organizations using smart cards to log on to IT systems, thereby contributing to a more efficient and better work environment, increased information security and reduced costs in the business. Tactivo supports multiple card standards such as CAC and PIV. For more information about Tactivo, please visit; http://www.precisebiometrics.com/mobile-smart-card-readers

This press release contains information that Precise Biometrics is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 8.00 AM CET on April 11, 2016.

iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. iPad Air and iPad mini are trademarks of Apple Inc.

FOR FURTHER INFORMATION, PLEASE CONTACT

Håkan Persson, CEO, Precise Biometrics AB Telefon; +46 46 31 11 05 or +46 734 35 11 05 E-mail; hakan.persson@precisebiometrics.com

ABOUT PRECISE BIOMETRICS

Precise Biometrics is a market-leading provider of solutions that prove people's identities through smart cards and fingerprint recognition. The company´s products can be used for ID, enterprise and bank cards as well as access to mobile solutions, computers and networks.

LUND APRIL 11, 2016

Precise Biometrics serves business and government organizations throughout the world and its products are licensed to close to 160 million users. Please visit precisebiometrics.com