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Precise Biometrics — Regulatory Filings 2013
Oct 7, 2013
3189_rns_2013-10-07_dc2acb9f-02b5-42dd-9406-cc0c1873983c.pdf
Regulatory Filings
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First smart phone with Precise Biometrics' technology
Precise Biometrics' algorithm is now integrated in a smart phone as the result of the partnership with Fingerprint Cards (FPC).
The first smart phone that integrates a FPC sensor with Precise Biometrics Algorithm Precise BioMatch™ Mobile has been introduced on the Asian market. This release is the first of its kind since Precise Biometrics announced in August 2013 that they had entered in an agreement with FPC, a manufacturer of fingerprint sensors.
"We are now seeing the result of our partnership with FPC and we are very pleased that our world-leading technology has been introduced into the smart phone market. It is exciting that it will be available in Asia, which is where the majority of mobile phone manufacturers expected to integrate fingerprint sensors are located," says Patrik Lindeberg, COO at Precise Biometrics.
Precise BioMatch™ Mobile is based on the same algorithm that was top ranked in MINEX and Ongoing MINEX, tests conducted by the U.S. NIST (National Institute of Standards and Technology).
Precise BioMatch™ Mobile is optimized for smart phones and tablets with integrated fingerprint sensors. In addition to biometric performance, speed and footprint advantages it also provides efficient handling of rotated fingerprints. This is a crucial feature for the user experience in a mobile environment, and a major advantage over competitive products.
Due to confidentiality, Precise Biometrics cannot communicate the name of the mobile manufacturer.
Precise Biometrics AB (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 08:00 am on October 7, 2013.
FOR FURTHER INFORMATION, PLEASE CONTACT
Thomas Marschall, President and CEO, Precise Biometrics AB Telephone; +46 46 31 11 00 or +46 734 35 11 00, E-mail; [email protected]
Patrik Norberg, CFO, Precise Biometrics AB Telephone; +46 46 31 11 47 or +46 734 35 11 47, E-mail; [email protected]
Precise Biometrics is a market-leading provider of solutions for fingerprint recognition to prove people's identities. With top-of-the-line expertise in fingerprint verification, Precise Biometrics offers fast, accurate and secure authentication of a person.
The technology adds value to ID, enterprise and bank cards as well as access to mobile solutions (smart phones and tablets), computers and networks. Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 160 million users.