Precise Biometrics — Regulatory Filings 2013

Aug 23, 2013

Precise Biometrics Launches Fingerprint Algorithm for Android Devices

Precise Biometrics AB has launched a new software product designed and optimized for embedding fingerprint verification on smartphones and tablets. Precise BioMatch™ Mobile supports Android, and in the future will also support other mobile operating systems. The new product will be offered to mobile device manufacturers and component providers worldwide. Fingerprint Cards, manufacturer of fingerprint sensors for mobile devices, have already licensed the product.

Precise BioMatch Mobile is a high performance product based on the top ranked algorithms in NIST's Ongoing MINEX and MINEX II evaluations. Precise BioMatch Mobile works with all major sensors in the market, both swipe and area sensors, and has been enhanced for mobile usage to allow for handset specific performance optimization beyond the recorded MINEX test performance.

Thomas Marschall, CEO at Precise Biometrics said, "This product completes our offering to the mobile market. Based on the expectation that fingerprint sensors will become a standard component on smart devices over the next 3 years, we offer a very competitive product with high performance, offering a better user experience to more people - the key to success within this business. We consider the fact that Fingerprint Cards chooses to integrate our technology with their sensors as a confirmation of the high potential in the segment for mobile embedded fingerprint technology. Together with our existing products such as Tactivo and our mobile development toolkits, we are now able to offer a complete range of products that address mobile security issues on all types of devices for a very broad range of requirements."

Read about the agreement with Fingerprint Cards here

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 8.00 am on August 23, 2013.

FOR FURTHER INFORMATION, PLEASE CONTACT

Thomas Marschall, President and CEO, Precise Biometrics AB Telephone; +46 46 31 11 10 or +46 734 35 11 10, E-mail; thomas.marschall@precisebiometrics.com

Patrik Norberg, CFO, Precise Biometrics AB Telephone; +46 46 31 11 47 or +46 734 35 11 47, E-mail; patrik.norberg@precisebiometrics.com

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.