Fingerprint Cards and CrucialTec sign three-year supply agreement

Fingerprint Cards (FPC)  and CrucialTec (CT) have signed a three-year supply agreement and amendment to their existing Joint Development & Production Agreement (JDA) for the production of the Biometric Track Pad (BTP).

The BTP product has now been finalized for mass production and is available in many different colors, shapes and forms to address the growing interest from leading mobile phone and tablet suppliers. The BTP will be manufactured at CT’s packaging plants.

Since the two companies signed the JDA in March 2012, CT has integrated the FPC swipe sensor silicon into its BTP and is currently designing it to meet the needs of several leading mobile phone and tablet players. Since the acquisition of FPC’s competitor AuthenTec, the already strong interest in the BTP from suppliers of mobile phone and tablets has increased significantly.

With these recent developments at hand, Fingerprint Cards (FPC) has revised its previous forecast for sales of sensors from 20-40 million units between 2012 and 2014 to at least 30 million units in 2013. Due to this new forecast, the Board has also issued a financial forecast for 2013 to the effect that sales will be in the interval of $US19-28 million, and the EBITDA margin with be 20-35%.

“In October, we received our first design-win (DW) for a mobile phone from a highly respected Japanese mobile phone manufacturer,” Johan Carlström, President and CEO of FPC said. “Our assessment is that we are close to a number of other DWs over the next six months. Last Monday, we also received our first order for area sensors since 2011 and now see a steady recovery in the market. “

As reported previously in BiometricUpdate.com, FPC recently secured an order worth US$2.9 million from a Chinese firm for its FPC1011F3 area sensors.

 

Article Topics

authentication  |  biometrics  |  fingerprint  |  fingerprint biometrics  |  fingerprint recognition  |  fingerprint scanner  |  fingerprint verification  |  identification  |  identity verification  |  verification