Fingerprint Cards appoints financial advisor, announces exercise of warrants

May 7, 2013 - 

Fingerprint Cards (FPC) has announced the appointment of its new financial advisor: Piper Jaffray, with the aim of assisting the company to evaluate various strategic and financing opportunities.

“Over the last six months, I have got to know the San Francisco-based technology team of Piper Jaffray quite well, and I believe they are second to none in terms of professionalism, industry knowledge and as financial advisors,” CEO Johan Carlström said. “I feel very comfortable in working with Piper Jaffray towards our goal of becoming the globally leading biometric partner to the mobile device industry.”

At the same time, the company has also announced that an exercise of warrants has been registered and has resulted in the company’s share capital rising by US$8079 (SEK 52,700), for a total of US$1.6 million (SEK 10,300,505).

According to the company, the exercise price for the share was US$2.41 (SEK 15.74), which means that US$635,855 (SEK 4,147,490) was contributed.

Reported previously in BiometricUpdate.com, FPC has announced some significant business milestones over the past few months. Most recently, the company announced its latest design win — for its FPC 1080A swipe sensor and it’s from a Chinese Tier 2 smartphone brand, which supplies products in China and India.

FPC has been growing rapidly since last year. Reported previously, Fingerprint Cards has been receiving a large amount of orders and design-wins as of late.  As we’ve noted in BiometricUpdate.com, Fingerprint Cards has announced several design-wins in China and Japan, as well as a third Asian country in the last 6 months.

The company has also recently joined the growing FIDO Alliance, a non-profit industry consortium organized to address market needs and requirements for online authentication.

 

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About Adam Vrankulj

Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj