Precise Biometrics gets substantial follow-up order for 200-series readers
Precise Biometrics has just announced another substantial hardware order. This one, worth US $1.47 Million (SEK 9.9 million), is in regards to its 200-series readers.
According to the company, this is a follow-up order from an existing customer in the Middle East and consists of the company’s 200-series readers, combined fingerprint and smartcard readers, to be used in a government ID card project.
“It is very satisfying to see that this customer is so pleased with our products that they keep returning,” CEO Thomas Marschall said. “This order proves that our two business units, IAM and Mobile, both have strong market opportunities for future growth”.
The delivery of the order is split between Q2 and Q3 2013 and adds to an already busy year for the company.
Reported previously, Precise Biometrics recently launched its popular Tactivo mini for Android.
Last month, the company’s fourth-generation Tactivo for iPad was MFi-approved by Apple.
When the company was awarded FIPS 201 certification, its stock jumped as much as 12 percent.