FPC receives $27.96 million touch fingerprint sensor order

May 18, 2015 - 

Fingerprint Cards (FPC) announced it has received an order valued at SEK 230 million (USD$27.96 million) for its touch fingerprint sensors FPC1020, FPC1025, FPC1145, FPC1155 and FPC1035 from an undisclosed module partner.

The deliveries for the fingerprint sensors, which will be used by smartphone manufacturers in Asia, will commence in June and run through the third quarter.

Fingerprint Cards’ communicated order values for the year amount to 740 MSEK to date.

In addition to previously reported revenues for the first quarter 2015 of 140 MSEK and a number of smaller orders amounting to more than 120 MSEK, FPC’s current order value and revenues amount to more than 1,000 MSEK for 2015.

FPC said it expects to see significantly increased revenues during 2015 as a whole. As a result of this, it has updated its previously reported revenue guidance for 2015 from more than 1,000 MSEK to more than 1,500 MSEK.

The firm attributes this increase to the growing interest from the market in integrating touch fingerprint sensors and its strong product portfolio.

“This order applies to all touch fingerprint sensors in our product portfolio, and shows that the market is now really taking off, not only in China but also broader amongst Asian OEMs,” said Jörgen Lantto, acting president and CEO of FPC. “With this order we have now received orders and booked revenues amounting to more than 1,000 MSEK in the aggregate up until and including Q3 2015.

“Based on our leading technology and broad portfolio our assessment is that we will capture a major part of the fast market growth we are now witnessing, and we therefore raise our revenue guidance for 2015 from will exceed 1,000 MSEK to will exceed 1,500 MSEK.”

Previously reported, Fingerprint Cards received an order for its touch fingerprint sensors FPC1025 and FPC1155 from the Taiwanese integrated circuits distributor World Peace Industrial Group (WPI), part of WPG Holdings.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.