August 3, 2016 -
Fingerprint Cards (FPC) announced that new OPPO and Huawei smartphones feature FPC’s touch fingerprint sensors.
The OPPO F1s features touch sensor model FPC1245 and the Huawei Honor Note 8 features FPC1025. The OPPO device also features Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.
FPC estimates its addressable market for fingerprint sensors to reach approximately 600 million units in 2016 and to grow to just over one billion units in 2017. FPC’s addressable market excludes Apple but includes other smartphone manufacturers globally, as well as market segments such as smart cards.
In other company news, Christian Fredrikson took over as CEO from Jörgen Lantto on August 1. As previously announced, the change was made to strengthen the company’s organization in order to execute the firms strategy of adapting fingerprint sensors into new market areas such as smart cards and internet of things.
2015 saw FPC strengthen its market position within fingerprint sensors for smartphones and grow from a small company to one of the 30 largest companies on the Stockholm Stock Exchange.
According to a company statement, this growth created new demands on both the company’s board and management, and was one of the reason behind the board’s decision to appoint a new CEO.