Fingerprint Cards gets mobile phone design win in third Asian market
Fingerprint Cards’ swipe sensor technology has won its first mobile phone design win from a mobile phone manufacturer in a third Asian market.
This particular design win is for a smarphone on a Qualcomm platform that is scheduled to be launched in the second half of 2013. The company expects additional phone models featuring FPC’s swipe sensor technology to be launched by the same customer during 2013 and 2014.
“We are delighted to announce this first major DW in this strategically important market,” Johan Carlström, President and Chief Executive Officer of FPC said. “Due to our world-leading capacitive fingerprint technology, image quality and power consumption, FPC is now established as the leading alternative for fingerprint sensors in smartphones and tablets. We expect a number of additional design wins in this country as well as in other parts of Asia during the months ahead.”
This design win is the latest of many for the company. Recently, Fingerprint Cards was chosen by a Chinese mobile phone manufacturer, also for its swipe sensor. https://www.biometricupdate.com/201303/fingerprint-cards-chosen-by-chinese-mobile-phone-manufacturer/
The company has also just announced that it has completed a private placement of 1.6 new class B shares, providing it with US$ 8.5 million (SEK 54.4 million) before transaction costs.
Reported previously in BiometricUpdate,com FPC intended to pursue one or several new issues through this agreement, with a deviation from the then-current shareholders’ preferential rights, equal to a maximum of 3 million class B shares at market price.