Fingerprint Cards announces flagship model smartphone design win, opens Shanghai office
Fingerprint Cards (FPC) has announced yet another significant design win — this time its a flagship model design win for its swipe sensor technology from a Tier 1 smartphone manufacturer in China. In addition, the rapidly-expanding company has opened a regional office in Shanghai.
Fingerprint Cards has been receiving a large amount of orders and design-wins as of late. Reported yesterday, the company announced another smartphone design win from a smartphone manufacturer in China.
As we’ve reported 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
This most recent win, from a Tier 1 smartphone manufacturer is for a Qualcomm-based Android smartphone, scheduled to be launched in the second half on 2013.
“The smartphone market is growing very rapidly and an estimated 860 million units will be sold globally in 2013. We are delighted to announce this new smartphone design win with a Global Top 10 player in this strategically important market segment,” Johan Carlström, President and Chief Executive Officer of FPC said. Due to our world-leading capacitive fingerprint technology, image quality and power consumption, FPC has to date been awarded 100% of all announced smartphone projects and design wins and has clearly established itself as the globally leading alternative for fingerprint sensors in smartphones and tablets. We expect multiple additional global design wins during the current quarter.”
In addition to this design win, FPC has announced it has opened a regional office in Shaghai and has recruited three new employees to the positions of Regional Support Director Asia-Pacific, Regional Support Manager China and Sales Manager China.
“By opening our new regional Head Office in Shanghai and recruiting these three key individuals, FPC strengthens its position in the vital Asian region, above all in the market for Chinese mobile phones and tablets, Carlström said. “The regional Head Office will support China, but also Korea, Japan and Taiwan, by providing expertise in biometric hardware and software. At the same time, our existing market position will be strengthened, since we will also support our existing distributors in the region in their sales efforts from this office.”
In January, upon news of FPC’s opening of its Tokyo office, the company’s share price rose 10% to its highest level in more than five years.
Upon yesterday’s design-win news from a top 3 Chinese smartphone brand, the company’s shares rose as much as 10%, according to a report in Bloomberg.
As of yet, it is unclear what impact today’s announcements will have on the market.
“The stock, which has more than doubled in value so far this year, was trading 4.6 percent higher at 32.2 kronor as of 9:53 a.m. Swedish time, making Fingerprint Cards the third-biggest gainer among the 278 companies on the OMX Stockholm All-Share Index,” the Bloomberg report notes.