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Precise Biometrics publishes 2012 Annual Report

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Precise Biometrics has published its 2012 annual report, ahead of its Annual General Meeting, set for later this month.

In the report, net sales for the group amounted to US$4.36 million (SEK 28.3 million) at year end, and profit amounted to US$-7.24 million (SEK -47.0 million) after tax.

Along with the report are comments from CEO Thomas Marschall, in which he suggests 2012 showed positive development in the mobile market, and built a foundation for strong growth in 2013, though Tactivo sales did not meet expectations.

Among the highlights, in 2012, the company launched Tactivo, and landed some significant orders. Reported previously in BiometricUpdate.com, the company recently confirmed Verizon will sell the Tactivo in the U.S..

“We will continue to follow the growth of the iPhone and iPad, and with the aim to present new versions of Tactivo about four to six months after each new release from Apple,” Marschall writes in his comments on the annual report. “In addition, we will release new versions of Tactivo for other operating systems including Android and launch additional applications and new products that support other biometrics.

Sales of our Tactivo did not meet our expectations in 2012, partly due to the lead times to have solutions ready for market. However, we expect that sales, focusing on Tactivo, will increase quarter over quarter and lead to improved sales in 2013.”

Also reported previously in BiometricUpdate.com, the Tactivo will be launched for Android this year.

The company has also announced today that its Nomination Committee has proposed technology veteran Anders Harrysson as a new member of the board. According to the company, Harrysson has held senior position within IBM and Sun Microsystems and was most recently CEO at Birdstep Technology ASA. He is a member of the board at Net Insight AB and OP5 AB.

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