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Precise Biometrics, Fingerprint Cards enter licensing agreement

 

Precise Biometrics and Fingerprint Cards have entered into an agreement under which FPC will license Precise Biometrics’ fingerprint algorithm into its sensors.

Specifically, FPC is set to bundle the algorithm into existing sensors, targeting smartphones and tablets. FPC says the integration is now completed and FPC will begin offering the bundled product to its partners and OEM customers in the third quarter of 2013.

“FPC selected Precise Biometrics as algorithm partner due to impressive performance of their algorithm in combination with our sensors. We strive to offer the best user experience possible for embedded sensors in mobile phones and tablets,” Johan Carlström, CEO of FPC said. “Driven by the largest mobile manufacturers in the world, several hundred million users are, in the next two years, expected to purchase smartphones and tablets with built-in fingerprint sensors. It is of paramount importance to ensure these users a smooth, convenient, and secure user experience, thus the selection of Precise Biometrics as partner in algorithms.”

Reported previously, Fujitsu and Japanese mobile provider DoCoMo have just launched a Disney-branded smartphone featuring a Fingerprint Cards swipe sensor.

“We are very pleased to work closely with Fingerprint Cards,” Thomas Marschall, CEO of Precise Biometrics said. “Our evaluation shows that Fingerprint Card’s sensors have outstanding performance, including image quality, power consumption and footprint. Their position as market leader in the mobile phone and tablet space and their many design wins are also impressive. Forecasts by leading analysts of +1.5 billion smartphones being sold already in 2015, as well as clear signs that major players currently are working to include fingerprint sensors in their upcoming products, boosts our positive view on the market in the coming years. We also expect that widespread deployment of fingerprint sensors will positively impact our opportunities within the Match-on-Card business.”

Also, as Bloomberg reported this morning, Precise Biometrics’ stock jumped to its highest level in almost two months – 18 percent — following the news that FPC would license its algorithms.

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