Fingerprint Cards gets million-unit order, recruits new VP for sourcing and supply
Fingerprint Cards says it has received a massive order for nearly 1 million of its swipe sensors for the Asian smartphone and tablet market, and has just recruited a new VP or sourcing and supply.
The terms of the deal, set for immediate delivery, have not been disclosed.
“So far we have announced the launch of three mobile phone launches, in Japan, Korea and China,” Johan Carlström, President and CEO of Fingerprint Cards AB said. “This new order targets these phones, but also the additional ten or more phones and tablets we expect to launch during the remainder of 2013.”
Never a dull moment at Fingerprint Cards, the company has also announced the appointment of Jonas Spannel as its new VP, for sourcing and supply. Prior to FPC, Spannel worked with Sony and Sony Ericsson in sourcing positions.
“Fingerprint sensors are very much in demand from the mobile devices industry. It is very exciting to join a company with such a growth opportunity and I am looking forward to contributing to FPC based on my background from managing the supply chain in the consumer electronic industry,” Spannel said.
Just yesterday, FPC announced a major purchase of more than 100 wireless patents covering markets such as the U.S., Europe and Asia. According to the company, these patents are considered “essential” for wireless communication.
Fingerprint Cards also recently issued a preliminary forecast for 2014, amid growing interest in the company following Apple’s iPhone 5S launch as well as imminent meetings with investors and analysts. FPC says it expects sales in the third quarter of 2013 will be in the range of US $4.2 to $5.14 million (SEK 27-33M). In addition, the company says it expects sales to exceed US $77.9 million (SEK 500M) in 2014.