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Precise Biometrics to provide 2,000 smart card readers to South American insurance firm


Precise Biometrics announced it has received an order of 2,000 Tactivo smart card readers from a South American insurance company in a contract valued at 1.12 million SEK (USD $140,000).

The order comprises of two deliveries that will impact Precise Biometrics’ fourth quarter revenues 2014 with 720.000 SEK (USD $91,194) and first quarter revenues 2015 with 400.000 SEK (USD $50,663).

The undisclosed insurance company will implement Tactivo in its existing mobility solution, enabling identity verification on mobile devices through fingerprint recognition.

Tactivo improves the efficiency of business processes, as well as cuts down the amount of time companies spend on administration duties.

The order includes Tactivo mini for iOS and Android, along with smaller quantities of Tactivo for iPad.

“Tactivo supports a wide range of use cases for secure mobile access,” said Håkan Persson, CEO of Precise Biometrics. “This deal is an excellent example of an innovative implementation of Tactivo to verify people´s identity using the functionality for fingerprint recognition. The solution makes daily work more convenient, while saving time and money for the customer.”

Precise Biometrics attributes the order to its recent focus on providing Tactivo to the enterprise market.

Previously reported, Precise Biometrics received an order of 1,100 Tactivo mobile smart card readers from the Defense Logistics Agency within the US Department of Defense, in a contract valued at 1 million SEK (USD $130,373).

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