FPC supports fingerprint capabilities with Google’s Android M preview, sees record high stock prices
Fingerprint Cards (FPC) has supported Google in the development of fingerprint sensor technology as part of the Android M Developer Preview taking place at this week’s Google I/O, while its shares saw record high prices.
At the annual conference, Google previewed its new Android software for smartphones, tablets, watches and TVs, along with new capabilities featured in its Android M release, which will be released later this year.
The new Android M release will offer platform support for fingerprint sensors, enabling app developers to benefit from fingerprint sensors with compatible hardware for secure user verification to eliminate the need for PIN codes or passwords.
As part of the operating system’s release, Google is launching its new Android Pay payment service, which will support fingerprint sensors for in-store and in-app purchases.
FPC is providing prototype devices based on its touch fingerprint sensors, FPC1020 and FPC1025, supporting and collaborating with Google throughout the entire integration cycle of the fingerprint sensor capabilities into Android M.
The prototype devices have also been used for demonstrations of the new fingerprint capabilities in Android M at Google I/O.
“We are currently seeing a rapid deployment of Android devices incorporating touch fingerprint sensors enabled by FPC’s broad portfolio of touch fingerprint sensors,” said Jörgen Lantto, president and CEO of FPC. “By incorporating fingerprint sensor technology in Android M, Google is taking a major step with a more secure and convenient way for user identity verification.
“This will spur further innovation by app developers, improve usability of Android devices and accelerate market growth for fingerprint sensors. We are very pleased to have supported Google in their effort to develop and integrate fingerprint sensor capability in Android M. We commend Google for its vision and drive in taking this innovative step in creating an even stronger Android ecosystem.”
Lantto said Android M will mainly boost the market for fingerprint sensors in 2016 but could potentially make an “impact in the third quarter and the fourth quarter”.
He also reiterated Fingerprint Cards’ previously reported forecast of revenue exceeding 1.5 billion Swedish crowns ($177 million USD) in 2015.
As of 7:24 a.m. GMT Friday, Fingerprint Cards’ shares had increased by 5.1 percent.