GOTHENBURG, Sweden, May 5, 2014 /PRNewswire/ --
In December 2013, Fingerprint Cards (FPC) announced the first design win (DW) for its new mobile touch sensor FPC1020 with a Global Tier 1 OEM for a flagship model with a targeted launch date in the summer of 2014. On April 14, FPC announced an initial pre-ramp purchase order worth SEK 4 M for the FPC 1020, for delivery in May 2014. Now, FPC has received the first ramp order of SEK 18 M for the production ramp in May-June 2014. During 2014, FPC expects to ship +3M units for this first flagship device alone.
Johan Carlström, President and Chief Executive Officer of FPC, comments:
"FPC is the leading global supplier of capacitive touch fingerprint sensors and the leading global supplier of fingerprint sensors in mobile phones and tablets. By combining these strengths, FPC has developed the most attractive mobile touch fingerprint sensor on the planet. It is with great pride that we announce a follow-up order for the ramp so soon after the first purchase order for the FPC 1020 related to a smartphone and with a Global Tier 1 player, on track for a timely launch. FPC's superior fingerprint technology, image quality and low power consumption have distanced FPC from any competition for touch sensors in mobile devices such as smartphones and tablets."
*FPC definition of Design Win (DW): The decision by a device vendor (OEM or ODM) to start development of one or several commercial product(s) incorporating FPC's technology into such new product(s).
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) markets, develops and produces biometric components and technologies that through the analysis and matching of an individual's unique fingerprint verify the person's identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the FPC's technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products such as smart cards and mobile phones, where extremely rigorous demands are placed on such characteristics. The company's technology can also be used in IT and Internet security, access control, etc.
Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on May 05, 2014 at 08.00 am CET.
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any of the company's securities in any jurisdiction.
For more information contact:
Johan Carlström, CEO Fingerprint Cards AB (publ), +46(0)31-60-78-20, firstname.lastname@example.org
SOURCE Fingerprint Cards AB