GOTHENBURG, Sweden, July 8, 2014 /PRNewswire/ --
Fingerprint Cards' (FPC's) new mobile touch sensor FPC1021 has won a new design win (DW). An Asian OEM has selected FPC1021 for a flagship model with a targeted date for mass production start in August 2014.
FPC is proud to announce this DW with an Asian smartphone OEM, which has a planned date for start of mass production in August 2014. FPC has already received an initial ramp order of SEK 5M, for delivery in the first half of July. The OEM wants to remain anonymous until further notice.
Johan Carlström, President and Chief Executive Officer of FPC, comments:
"FPC recently announced its new capacitive touch fingerprint sensor FPC1021, which is 33 % smaller than FPC1020. Yesterday we announced a FPC1021 DW with a Top 5 Chinese OEM. Now it is with great pride that we announce the second DW for the FPC1021 and a related order for the initial ramp of this smartphone. FPC's superior fingerprint technology, image quality and low power consumption have distanced FPC from any competition for sockets in mobile devices such as smartphones and tablets. We expect several more design wins for our touch fingerprint sensors during the coming months."
*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 July 08, 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