FPC provides fingerprint sensor technology to the automotive market
Fingerprint Cards (FPC), a global leading supplier of fingerprint sensor technology, provides its market leading technology to the automotive market. During 2015 FPC has together with other industry leaders developed solutions to enable the use of FPC's touch fingerprint sensor technology for automotive applications.
These solutions have been evaluated by leading global car makers and other companies in the automotive industry, and as a result FPC's touch fingerprint sensor module FPC1025 has been selected for further development and integration into commercial applications for the automotive industry.
FPC estimates that a number of public demonstrations will be conducted embedding FPC's touch fingerprint sensor technology for automotive applications during 2016, and that commercial launches can take place after 2016. FPC does not expect any substantial revenues during 2016 from the automotive industry, and any such revenues are included in the communicated revenue guidance of 6,500-8,500 MSEK for 2016.
Jörgen Lantto, CEO of FPC, comments: "FPC has established a position as the industry leading supplier of fingerprint sensor technology for the smartphone industry. We are now investing in adapting our leading technology for other market segments, such as smart cards as previously communicated, where our ambition is to extend our leadership to these new market segments. Based on today's announcement, we highlight automotive as another market segment where FPC's technology is well suited. We are looking forward to seeing demonstrations of our technology in automotive applications during 2016 together with world-leaders in automotive".
For more information, please contact:
Jörgen Lantto, President and CEO Fingerprint Cards AB (publ), +46-(0)31-60 78 20, investrel@fingerprints.com
Footage http://www.fingerprints.com/corporate/en/media-2/press-kit/
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) is a high tech and listed company which develops, produces and markets biometric technology that through the analysis and matching of an individual's unique fingerprint verify the person's identity. A secure and convenient user experience is thus made possible, beyond keys and pins. The FPC technology offers world class advantages and include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and in combination with low production costs the technology may be implemented in large volume products as smartphones, tablets and biometric cards where these demands are extremely high. FPC's technology have user cases from a number of applications.
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 January 05, 2016, at 8:00 a.m.
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