Fingerprint Cards Receives Touch Fingerprint Sensor Order of SEK 230 Million and Raises Revenue Guidance for 2015

May 18, 2015, 02:52 ET from Fingerprint Cards

GOTHENBURG, Sweden, May 18, 2015 /PRNewswire/ --

Fingerprint Cards (FPC) has received an order for its touch fingerprint sensors FPC1020, FPC1025, FPC1145, FPC1155 and FPC1035 from one if its module partners. Deliveries are planned to take place from June until and including Q3 2015 and the sensors will be used by smartphone manufacturers in Asia. Communicated order values for 2015 hereby amount to 740 MSEK to date. In addition to previously reported revenues for Q1 2015 of 140 MSEK and a number of smaller orders not separately communicated amounting to more than 120 MSEK, current order value and revenues amount to more than 1,000 MSEK for 2015.

Since FPC foresees sequential significantly increased revenues during the full year 2015, the revenue guidance for 2015 is increased from the previously communicated guidance that revenues for 2015 will exceed 1,000 MSEK to an updated guidance that revenues for 2015 will exceed 1,500 MSEK. The reason for this is the growing interest from the market in integrating touch fingerprint sensors and the company's strong product portfolio.

Jörgen Lantto, acting President and Chief Executive Officer of FPC, comments: "This order applies to all touch fingerprint sensors in our product portfolio, and shows that the market is now really taking off, not only in China but also broader amongst Asian OEMs. With this order we have now received orders and booked revenues amounting to more than 1,000 MSEK in the aggregate up until and including Q3 2015. Based on our leading technology and broad portfolio our assessment is that we will capture a major part of the fast market growth we are now witnessing, and we therefore raise our revenue guidance for 2015 from will exceed 1,000 MSEK to will exceed 1,500 MSEK."

About Fingerprint Cards AB (publ) 

Fingerprint Cards AB (FPC) develops, produces and markets biometric components 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. 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 Securities Market Act (2007:528) and/or the Financial Instruments Trading Act (1991:980). The information was issued for publication on May 18, 2015 at 8:00 a.m. (CET)

IMPORTANT INFORMATION 

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 invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.

For more information contact: Jörgen Lantto, Acting CEO of Fingerprint Cards AB (publ), +46-31-60-78-20, investrel@fingerprints.com


SOURCE Fingerprint Cards