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Press release published at The Swedish Wire
Fingerprint Cards (FPC) has earlier announced multiple smartphone DWs in China as well as other Asian countries. This new Design Win is for an Android smartphone model with a Chinese Tier 2 smartphone brand which in 2012 sold +10 million smartphones. The smartphone is scheduled to be launched in the end of 2013. Due to the prevailing competitive situation, the mobile phone manufacturer wants to remain anonymous until further notice.
Johan Carlström, President and Chief Executive Officer of FPC, comments:
"China is now the world's by far largest market for smartphones, with a forecasted sales volume of +440 million units in 2013. Chinese brands already account for a market share of more than 50% in the domestic market. We are delighted to announce this new smartphone design win from a Tier 2 Chinese smartphone brand in this most vital market. Due to our world-leading capacitive fingerprint technology, image quality and superior power consumption, FPC is now established as the leading alternative for fingerprint sensors in smartphones and tablets. We expect several additional design wins in China and other parts of Asia in 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).
For more information contact:
Johan Carlström, CEO Fingerprint Cards AB (publ), +46 (0) 31-60 78 20, firstname.lastname@example.org
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 August 27 at 12.00 a.m.
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.
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