Precise Biometrics fails to achieve 2011 targets & aims at strategic breakthrough in the mobile market

Thomas Marschall, CEO Precise Biometrics

Precise Biometrics published their 2011 Annual Report this week. Please find a short summary below. For more detailed information please visit precisebiometrics.com

Group’s net sales…

…for the financial year was SEK 21.6 million (44.9)

Group’s income…

…for the financial year amounted to SEK -33.2 million (-14.6).

Earnings per share…
…for the financial year amounted to SEK -0.20 (-0.11).

Liquid assets…
…at the end of the financial year was SEK 28.9 million (24.5).

2011 Highlights

Top ranking of the Company’s Match-on-Card technology…
…in the US government agency test MINEX II. This is the key standard to qualify for US government agency projects and further reinforces the position of the Company in the US government agency market.
Nigeria’s National ID card…
…was won with the partner Interswitch. This is the biggest NID project that Precise Biometrics has participated in so far.

A strategic crucial goal of Plan 2015 was achieved…
… when a new major application and product area for the Company’s technology was created with the Mobile business area.

During the first half 2012 the Company’s first product for the mobile market will be launched, Tactivo™. The launch is expected to be a strategic breakthrough for Precise Biometrics and is of critical importance to achieve the targets set within the framework of Plan 2015.

Tactivo is a product developed to protect information in smartphones and Tablet PCs. Smart card and fingerprint readers in mobile units guarantee a very high level of security to comply with escalating demands for network security and verification.
Important strategic partner agreements…
…signed for Match-on-Card with leading global suppliers of smart cards (G&D) and smart chips (NXP Semiconductors). GD Burti has been appointed exclusive seller of fingerprint and smart card readers in Brazil.

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  1. 3M Cogent Awarded Long Term Contract in Supplying High-Resolution LiveScan … - April 11, 2012

    […] Precise Biometrics published their 2011 Annual Report this week. … Smart card and fingerprint readers in mobile units guarantee a very high level of security to …silicontrust.wordpress.com/…/precise-biometrics-fails-to-achie… […]

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