Fingerprint Cards Secures Chinese Bank Contract at $3 Million

Fingerprint Cards AB's (FPC) Chinese distributor Hardware & Software Technologies (HST), has placed an additional order valued at more than SEK 20 M to expand its market segment Personal identification via internet banking. The order pertains to FPC's area sensor FPC1011F and deliveries will take place during 2011 and into 2012.

The sensors, which are to be integrated into identification units, will be delivered to one of China's largest banks. The bank expands its market into an additional region by supplying units to customers using the bank services via internet as well as to the bank's employees. The decision to launch biometric units in one additional region creates a large market opportunity since only a few regions have started to implement biometric units for their customers.

Johan Carlstrom, CEO of FPC comments: “It is with great satisfaction we see that another Chinese region will implement biometric solutions all the way out to the end customers, which opens great opportunities to reach more regions over the coming years. FPC has jointly with HST since several years invested in strong relations with the leading suppliers within the Chinese banking sector, which is confirmed by today's order. We are currently seeing a strong demand for our solutions from the Chinese banking industry that we expect will continue to grow over the coming years”