SOURCE: Precise Biometrics AB

July 20, 2006 03:15 ET


LUND, SWEDEN -- (MARKET WIRE) -- July 20, 2006 --

--  The Group's net sales for the interim period amounted to SEK 28.9
    million (28.5) and for the second quarter SEK 7.9 million (13.7).
--  The result for the interim period was SEK -18.7 million (-14.1) and
    for the second quarter SEK -16.9 million (-5.6).
--  Losses per share for the interim period were SEK -0.26 (-0.19) and for
    the second quarter -0.23 (-0.08).
--  Liquid capital at the close of the interim period was SEK 23.0 million

Second quarter

--  The company received a significant order from Scandinavian Airlines
    (SAS). A biometric security control system and Precise Biometrics'
    fingerprint readers will be used at baggage check-in at domestic SAS
    flights in Sweden.
--  Precise Biometrics became a founding member of the American HSPD-12
    Interoperability Consortium, initiated by SafeNet. The Consortium will act
    to ensure compliant solutions and education on the US Federal Government's
    HSPD-12 Directive.
--  The company launched a version of Precise Match-on-Card™ that
    complies with the ANSI 378 standard. This US standard provides an important
    condition when US authorities introduce smart card based ID cards.
--  The company, in cooperation with the partner Worldwide Trust, won a
    contract for passports with Precise Match-on-Card™ fingerprint
    biometrics for a European country.

Significant events since the end of the quarter

--  Precise Biometrics entered into a business agreement with Oki Electric
    Co, Ltd, a leading Japanese supplier of electronic and computer technology
    products. The agreement means that Precise Biometrics' technology will be
    incorporated in one of OKI's new lines.
--  The Board has nominated Thomas Marschall to become the new President
    and CEO of the company after Christer Bergman, effective November 1 (see
    separate press release).

For further information, please contact:
Christer Bergman, President & CEO, Precise Biometrics AB.
Telephone +1(0) 703 405 8255, or +46 (0) 730 35 67 26
Precise Biometrics AB (publ.) is an innovative security company that supplies world-leading systems for fingerprint and smart card-based authentication. The company's solutions replace keys, PIN codes and passwords and enhance the integrity of ID cards and passports. With its proprietary Precise Match-on-Card™ technology, the company is a market leader within smart ID cards. Through its subsidiary Fyrplus Teknik, Precise Biometrics can deliver complete biometrics solutions on the Scandinavian market based, for example on fingerprint, iris and facial recognition. The product line includes systems for access control to buildings, computers and networks and for integration into ID cards and passports. The group headquarters are in Lund, Sweden. It also has subsidiaries in London and Washington, DC. The subsidiary Fyrplus Teknik is based in Karlstad and the subsidiary Loqware is based in Gothenburg. Precise Biometrics is listed on the O-list of the Stockholm Stock Exchange (symbol: PREC A). For more information, please visit

The full report including tables can be downloaded from the enclosed link:

Interim Report January - June 2006 --

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