SOURCE: Precise Biometrics AB

June 16, 2009 03:00 ET

Precise Biometrics Receives USD 268,000 Order

LUND, SWEDEN--(Marketwire - June 16, 2009) -

Precise Biometrics has received an additional order for hardware worth USD 268,000 (SEK 2.1 million) in a Match-on-Card project for government employees. The order is a new follow-up order from an existing customer in the Middle East and comprises both hardware and Precise Match-on-Card™ licenses.

The delivery consists of Precise 200 MC readers, combined fingerprint and smart card readers that will be used in a current government ID card project together with the Precise Match-on-Card™ technology. The government customer will use the fingerprint readers in further extending their ID card program.

Precise Match-on-Card™ is the process of storing and matching fingerprint information on a smart card to establish the physical presence of an individual. As the fingerprint information does not leave the card, there is no need for a database and the cardholder's integrity is preserved.

The government is an existing customer of Precise Biometrics since 2004, when the company delivered the first volume order of fingerprint readers. Since then, Precise Biometrics has supplied fingerprint readers on a regular basis. In 2008, orders at a value of SEK 5 million to the same customer were communicated.

The solution is again provided together with two partners - a leading global system integrator and a local solution provider. The fingerprint readers from Precise Biometrics will be delivered during the second quarter.

Precise Biometrics holds a strong position in the region being the supplier of Match-on-Card for the national ID card programs in Qatar and Bahrain, as well as for other government and enterprise customers. Thomas Marschall, CEO of Precise Biometrics, comments on the order:

- The Middle East is a very active and interesting region for us. There is a great potential for our products, which time and again is proven by the repeat orders we receive.

Precise Biometrics has more than 20 million deployed card licenses and close to 100 million contracted licenses for its Match-on-Card technology today.

For further information, please contact
Thomas Marschall, CEO, Precise Biometrics AB
Tel: +46 46 31 11 10 or +46 734 35 11 10

Precise Biometrics is a market-leading provider of products and solutions for fingerprint recognition. The technology proves people's identities in a fast and secure way, while it reduces costs related to password management, identity theft and fraud.

Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to more than 80 million users. Precise Biometrics is listed on the NASDAQ OMX Stockholm small cap list (PREC).

For more information, please visit or view the Company presentation.

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