SOURCE: Precise Biometrics AB

April 22, 2009 07:03 ET

Precise Biometrics Shows Strong Growth and Stabilized Earnings for the First Quarter 2009

LUND, SWEDEN--(Marketwire - April 22, 2009) -

Precise Biometrics AB (publ), Corporate Identity No. 556545-6596 Interim Report for the period January - March 2009

* The group's net sales for the first quarter amounted to SEK 12.2 million (9.0).

* Losses for the first quarter were SEK -2.6 million (-10.7).

* Losses per share for the first quarter amounted to SEK -0.03 (-0.11).

* Liquid assets at the end of the quarter amounted to SEK 4.4 million (25.5).

* Precise Biometrics awarded 1st prize at the SIMagine competition - a global competition focusing on new innovative solutions for mobile communication and Java cards. The awarded mobile aviation solution is based on Precise Match-on-SIM™ and enables fast-lane service using fingerprint recognition and mobile phones.

Significant events after the quarter

* Precise Biometrics and Gemalto released the innovative solution, Gemalto .NET Bio - a Match-on-Card solution that integrates seamlessly into Microsoft Windows environments. The solution enables organizations to enhance network security and protect online identities by replacing weak, static passwords, with strong authentication.

For further information
Thomas Marschall, President and CEO, Precise Biometrics AB
Tel. +46 (0)46 31 11 10 or +46 (0)734 35 11 10

Patrik Norberg, CFO, Precise Biometrics AB
Tel. +46 46 31 11 47 or +46 734 35 11 47

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.

For more information, please visit or view the Company presentation. Precise Biometrics is listed on the NASDAQ OMX Stockholm small cap list (PREC).

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Complete Interim Report for the Period Jan-March 2009:

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