Precise Biometrics looks to Brazil to boost profits

With Brazil gearing up to roll out a national ID card, Precise Biometrics hopesits partnership with Giesecke & Devrient (G&D) in Brazil will bolster growth and strengthen performance.

Over the next nine years Brazil will implement its national ID card, but hardware infrastructure is expected to be put in place long before then. The new ID cards will contain a chip that holds an individual’s fingerprints to help ensure security and minimize fraud and theft.

To read these new cards, the country will need to install biometric readers and G&D is expecting strong demand for its biometric card readers.

“We expect a considerable demand for a combined fingerprint/smartcard reader in the Brazilian national ID project,” said Luiz Menezes, the managing director of GD Burti, G&D’s Brazilian subsidiary which has become Brazil’s exclusive distributor of fingerprint/smartcard readers.

Precise Biometrics hopes that its recently launched line of Precise Sense card readers will fulfill the needs for Brazilian National ID card readers. The Precise Sense line of readers is capable of reading both smartcards and fingerprints.

This year Precise Biometrics has struggled with net sales falling more than $3 million for the first nine months of 2011 compared to the same period last year while the company’s net losses increased to over $3 million.