BiometricsPrecise Biometrics in SEK12 million Chinese deal

Published 8 July 2008

Swedish fingerprint specialist expands its presence in China with a SEK12 million (about GBP1 million) order

Swedish fingerprint recognition technology developer Precise Biometrics AB has received a SEK12 million order from its Chinese reseller Hardware & Software Technologies Co Ltd. The order covers Precise Biometrics’s fingerprint sensors for use in various biometric solutions. The products will be delivered during the fourth quarter.

Precise Biometrics, headquartered in Lund, Sweden, develops and supplies biometric solutions based on fingerprint recognition technology. The company has some 50 employees and reported net sales of SEK48 million in 2006. Precise Biometrics is listed on the OMX Nordic Exchange in Stockholm.

One British pound (GBP) is worth approximately 11.85 Swedish kronor (SEK).