On February 1, 2017, Fingerprint Cards AB (FingerprintsTM) announced that the company was acquiring the California-based company Delta ID and that the acquisition was subject to regulatory approvals. Fingerprints has today finalized the acquisition of Delta ID. Through the acquisition, biometric security solutions within iris recognition technology are included in Fingerprints' product portfolio.
The acquisition creates significant synergies and Fingerprints will be able to offer the market multi-modal solutions combining world-leading iris recognition with fingerprint sensors.
"We are very pleased to have finalized the acquisition and that Delta ID will now become part of Fingerprints. This consolidates our leading position in the biometrics market and I am looking forward to taking the next step in the development of new exciting solutions for our customers and together making biometric authentication safer and more convenient for users," says Christian Fredrikson, CEO of Fingerprints.
For further information regarding the acquisition, please see the earlier press release.
For media and analysts
A webcast and telephone conference followed by a Q&A session will be held on Thursday, June 8th at 13:30 CEST. Christian Fredrikson, CEO, Jan Johannesson, SVP Strategy & Corporate Development, Pontus Jägemalm, CTO, and Hassan Tabrizi, CFO are participating in the conference. Welcome! Dial in on +44 (0) 1452 555566 (international participants) or on 08-503 364 34 (Swedish participants). State conference ID 36674404 when you dial in. The webcast will be reached through https://engage.vevent.com/rt/fingerprints/index.jsp?seid=100
For more information, contact:
Investor Relations Fingerprint Cards AB: +46(0)10-172 00 10, investrel@fingerprints.com
Press Center Fingerprint Cards AB: +46(0)10-172 00 20, press@fingerprints.com
About Fingerprint Cards AB (publ)
Fingerprint Cards AB, Fingerprints, with its Swedish roots, is the leading global biometrics company, whose mission is to spearhead the development of biometric interaction that facilitates the convenience and integrity of the individual. Its value is proven daily by users in millions of devices, through billions of touches, who are their own key - quite simply, with a human touch. Fingerprints develops biometric systems comprising sensors, algorithms, software and packaging technologies. The success is based on product development at the cutting edge of technology, which results in world-leading products in terms of security, convenience and performance. The current product range consists largely of fingerprint sensors and customers are primarily manufacturers of smartphones and tablets, where the company is market leading. As the use of biometric solutions increases, Fingerprints is working to broaden its offering by using different biometric techniques, or modalities, and to identify other market segments where the solutions can be used, such as smart cards, PCs, automotive and online devices (IoT). The Fingerprints share is listed on Nasdaq Stockholm (FING B). The company has shown strong growth and sales totaled SEK 6,638 M in 2016, with an operating margin of 39 percent. Most of the more than 400 employees work in Sweden, but the company has offices worldwide, from Shanghai to Silicon Valley.
This is information that Fingerprint Cards AB is obliged to make public pursuant to the Swedish Securities Market Act and/or the Swedish Financial Trading Act. The information was submitted for publication, through the contact person set out above, on June 7, at 16.30 CEST.
Important information
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. Recipients of this press release are responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.
