Precise Biometrics Launches Next Generation of Mobile Security - Year-end report 2011

Precise Biometrics Launches Next Generation of Mobile Security - Year-end report
2011

Precise Biometrics AB (publ), Corporate Identity No. 556545-6596
Year-end report for the period January – December 2011


  · The group’s net sales for the financial year was SEK 21.6 million (44.9) and
for the fourth quarter SEK 4.8 million (6.3).

  · The group’s result for the year was SEK-33.2 million (-14.6) and for the
fourth quarter SEK -9.2 million (-4.4)

  · Earning per share for the year amounted to SEK -0.20 (-0.11) and for the
fourth quarter SEK -0.05 (-0.03).

  · Available cash at the end of the financial year was SEK 28.9 million (24.5).

Important events during the year

  · Precise Biometrics was top ranked in the MINEX II test, the most important
US government test for standardized Match-on-Card. This has further strengthened
Precise Biometrics position on the important US federal government market.

  · Precise Match-on-Card™ was selected for Nigerian National ID Card. The card
will function both as national ID and as a bank card. In expected value, this
national ID project is the largest so far won by Precise Biometrics.

  · Precise Biometrics has signed several strategically important partnerships
during the year. Giesecke & Devrient will provide Precise Match‐on‐Card™
technology for use on their smartcards. GD Burti is signed as an exclusive
distributor of fingerprint & smartcard readers in Brazil. NXP will provide
Precise Biometrics’ Match-on-Card technology on their chips used on smart ID
cards.

  · Precise Biometrics released a new family of fingerprint readers, Precise
Sense™, targeted for volume sales towards the banking and enterprise segments.

  · Precise Biometrics launched a new software product, Precise BioMatch™
Embedded, which enables hardware companies to quickly integrate fingerprint
verification in their products.

  · The company continued to build and strengthen the organization with primary
focus on the recruitment of marketing and sales expertise to our largest market
in the US.

  · Precise Biometrics’ completed a rights issue, with preferential rights,
which supplied the Company with SEK 48.6 million after related costs. The rights
issue was subscribed to 119% and was carried out as a part of the company’s
strategic plan – Plan 2015.

Important events after the end of the year

  · Precise Biometrics launches a smart casing with a built-in smart card reader
and fingerprint sensor. The smart casing will be available for the most popular
smart phone and tablet computer brands in 2012 and 2013.

Point of contact
Thomas Marschall, President and CEO, Precise Biometrics AB
Tel. 46 46 31 11 10 or 46 734 35 11 10
E-mail thomas.marschall@precisebiometrics.com
Patrik Norberg, CFO, Precise Biometrics AB
Tel. 46 46 31 11 47 or 46 734 35 11 47
E-mail patrik.norberg@precisebiometrics.com