Precise Biometrics Announces New Mobile Identity Verification Solution to Government Agencies and Corporations

The company’s partner, Intercede has developed the new MyID® CardChecker™ App,
compatible with Precise Biometrics’ Tactivo™ smart card and fingerprint reader
for the iPhone and iPad.  With the MyID CardChecker app and the data encoded in
the device, organizations can check and authenticate a smart card from the
smartphone or tablet without the need for an Internet connection. This provides
an innovative solution ensuring security across an increasingly mobile
workforce.
The Tactivo™smart card and fingerprint reader enables secure authentication,
anytime, anywhere, through the launch and general availability of the new MyID
CardChecker app for Apple iOS. The app, developed by the company’s partner
Intercede, allows government agencies and enterprises to read and display
electronic information from personal identity verification (PIV), PIV-I,
commercial identity verification (CIV) or transportation worker identification
credential (TWIC) smart cards on an iPhone or iPad. Leveraging mobile
technology, Intercede, in partnership with Precise Biometrics and enabled by the
Tactivo reader and Precise iOS Toolkit, has enabled the affordable solution for
corporations and government agencies to verify the identity of their employees,
contractors and visitors anytime and anywhere.

Precise Biometrics’ partnership with Intercede, a recognized leader in the
security software space at the enterprise and government levels, brings
additional opportunities for continued expansion and growth in these key
markets, starting with the launch of the new MyID CardChecker App.

The new MyID CardChecker app is available in the Apple App
Store (http://itunes.apple.com/us/app/cardchecker/id537926210?mt=8) and allows
iPhone and iPad devices equipped with Precise Biometrics’ innovative Tactivo
smart card reader to read and display smart cards, including personal
identification number (PIN) protected content. With the MyID CardChecker app and
the data encoded in the device, organizations can check and authenticate a smart
card from the smartphone or tablet without the need for an Internet connection.

In addition to smart card recognition, the MyID CardChecker app also leverages
Precise Biometrics’ proven expertise in biometric authentication by matching the
fingerprint of the cardholder with what is stored on the card electronically.
This final level of authentication further heightens security by ensuring that
the fingerprint of the person present matches that encoded on the smart card.

“Leveraging Intercede’s long-standing leadership, our joint offering ensures
that government agencies and enterprise across the globe can leverage mobile
devices to enable secure identity verification anytime, anywhere, said Thomas
Marschall, president and chief executive officer of Precise Biometrics.”

“By partnering with Precise Biometrics, and leveraging today’s most cutting-edge
mobile security technologies, we’ve brought to market the industry’s first
solution that addresses the growing need to improve the identity verification
process and suit the needs of an increasingly mobile workforce,” said Richard
Parris, CEO of Intercede. “We are confident that the MyID CardChecker app
represents the first of many continued innovations in the mobile security
industry and we look forward to working closely with Precise Biometrics in the
future.”

Precise Biometrics AB (publ) may be required to disclose the information
provided herein pursuant to the Securities Markets Act. The information was
submitted for publication at 1:00 pm on October 30, 2012.

iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other
countries.
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
Precise Biometrics is a market leading supplier of solutions for fingerprint
recognition that guarantee the identity of people. With the highest level of
competence in fingerprint biometrics, Precise Biometrics offers fast, precise
and secure verification of a person's identity.
This technology can be used for ID, company and bank cards, and for access to
mobile solutions, computers and networks. Precise Biometrics delivers its
solutions to companies and government agencies all over the world, and the
Company's technology is licensed to almost 160 million users.

For further information go to www.precisebiometrics.com

For more information on the MyID CardChecker™ App for Apple iOS, please
visit www.intercede.com/?q=cardchecker (http://cts.businesswire.com/ct/CT?id=sma
r 
tlink&url=http%3A%2F%2Fwww.intercede.com%2F%3Fq%3Dcardchecker&esheet=50442215&la
n 
=en
-US&anchor=www.intercede.com%2F%3Fq%3Dcardchecker&index=4&md5=808becd9708e34d8bf
6 
f017e649d5377)