Press release May 31, 2017
Fingerprint Cards strengthens its position through collaboration with new distributor Arrow Electronics
World-leading biometrics company Fingerprint Cards (Fingerprints TM ) announces collaboration with a new distributor: Hongkong-based Arrow Electronics. The collaboration will strengthen Fingerprints' position, and help the company develop additional channels into new markets and application areas.
"Asia is Fingerprints' largest market and to further strengthen our market position in this key market, we are excited to tap into the extensive relations and customer base that Arrow serves within mobile, IOT, security and automotive industries", says Ted Hansson, Senior Vice President, Business Line Mobile, at Fingerprints.
"Arrow will help us developing additional channels into new markets and application areas", concludes Ted Hansson, Senior Vice President, Business Line Mobile, at Fingerprints.
Previously, Fingerprints has collaborations with 15 distributors, of which the majority are based in Asia.
About Arrow Electronics Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Through an extensive network of 70+ sales offices, key distribution centers and local warehousing facilities in 13 countries/territories across Asia-Pacific, Arrow provides specialized services and expertise across the product lifecycle and help customers fuel innovation through distinctive market solutions.
For further information, please contact: Ted Hansson, Senior Vice President Business Line Mobile at Fingerprint Cards Investor Relations, Fingerprint Cards AB (publ) Tel: +46(0)10-172 00 10 E-mail: investrel@fingerprints.com Press office, Fingerprint Cards AB (publ) Tel: +46(0)10-172 00 20 E-mail: press@fingerprints.com
About Fingerprint Cards AB (Fingerprints) 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 May 31, 2017, at 13:30 CEST.
Important information Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.
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