Press release September 21, 2017 Fingerprints(TM) takes next step toward high volume production of its smart card sensors - launches new module design T-Shape(TM)
World-leading biometrics company Fingerprint Cards (Fingerprints(TM)) is launching a new module design, called the "T-Shape(TM)". Fingerprints previously announced the launch of its FPC1300 series, a line of ultra-thin fingerprint touch sensors designed specifically to be integrated into smart cards. With the new T-Shape(TM) module design, Fingerprints is taking the next step towards high volume production of its FPC1300 series.
"This is an important launch for us. It's a big step forward toward commercial high volume production of biometric smart cards, focused specifically on contactless payments, an area in which we are best positioned to deliver the low power consumption required", said Thomas Rex, Senior Vice President, Business Line Smart Cards at Fingerprints.
Fingerprints' previous launch of the FPC1300 series made the sensors available to the broader market. Fingerprints is leading the development of contactless smart cards and is ready for high-volume production of its FPC1300 series. The T-Shape(TM) sensor module design is optimized for integration into smart cards following the existing fully automated industry process. It is designed to pass the ISO standards for smart cards, and pre-qualification shows compliance with tough Card Quality Management (CQM) requirements, using the same design as billions of ISO pad production already use today.
"We are on the right track with our smart card engagement, meeting not only the demands of highly price sensitive customers and production processes but also demands from end consumers in terms of security and ease of use", concluded Thomas Rex.
The T-Shape(TM) module is distributed on an industry standard delivery format, making it easy to integrate using existing infrastructure and machinery. This results in a lower total card cost. The module has a small footprint and is ultra-thin, taking card aesthetics into consideration. It is the most power-efficient module on the market, excelling in contactless power harvesting, which is the fundamental criteria for a functioning biometric contactless card.
The first T-Shape(TM) module is already being offered in the form of samples shared with partners and will be available for supply in commercial volumes at the end of this year, following extensive development and collaboration with Fingerprints' smart card industry partners.
For more information, please contact: Thomas Rex, Senior Vice President, Business Line Smart Cards at Fingerprints. 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 (publ)
Fingerprint Cards AB, Fingerprints, with its roots in Sweden, 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. The value of biometrics is proven daily by users of millions of devices, through billions of touches, each of which is their own key - put simply, access 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, yielding 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, areas in which 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, also called IoT. The Fingerprints share is listed on Nasdaq Stockholm (FING B). The company has demonstrated strong growth and sales in 2016 totaled SEK 6,638 M, with an operating margin of 39 percent. While most of the more than 500 employees work in Sweden, Fingerprints has offices worldwide, from Shanghai to Silicon Valley.
The information was submitted for publication, through the contact person set out above, on September 21, 2017 at 08:00 CEST.
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