Due to the strong competitive situation for Precise Biometrics´ customers, sales have not increased in line with the company´s previous projections. Therefore, Precise Biometrics revises its revenue guidance for the full-year 2017 from previous guidance of around SEK 83 million to revenues in the range of SEK 60-70 million. Due to the weaker sales development, the company will show an operating loss, which deviates from the previous guidance that the full-year 2017 would result in an operating profit.
In the run up to Money 20/20 in Las Vegas, Precise Biometrics announces a powerful and efficient upgrade of its market-leading fingerprint solution for smart cards that will lower total product costs, supporting the growth of biometric payment cards.
Fredrik Sjöholm, Senior Sales Director at Precise Biometrics with responsibility for sales and business development of new product areas, has been appointed to the management team.
Precise Biometrics’ new security suite offers industry leading fingerprint matching software with state-of-the-art spoof and liveness detection, as well as standalone anti-spoof products and services. The suite meets a growing demand for secure and trustworthy mobile payments.
Precise Biometrics has concluded an agreement with German IDENTOS GmbH on the takeover of the Mobile Smart Card Solutions business area, which includes the business operation involving smart card readers under the Tactivo™ brand. This entails Precise Biometrics further increasing its focus on the Fingerprint Technology business area and freeing up resources for the development and sales of fingerprint technology.
Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded, has through cooperation with Fingerprint Cards been integrated in MeReals biometric smart card V2 that was launched yesterday in connection with the opening of Pleinair Casino.
Rutger Petersson, Director of Research and Development and member of the management team is leaving Precise Biometrics for a new assignment as Analytics & Insight Manager at Verisure Innovation AB. The search for his successor has been initiated.
At the Annual General Meeting (the “AGM”) of Precise Biometrics, which was held today on Tuesday May 16, Anna Almlöf, Torbjörn Clementz, Torgny Hellström, Matts Lilja, Mats Lindoff and Synnöve Trygg were re-elected Board members. The AGM also resolved on the implementation of an incentive program for the company’s employees.
Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile, has been deployed in a recently launched smartphone from a leading Chinese vendor through cooperation with Silead.