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Precise Biometrics is one of the industry leading companies in new American HSPD-12 consortium



Precise Biometrics AB (publ), develops and sells world leading and user friendly biometric security solutions based on fingerprint and smart cards, is one of the members in, the recently formed HSPD-12 Interoperability Consortium in the US. The Consortium will ensure that US federal agencies' HSPD-12 Directive requirements are met. The Directive means that all US Federal agencies must issue smart ID cards with biometrics to all employees and contractors.

SafeNet Inc. (NASDAQ:SFNT) is the founder of the Consortium and is also an established partner of Precise Biometrics having worked together on several projects for US federal agencies. Besides SafeNet, the HSPD-12 Consortium is made up of seven other industry leading companies including Corestreet Ltd., Entrust, Forum Systems Inc., Intercede, Omnikey, Precise Biometrics Inc., and Probaris Technologies. All companies in the Consortium have great competence within different product areas and are committed to educating and providing an interoperable solution for federal agencies and system integrators.

The Consortium's goal is to meet the US federal agencies' requirement to fulfil the US Federal Government's Homeland Security Presidential Directive (HSPD-12). HSPD-12 was signed on August 27, 2004, in response to the general threat of unauthorized access to physical facilities and logical IT assets. The Directive is a general identification standard for federal employees and contractors. The companies in the Consortium bring a high level of expertise on varied products and share information and resources to minimize the integration challenges. In October 2006 all agencies affected by the HSPD-12 Directive must start issuing smart ID cards with biometrics.

"The idea to create a consortium was born out of a desire to work with other industry leaders. The common goal is to protect the national interests of the United States and assuring compliance with HSPD-12," says Phil Saunders, General Manager of SafeNet's Borderless Security Business Unit. "The Consortium will focus on educating US federal agencies and systems integrators on the mandate and work together to create an interoperable solution and build a testing lab to demonstrate the development of the solution."

"We are very proud to be one of the companies chosen to participate in this Consortium. Together we are confident that the Consortium can create a solution that meet the US federal agencies' requirements on increased security by using smart ID cards and biometrics," says Christer Bergman, CEO and President at Precise Biometrics.


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2006-07-06

License agreement with Oki results in revenue and a strategic alliance for Precise Biometrics



Precise Biometrics AB (publ), that develops and sells world leading and user friendly biometric security solutions based on fingerprint and smart cards has entered into a business agreement with Oki Electric Industry Co. Ltd., a world leading Japanese supplier of silicon and optical products. In order to meet market demands on cost efficient fingerprint technology Oki is in the process of developing and producing a completely new product family in which Precise Biometrics' technology will be included. The agreement means that Precise Biometrics will receive an initial payment and thereafter royalties per sold unit.

The Oki Group is a Japanese world leading company who provides products, technologies and solutions to its customers through its information and telecom system business, semiconductor business and printer business. The company was established in 1881, have a turnover of nearly SEK 42 billion and a profit of approximately SEK 313 million. The company is registered at the Tokyo Stock Exchange.

"We are very proud to present this business relationship with Oki, which is leading the market in its industry and has many large and prestigious companies on its customer list. This further strengthens our position as the leading company in the biometrics industry. Our new business agreement with Oki is in line with our increased focus on license revenue and strategic partnerships," says Christer Bergman, CEO and President of Precise Biometrics.

"We are very happy to cooperate with Precise Biometrics and are convinced that this signify a further step towards the implementation of biometrics as a natural part of IT Security. This also confirms that Oki together with Precise Biometrics will become a leading supplier on the global biometrics market", says Shinya Takahashi, VP of Silicon Solution Company of Oki.

[manunikat]

2006-07-17

Precise Biometrics receives a license order worth about SEK 20 million for biometric passports



Precise Biometrics AB (publ), a Swedish company that develops and sells world leading and user friendly biometric security solutions based on fingerprints and smart cards, has for the first time won a procurement regarding passports with Match-on-Card with fingerprint biometrics. The order was received via the partner Worldwide Trust. The project includes licensing of Precise Match-on-Card(TM) technology that will be integrated in the passports.

Precise Biometrics is a member of the consortium that has won the procurement for biometric passports. The order is worth about SEK 20 million and includes licenses for Precise Match-on-Card(TM) technology for more than 5 million passports. The delivery of licenses started in June and the deployment of passports will start during the second half of 2006 and is anticipated to continue until 2012.

"We have for some time communicated that this type of project is long-term and that it often takes several years before decisions are made, and now we can enjoy the results of our hard work. It is very exciting that, together with Worldwide Trust, be part of the first European country's deployment of passports with Match-on-Card. This order, further show, that our Precise Match-on-Card(TM) technology, fulfill the requirements in large-scale national projects", says Christer Bergman, CEO and President at Precise Biometrics AB.

"We are very happy to have gained the trust to deliver a large passport project. Precise Biometrics' technology complement our products and systems well, and in this procurement the Precise Match-on-Card(TM) technology made a difference", says Stefan Jonsson, CEO at Worldwide Trust.

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Calendar


Interim report, January-June July 20, 2006
Interim report, January-September October 19, 2006

Year-end report, January-December (2006) February 8, 2007


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