Fingerprint Cards AB

Interim Report January – March 2021 - Seite 2

Biometric payment cards are another very important growth area for Fingerprints and during the quarter, we continued to strengthen our world-leading position in this emerging mass market for biometric solutions. At the end of March, we announced that Fingerprints and Fime had collaborated to achieve compliance with Mastercard’s reference specifications for the most recent generation of Fingerprints’ T-Shape sensor module and software platform for biometric payment cards. This simplifies the approval process for card manufacturers, which will save time and money when they start and scale up biometric card projects.

We have, as previously communicated, a very positive view of the trend in the market for biometric solutions in the years to come. To prepare the company for its next growth phase, we have adapted and optimized the company’s legal structure. Two regional offices were created: one in Shanghai, China and one in Zug, in Switzerland. The Shanghai office will be the center for the Mobile business line, while the office in Zug will be the base for our Payments & Access business line. In addition to this, we are establishing a sales and distribution center in Singapore, with the aim of enhancing the efficiency of inventory and distribution management and thereby creating further global benefits of scale in our distribution operations. I am convinced that these adjustments will benefit Fingerprints through increased flexibility, speed, cost effectiveness, as well as through a sharper focus on our two individual business lines.

Christian Fredrikson, President and CEO

For information, please contact: Christian Fredrikson, CEO Per Sundqvist, CFO Stefan Pettersson, Head of Investor Relations: [phone] [e-mail] Press: [phone] [e-mail] This is the type of information that Fingerprint Cards AB is obligated to disclose pursuant to the EU’s Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on April 20, 2021 at 07:00 a.m. CEST.

About Fingerprints Fingerprint Cards AB (Fingerprints) – the world’s leading biometrics company, with its roots in Sweden. We believe in a secure and seamless universe, where you are the key to everything. Our solutions are found in hundreds of millions of devices and applications, and are used billions of times every day, providing safe and convenient identification and authentication with a human touch. For more information visit our website, read our blog, and follow us on Twitter. Fingerprints is listed on Nasdaq Stockholm (FING B).

 

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• Interim report Q1 2021