SecurityWorldMarket

26/07/2006

OKI results in revenue and a strategic alliance for Precise Biometrics

Lund, Sweden

Precise Biometrics AB has ntered 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 cmpletely 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 implementtion 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.


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