Fingerprint Cards Receives Touch Fingerprint Sensor Order of SEK 230 Million and Raises Revenue Guidance for 2015

GOTHENBURG, Sweden, May 18, 2015 /PRNewswire/ — Fingerprint Cards (FPC) has received an order for its touch fingerprint sensors FPC1020, FPC1025, FPC1145, FPC1155 and FPC1035 from one if its module partners. Deliveries are planned to take place from June until and including Q3 2015 and the sensors will be used by smartphone manufacturers in Asia. Communicated order values for 2015 hereby amount to 740 MSEK to date. In addition to previously reported revenues for Q1 2015 of 140 MSEK and a number of smaller orders not separately communicated amounting to more than 120 MSEK, current order value and revenues amount to more than 1,000 MSEK for 2015.

Since FPC foresees sequential significantly increased revenues during the full year 2015, the revenue guidance for 2015 is increased from the previously communicated guidance that revenues for 2015 will exceed 1,000 MSEK to an updated guidance that revenues for 2015 will exceed 1,500 MSEK. The reason for this is the growing interest from the market in integrating touch fingerprint sensors and the company’s strong product portfolio.

Jorgen Lantto, acting President and Chief Executive Officer of FPC, comments: “This order applies to all touch fingerprint sensors in our product portfolio, and shows that the market is now really taking off, not only in China but also broader amongst Asian OEMs. With this order we have now received orders and booked revenues amounting to more than 1,000 MSEK in the aggregate up until and including Q3 2015. Based on our leading technology and broad portfolio our assessment is that we will capture a major part of the fast market growth we are now witnessing, and we therefore raise our revenue guidance for 2015 from will exceed 1,000 MSEK to will exceed 1,500 MSEK.”