Precise Biometrics Recognized as Key Player in the Biometrics Industry

Precise Biometrics has been recognized with the 2008 Global Frost &
Sullivan Award for Emerging Company of the Year for its high-quality
authentication method, Precise Match-on-Card(TM). The award is based
on recent analysis of the non-AFIS (Automated Fingerprint
Identification System) fingerprint market.

Frost & Sullivan Research Analyst Neelima Sagar means that Precise
Biometrics is a worthy recipient of the Frost & Sullivan award due to
its strong offering to the market.

- Through technical expertise and products that are secure, reliable,
and innovative, Precise Biometrics is established as a key player in
the biometrics market. Strategic alliances and partnerships have
contributed to the company's success.

Precise Match-on-Card(TM) is the process of storing and matching
fingerprint information on a smart card to establish the presence of
an individual. As the fingerprint information does not leave the
card, there is no need for a database and the cardholder's integrity
is preserved. This differs from AFIS (Automated Fingerprint
Identification System), which is the traditional method for
fingerprint solutions based on large databases, used primarily law
enforcement systems.

Each year, Frost & Sullivan presents this award to the company that
has carried out new research, resulting in innovation(s) that bring
significant contributions to its industry. Industry analysts compare
market participants and measure performance through in-depth
interviews, analysis, and extensive secondary research in order to
identify best practices in the industry.

Thomas Marschall, President and CEO at Precise Biometrics comments on
the award, "We are honored to receive this award from a well renowned
and independent analyst firm such as Frost & Sullivan. It is yet an
acknowledgement that the Match-on-Card technology is a biometric
solution extremely well suited for any smart card application. And
Precise Biometrics is the company equipped to deliver it. In this
respect, I would also like to send a thank you to our partners that
are key to our success. "

Frost & Sullivan has over 45 years of experience in market research
and analysis, and more than 30 offices on six continents. Please
visit Frost & Sullivan's website to read their press release.

Precise Biometrics has more than 12 million deployed card licenses
and close to 80 million contracted licenses for its Match-on-Card
technology.

Visit Precise Biometrics at Biometrics 2008 in London on October
22-23.