Strong Positioning for Precise Biometrics' Match-on-Card Technology - Interim Report Jan-Sept 2011

Strong Positioning for Precise Biometrics' Match-on-Card Technology -
Interim Report Jan-Sept 2011

Precise Biometrics AB (publ), Corporate Identity No. 556545-6596

Interim Report for the period January - September 2011

  · The group's net sales for the interim period amounted to SEK 16.8
million (38.6) and for the third quarter SEK 7.4 million (12.2)
  · The group's income for the interim period was SEK -24.0 million
(-10.2) and for the third quarter SEK -5.4 million (-5.2). Compared to
previous year the income for the interim period is lower primarily due
to lower sales level impacted by the delayed US government budget
process.
  · Earnings per share for the interim period was SEK -0.15 (-0.08) and
for the third quarter SEK -0.03 (-0.04).
  · Available cash at the end of the interim period amounted to SEK 37.4
million (30.9).

Important events during the quarter

  · Precise Match-on-Card™ was selected for Nigerian National ID Card.
The card will function both as national ID and as a bank card. In
expected value, this national ID project is the largest so far won by
Precise Biometrics.

Important events after end of quarter

  · Precise Biometrics entered into a partnership agreement with
Giesecke & Devrient (G&D) that will provide Precise Match-on-Card™
technology for use on G&D smart-cards.

  · Precise Biometrics appointed GD Burti as exclusive distributor of
their fingerprint & smartcard readers in Brazil.

  · Precise Biometrics™ and NXP Semiconductors entered Partnership. This
enables NXP to provide Precise Biometrics' industry-leading on-card
fingerprint comparison technology on the chips used on smart
identification cards.

Point of contact
Thomas Marschall, President and CEO, Precise Biometrics AB
Tel. 46 46 31 11 10 or 46 734 35 11 10
E-mail
thomas.marschall@precisebiometrics.com (thomas.marschall@precisebiometri
cs.com)
Patrik Norberg, CFO, Precise Biometrics AB
Tel. 46 46 31 11 47 or 46 734 35 11 47
E-mail
patrik.norberg@precisebiometrics.com (patrik.norberg@precisebiometrics.c
om)