Precise Biometrics shows strong momentum in all business areas

Precise Biometrics shows strong momentum in all business areas

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

Interim Report for the period January - June 2011


  · The group's net sales for the interim period amounted to SEK 9.4
million (26.4) and for the second quarter SEK 5.9 million (7.1).

  · The group's income for the interim period amounted to SEK -18.6
million (-5.1) and for the second quarter SEK -8.9 million (-4.7).

  · Earnings per share for the interim period amounted to SEK -0.13
(-0.04) and for the second quarter SEK -0.06 (-0.04).

  · Available cash at the end of the interim period amounted to SEK 49.6
million (34.8). Available cash includes SEK 48.6 million from the share
issue (after related costs).

Important events during the quarter

  · Precise Biometrics' rights issue, with preferential rights for
Precise Biometrics' shareholders, was oversubscribed. The rights issue
was subscribed to 118.9% and is carried out as a part of the company's
strategic plan - Plan 2015.

  · The company was top ranked in the MINEX II test, the most important
US government test for standardized Match-on-Card. Since new directives
states that all US federal government agencies must implement PIV
(Personal Identification Verification) and as PIV will include
Match-on-Card, Precise Biometrics will be very well positioned on the US
federal government market.

  · Precise Biometrics launched a new software product, Precise
BioMatch™ Embedded, which enables hardware companies to quickly
integrate fingerprint verification in their products.

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)