Bloomberg News

Fingerprint Cards Climbs on Production Deal: Stockholm Mover

March 27, 2012

Fingerprint Cards AB (FINGB), a Swedish maker of biometric sensors, said it signed a development and production deal with a leading manufacturer of mobile and tablet modules, sending its shares to thier highest level in a month.

Fingerprint Cards said its unnamed partner will integrate the Gothenburg, Sweden-based company’s swipe sensor silicon into its biometric modules targeting volumes of 20 million to 40 million units in 2012 to 2014.

Fingerprint Card’s shares rose as much as 1.65 kronor, or 25 percent, to 8.35 kronor, its highest intra-day gain since Dec. 6, 2011. The shares are down 10.3 percent this year, compared with a decline of 7.4 percent in the OMX Stockholm All- Share Index.

To contact the reporter on this story: Kim McLaughlin in Stockholm at kmclaughlin6@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net


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