Fingerprint Cards AB announced that it has entered into an exclusive partnership agreement with Egis Technology to enable Egis to start to integrate Fingerprints? Mobile product lines and technology with Egis? existing mobile platform.

This transaction aligns with Fingerprints? aim to establish partnerships with sensor vendors, facilitating monetization opportunities from the company?s expertise and intangible asset portfolio. While this agreement will not have a material financial impact for Fingerprints upfront, it entails great future opportunities for Fingerprints to generate additional revenue in the form of NRE and royalties for development work.

Furthermore, the partnership with Egis will enable a faster, more efficient winding-down of Fingerprints? Mobile business and inventory depletion, as well as providing continued employment opportunities for some of Fingerprints? former Mobile-dedicated staff at Egis.

For Egis, the agreement constitutes a major step in enhancing its mobile technology and fingerprint recognition offerings by leveraging Fingerprints? know-how and leading intellectual property. It will bring in additional technology, products, and human resources to enable Egis to service Fingerprints?

existing Mobile customer base, facilitating a smooth transition and minimizing the business impact of Fingerprints? decision to wind down its Mobile business. In addition, the new technology, products and human resources can also be utilized to service Egis?

existing mobile customer base.