20 November 2008
The total value for Precise Biometrics has the potential to reach approximately USD 3 Million (SEK 24 Million) over a four-year period, based on the current deployment plan. The first phase of the project is invoiced during the fourth quarter. The order value for this phase and information about the country can for business reasons not be communicated at this point.
The project aims to equip all ID cards in the country with Precise Match-on-Card(TM) for secure verification of the cardholder. This is the fifth country to choose Precise Match-on-Card(TM). Countries that already use the technology are Thailand, Qatar, Bahrain and Portugal.
Precise Match-on-Card(TM) is a technology that enables 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.
Thomas Marschall, Precise Biometrics' CEO is most pleased that Precise Biometrics' technology soon is available in one more national ID card.
"It is very satisfying that Match-on-Card is now starting to become a standard functionality requirement in national ID card programs, which is something we have been working for during many years. And it is of course very pleasing that our technology continues to be the technology of choice in projects where Match-on-Card is specified as a requirement. This is evidence of our leading position as supplier of Match-on-Card for national ID. We look forward to revealing more information about the project when possible.", says Thomas Marschall
Precise Biometrics has approximately 20 million deployed card licenses and over 80 million contracted licenses for its Match-on-Card technology today.
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