Precise Biometrics - Delivery of the US Govt Order Will Be Completed in the First Quarter 2010STOCKHOLM -- Precise Biometrics (STO:PREC): A part of the order, which was obtained in July 2009 with a total value of 6 million USD, will after agreement with the customer, be delivered during the first quarter 2010. As a consequence the final invoicing of the order will be moved into the first quarter 2010. There is no change to the total value of the order.
Precise Biometrics is expecting, despite invoicing part of the order in the first quarter of 2010, improved revenue growth and improved net result in 2009 compared to 2008.
Precise Biometrics is a market-leading provider of products and solutions for fingerprint recognition. The technology proves people's identities in a fast and secure way, while it reduces costs related to password management, identity theft and fraud.
Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 100 million users. Precise Biometrics is listed on NASDAQ OMX Stockholm small cap list (PREC).
For more information, please visit www.precisebiometrics.com
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Contacts
Precise Biometrics AB
Thomas Marschall, President and CEO
Tel. +46 (0)46 31 11 10 or +46 (0) 734 35 11 10
E-mail thomas.marschall@precisebiometrics.com
or
Precise Biometrics AB
Patrik Norberg, CFO
Tel. +46 (0)46 31 11 47 or +46 (0) 734 35 11 47
E-mail patrik.norberg@precisebiometrics.com
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