Precise Biometrics lands Thai ID-card contract
Precise Biometrics, a Swedish public company that develops and sells biometric security solutions based on fingerprints and smart cards, has received a new order from Thai authorities for biometrics for national identification (ID) cards.
Precise Biometrics said expected revenues for the order, covering three years, would generate 20 million Swedish kroner (Bt100 million).The Thai project will use Precise Biometrics in conjunction with Smart Card Systems International (SSI) to deliver biometrics for ID cards to the Kingdom's 65 million citizens. Last April, Precise Biometrics received its first Thai order, a licence agreement for 12 million ID cards. The firm has received more orders for the rest. President and CEO Christer Bergman said that this second order was worth Sk20 million. Revenues will include earnings from the sale of licences for Precise Match-on-Card technology and licenses for fingerprint readers. The firm will also receive income from maintenance services and hardware sales. Follow-up orders for the ID cards were obtained in cooperation with SSI, the local integrator and service partner. - The Nation
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