FPC Fingerprint sensors to mobiles

Fingerprint Cards (STO: FING B) has signed an agreement where its swipe silicon technology will added to the offering of a global Biometric modules for mobiles for tablets manufacturer. The partner is not named at the moment but it sells in excess of 100 million units annually.

The agreement with FPC targets an initial volume of 20-40 million units in 2012-2014 through the partner’s established sales channel to mobile phone manufacturers. The FPC swipe sensor combined with Biometric modules leads to additional navigation, security and convenience application solutions. 

The company feels this endorsement validates its leading technology in the area. Promotion of the product to key customers has already begun. The stock hopped almost 20% in Tuesday session.