tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Mantra Softech Expands Market Reach with Extended FPC Iris Technology License

Story Highlights
  • Fingerprint Cards AB’s iris technology license with Mantra Softech has been extended.
  • The extension supports Mantra’s market expansion and enhances their biometric solutions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mantra Softech Expands Market Reach with Extended FPC Iris Technology License

Elevate Your Investing Strategy:

The latest announcement is out from Fingerprint Cards ( ($SE:FING.B) ).

Fingerprint Cards AB has announced that Mantra Softech India Private Limited has extended its license for FPC’s iris recognition software, aiming to strengthen its position in the Indian market and expand into emerging markets. This extension allows Mantra to incorporate FPC’s advanced iris technology into more devices, supporting applications such as government ID systems, banking, healthcare, and border control. The collaboration underscores FPC’s success in providing multi-modal biometric solutions globally and highlights Mantra’s commitment to innovation and excellence in delivering secure identity solutions.

More about Fingerprint Cards

Fingerprint Cards AB (FPC) is a global leader in biometric technology based in Sweden, specializing in providing secure and seamless identification and authentication solutions. Their technology is integrated into hundreds of millions of devices worldwide, facilitating safe and convenient user experiences. Mantra Softech, a leading Indian biometrics and RFID technology company, is known for its fingerprint, iris, and facial-recognition devices, which are widely used across various sectors in over 50 countries.

Technical Sentiment Signal: Sell

Current Market Cap: $25.79M

For a thorough assessment of FING.B stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1