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Mantra Softech Expands Market Reach with Extended FPC Iris Technology License

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Mantra Softech Expands Market Reach with Extended FPC Iris Technology License

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

Fingerprint Cards AB (FPC) announced that Mantra Softech has extended its license for FPC’s iris recognition software, aiming to enhance its position in the Indian market and expand into emerging markets. This extension allows Mantra to integrate FPC’s advanced iris technology into various applications, including government programs, banking, and border control, supporting their mission to provide secure and seamless identity solutions globally. The collaboration underscores FPC’s success in offering multi-modal biometric solutions and Mantra’s commitment to innovation and excellence in biometrics.

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 globally, offering safe and convenient human touch identification. Mantra Softech is a leading Indian biometric technology company known for its fingerprint, iris, and facial recognition devices, which are highly regarded for their accuracy and security. With a strong global presence, Mantra delivers solutions to over 50 countries, setting benchmarks in identity verification.

Technical Sentiment Signal: Sell

Current Market Cap: $25.79M

For an in-depth examination of FING.B stock, go to TipRanks’ Stock Analysis page.

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