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Mantra Softech Expands with FPC Iris Technology License Extension

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Mantra Softech Expands with FPC Iris Technology License Extension

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

Fingerprint Cards AB has announced that Mantra Softech has extended its license for FPC’s iris recognition software, aiming to strengthen its position in the Indian market and expand into new markets. This extension allows Mantra to integrate advanced iris technology into their security solutions for various applications, including government ID systems and banking security, enhancing their market reach and innovation capabilities.

More about Fingerprint Cards

Fingerprint Cards AB (FPC) is a leading global biometrics company based in Sweden, specializing in providing secure and seamless identification and authentication solutions. Their technology is integrated into hundreds of millions of devices worldwide, ensuring safe and convenient user experiences. FPC is listed on Nasdaq Stockholm. Mantra Softech, a $70 million leader in biometric technology from India, is known for its fingerprint, iris, and facial-recognition devices, which are widely used across various sectors globally.

Technical Sentiment Signal: Sell

Current Market Cap: $25.79M

See more data about FING.B stock on TipRanks’ Stock Analysis page.

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