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Mantra Softech Expands with FPC’s Iris Technology

Story Highlights

Fingerprint Cards ( ($SE:FING.B) ) just unveiled an update.

Fingerprint Cards AB (FPC) announced that Mantra Softech has extended its license for FPC’s iris recognition software 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 various applications, including government programs, banking, and border control, enhancing security and authentication processes globally.

More about Fingerprint Cards

Fingerprint Cards AB (FPC) is a global leader in biometric technology based in Sweden, specializing in providing secure and convenient identification and authentication solutions. Their technology is integrated into hundreds of millions of devices worldwide. Mantra Softech is a prominent Indian biometrics and RFID technology company, known for its fingerprint, iris, and facial-recognition devices, with a strong presence 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.

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