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Mantra Softech Extends FPC Iris Technology License for Market Expansion

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Mantra Softech Extends FPC Iris Technology License for Market Expansion

Elevate Your Investing Strategy:

Fingerprint Cards ( ($SE:FING.B) ) has shared an update.

Fingerprint Cards AB (FPC) 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 emerging markets. This extension will allow Mantra to integrate advanced iris recognition technology into various applications, enhancing security and convenience in sectors such as government ID systems, banking, healthcare, and border control. The collaboration underscores FPC’s success in providing biometric solutions globally, while enabling Mantra to deliver secure identity solutions worldwide.

More about Fingerprint Cards

Fingerprint Cards AB (FPC) is a leading biometrics company based in Sweden, specializing in providing secure and seamless identification and authentication solutions. Their technologies are integrated into millions of devices globally, offering safe and convenient user experiences. Mantra Softech, a prominent Indian biometrics and RFID technology company, excels in fingerprint, iris, and facial recognition devices, serving over 50 countries with a robust network of partners.

Technical Sentiment Signal: Sell

Current Market Cap: $25.79M

See more insights into FING.B stock on TipRanks’ Stock Analysis page.

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