MobileTech Limited and Precise Biometrics jointly offers Biometrics solutions in Asia Pacific

MobileTech Limited deploys Precise Biometrics' core Match-On-Card technology for total solutions with smart cards for user authentication to eCommerce and mCommerce applications.

Hong Kong, March 12, 2008 - MobileTech Limited, announces cooperation with Precise Biometrics in Asia Pacific.

Precise Biometrics AB (publ), a Swedish company that develops and sells world-leading and user-friendly biometric security solutions based on fingerprints and smart cards, has initiated cooperation with MobileTech Limited, a leading supplier in Hong Kong of fully-comprehensive infrastructure solutions to facilitate e-commerce, bank transactions and payment transactions via Internet and mobile phones. MobileTech's customers are mainly in the banking, government and commercial sectors.

The rapid developments on the Asian market concerning the use of mobile phones and other wireless technology for payment transactions have led to an increasing focus on security issues. One example is the so-called single sign-on functions, where users only need to logon once to access the systems adapted to a specific service. It has become increasingly important to further develop these types of functions with different biometric solutions, and to increase security levels and enhance user-friendliness.

“The fact that MobileTech has chosen us as a partner shows that we have a strong position on the Asian market. It will be a very interesting partnership because MobileTech is investing on a broad scale and is also committed to the utilization of our biometric solutions in projects that include Match-on-Card, ID cards with biometrics, and other applications where biometrics can both simplify and enhance security during user identification,” says Steven Tynan, Director, Regional Sales Asia at Precise Biometrics' subsidiary in Hong Kong.

MobileTech Limited was established in 2002 and has rapidly achieved success on the market. As an system integrator the company assumes responsibility for system design, the development of applications, installations and the delivery of technology. Sam Lam, CEO at MobileTech, sees the partner agreement with Precise Biometrics as an important step in the diversification of the company's total offering.

“We already have experience of using biometrics technology in our solutions, but cooperation with Precise Biometrics increases our opportunities to further develop our security offers and customization. It is especially important to us that Precise Biometrics' core technology can be utilized for different applications, such as total solutions with smart cards for user authentication to eCommerce and mCommerce,” says Sam Lam.

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About MobileTech Limited (www.mobiletech.com.hk)
MobileTech's core business is the provision of electronic delivery solutions for m-commerce and e-commerce initiatives. Together with its competence in Information Security, RFID and networking experience, MobileTech can offer a vertically integrated information flow and transaction-processing infrastructure that links Suppliers, Retailers, Enterprises, Government Department, Mobile Operators and Financial Institutions in a secure end-to-end channel. The company is based in Hong Kong to serve its clients in Greater China Region.

About Precise Biometrics (www.precisebiometrics.com)
Precise Biometrics AB is an innovative company offering solutions for fingerprint recognition to prove people's identities. With top-of-the-line expertise in fingerprint verification, Precise Biometrics offers fast, accurate and secure authentication of a person. Our core product Precise BioMatch™ integrates into ID and bank card programs and secure chips, as well as systems for access control to buildings, computers and networks. We act on a global market and our technology is licensed to more than 78 million users all over the world. The Precise Biometrics group has subsidiaries in Sweden (with group headquarters in Lund), Great Britain, Hong Kong and USA, and a joint venture agreement in China. Precise Biometrics is listed on the small cap list at the Nordic Exchange in Sweden (symbol:PREC).

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