| CATEGORY: SMALL CAPS NEWS SECTOR: ELECTRONIC & ELECTRICAL EQUIPMENT |
Secure Design buys Fingerprint stake |
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Wed 30 Aug 2006
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LONDON (SHARECAST) - Japanese biometrics outfit Secure Design rallied today on news it has acquired 300,000 shares in Stockholm-listed semiconductor fingerprint image sensor manufacturer Fingerprint Cards.
The Tokyo-based provider of fingerprint authentication products, the first Japanese company to list on AIM, paid almost £447,500 for the stake which amounts to 2.5% of the total voting power.
Secure Design became the official exclusive Japanese distributor of Fingerprint Cards in December 2005.
Since then, it has been purchasing Fingerprint Cards's fingerprint image sensor components for its products including ITube and SD-Gate.
“The acquistion of the shares in Fingerprint Cards enhances the business and technology relationships between two companies,” it said.
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