Fingerprint Cards Lands $2.5M Biometrics Deal with Egis for PC Assets

Published Date : 8/8/2025 

Fingerprint Cards has signed a biometrics licensing agreement with Egis Technology, worth approximately $2.5 million, to monetize its PC-related assets. This move aligns with the company's strategy to shift focus to identity management and new authentication technologies. 

Fingerprint Cards has entered into a biometrics licensing agreement with Egis Technology, securing a deal worth approximately 24 million Swedish kronor (US$2.5 million) for PC-related assets. This move follows the company's decision to discontinue its mobile and PC biometrics product lines, as it shifts its focus to identity management and other emerging segments.

The Swedish biometric firm, Fingerprint Cards, has emphasized that this contract will enable it to generate revenue from its existing intellectual property while continuing to develop new authentication technologies. According to Adam Philpott, CEO of Fingerprint Cards, “This agreement with Egis aligns well with our strategy to monetize and unlock value from existing IP assets. The cash infusion will further strengthen FPC’s balance sheet and enhance our financial flexibility.”

The company's business transformation has been marked by a significant decline in revenues. In 2024, Fingerprint Cards reported revenues of $38.5 million, a substantial drop from $67.3 million the previous year. However, recent results from the first quarter of 2025 showed a positive trend, with revenues doubling year-over-year to reach $1.9 million, accompanied by a 56.6 percent gross margin.

This biometrics licensing deal marks the third such agreement for Fingerprint Cards this year. Earlier, the company extended a licensing deal with Mantra Softech and signed an agreement with Smart Eye for iris biometric technology, aimed at civil identification and the automotive industry. Additionally, Fingerprint Cards partnered with an unnamed IP advisory firm in early 2025 to commercialize its biometric technology.

The agreement with Egis is expected to bring the majority of the payment to Fingerprint Cards in the third quarter of 2025. The deal also includes royalty payments based on Egis’s shipment volumes to PC manufacturers. This arrangement builds on an existing partnership between the two companies in the mobile sector. Last year, Fingerprint Cards signed a deal with Egis, allowing the Taiwan-based company to integrate its mobile product lines into its current mobile platforms.

At the time, Fingerprint Cards noted that while this partnership might not yield immediate financial gains, it would offer future revenue opportunities, including from development work associated with the licensed biometric solutions. The company also announced that some of its mobile business employees would transition to Egis due to the wind-down of its mobile business operations. 

Frequently Asked Questions (FAQS): 

Q: What is the value of the biometrics licensing deal between Fingerprint Cards and Egis Technology?

A: The biometrics licensing deal between Fingerprint Cards and Egis Technology is worth approximately 24 million Swedish kronor (US$2.5 million).

Q: Why did Fingerprint Cards discontinue its mobile and PC biometrics product lines?

A: Fingerprint Cards discontinued its mobile and PC biometrics product lines to shift focus to identity management and other emerging segments, aligning with its strategy to develop new authentication technologies.

Q: How has Fingerprint Cards' revenue been affected by the business transformation?

A: Fingerprint Cards experienced a significant decline in revenues in 2024, reporting $38.5 million compared to $67.3 million the previous year. However, Q1 2025 saw a positive trend with revenues doubling year-over-year to $1.9 million.

Q: What other biometrics licensing deals has Fingerprint Cards signed this year?

A: Fingerprint Cards has signed biometrics licensing deals with Mantra Softech and Smart Eye this year, in addition to the agreement with Egis Technology.

Q: What does the deal with Egis Technology include beyond the initial payment?

A: The deal with Egis Technology includes royalty payments based on Egis’s shipment volumes to PC manufacturers, in addition to the initial payment of 24 million Swedish kronor (US$2.5 million). 

More Related Topics :