Published Date : 10/3/2025Â
Fingerprint Cards (FPC) is making significant strides in the biometric technology market with new commercialization and licensing deals. The company has recently struck an agreement with PixArt Imaging, further solidifying its position in the industry. This deal, along with other recent partnerships, highlights FPC's strategy to monetize and unlock value from its extensive IP assets.
FPC has entered into a commercialization and licensing agreement with PixArt Imaging, a leading provider of imaging solutions. Under this agreement, FPC will receive $2 million (approximately 19 million Swedish kronor) in upfront fees and potential future royalties for biometric products developed by PixArt using FPC's technology. PixArt will leverage FPC’s patents, algorithms, and fingerprint sensor technologies to build biometric solutions for PCs.
Adam Philpott, CEO of FPC, said, “This agreement with PixArt aligns well with our strategy to monetize and unlock value from existing IP assets. We are excited to kick off this partnership with PixArt and will continue to explore how we can collaborate together in other areas such as smart home, automotive, and wearables. The cash infusion will further strengthen our balance sheet and enhance our financial flexibility, enabling us to accelerate investments in new revenue streams and reinforce our leadership in secure authentication.”
This deal marks FPC’s third IP monetization and licensing agreement in the last 11 months. In 2023, FPC created a dedicated business unit to monetize its patent portfolio, shortly before Philpott took the helm as CEO. The company has already secured a $2.5 million licensing deal with Egis Technology for PC biometrics, a deal with Mantra Softech for civil identification, and another with Smart Eye for iris biometrics in the automotive industry.
Another significant partnership that has borne fruit is the long-term alliance with CMITech. CMITech has rolled out its EF-70 multimodal biometrics camera, which integrates FPC’s iris recognition technology. This dual face and iris biometric system is designed for high-security environments, including physical access control, immigration and border crossings, law enforcement, and civil identity management programs. The EF-70 boasts high accuracy, fast authentication, and robust liveness detection, as validated by USA NIST in their Iris Exchange (IREX) algorithm tests.
Philip Tusa, COO of CMITech, expressed his satisfaction with the partnership, stating, “We are very pleased to continue our long alliance with FPC. Their Iris Recognition algorithm performs flawlessly with our iris imaging systems, including the EF-70, and has been validated by USA NIST in their Iris Exchange (IREX) algorithm tests over the long term.”
FPC and CMITech have been partners for nearly a decade, and this latest collaboration further underscores their commitment to delivering cutting-edge biometric solutions. With these strategic moves, FPC is poised to strengthen its market position and continue driving innovation in the biometric technology sector.
In summary, FPC’s recent licensing deals and partnerships are a testament to the company’s commitment to leveraging its IP assets and expanding its reach into various industries. These collaborations are expected to drive growth and enhance the company’s financial flexibility, enabling further investments in new revenue streams and high-growth initiatives.Â
Q: What is the main focus of FPC's recent IP deals?
A: FPC's recent IP deals focus on monetizing and unlocking value from its existing IP assets, particularly in areas such as PC biometrics, smart home, automotive, and wearables.
Q: How much will FPC receive from PixArt Imaging under the new agreement?
A: FPC will receive $2 million (approximately 19 million Swedish kronor) in upfront fees and potential future royalties from PixArt Imaging.
Q: What is the EF-70 multimodal biometrics camera used for?
A: The EF-70 multimodal biometrics camera, developed by CMITech, is used for high-security environments such as physical access control, immigration and border crossings, law enforcement, and civil identity management programs.
Q: How long has FPC been partnering with CMITech?
A: FPC and CMITech have been partners for nearly a decade, consistently collaborating on biometric solutions.
Q: What other significant deals has FPC made in the past year?
A: FPC has made several significant deals in the past year, including a $2.5 million licensing deal with Egis Technology for PC biometrics, a deal with Mantra Softech for civil identification, and another with Smart Eye for iris biometrics in the automotive industry.Â