Precise Biometrics and Schlumberger Renew Agreement to Develop Biometric Security for Cyberflex* Smart Card

Precise Biometrics and Schlumberger Renew Agreement to Develop Biometric Security for Cyberflex* Smart Card

PARIS, June 5, 2003–Precise Biometrics AB (publ), developer and provider of world-leading and user-friendly biometric security solutions based on fingerprints, and Schlumberger, one of the world’s leading smart card providers, have renewed their existing agreement on the integration of the biometric security option in the Cyberflex Access* 64K smart card.

With the original project now commercially successful, the companies will enlarge the scope of the agreement to include licensing of the Precise BioMatch™ software, as well as marketing and sales.

The agreement between Precise Biometrics and Schlumberger, announced in February 2002, has resulted in an upcoming market launch of a new Java™ Card application by Schlumberger.

The renewal of the existing technical agreement between Precise Biometrics and Schlumberger means that the two companies will also work together in the marketing and sale worldwide of Precise Match-on-Card™ as an integrated biometric security option on the Cyberflex Access 64K card.

“We’re looking forward to increased cooperation with Precise Biometrics. By using Precise Biometrics’ unique Precise Match-on-Card technology as a new option on our Cyberflex Access 64K smart card, we can offer customers improved security and cost effectiveness, while retaining speed and ease-of-use,” said Laurent Vieille, access smart card manager at Schlumberger Smart Cards and Terminals.

“Being able to move ahead to sales and marketing work with Schlumberger, a leader in its industry, is a great step for Precise Biometrics. Together we can offer customers the product they have been looking for to support their corporate ID and access control projects,” said Jonas Andersson, Director, Smart ID Cards at Precise Biometrics.

The new Java Card biometric application on the Cyberflex Access 64K card is designed for corporate and network security applications. To offer the application, Schlumberger licenses Precise Biometrics’ software product with Precise Match-on-Card capability, Precise BioMatch C, and integrates it into the Schlumberger Java Card product. The functionality of the Precise Match-on-Card makes it possible to match fingerprints directly using the secure environment of a smart card instead of a computer, which is much less secure. Consequently, the product offers the customer significantly more convenience and privacy.

The biometric option on Cyberflex Access cards complies with the Java Card Forum’s established standard for the Java Card biometric API.

This new biometric capability–with a defined and well-documented interface–will be available to Java application developers worldwide. Use of the feature is greatly simplified and the investment is secured through the availability of readers from leading manufacturers that use Precise Biometrics’ technology.

Schlumberger is a world leader in smart card technology and a leading supplier for smart card-based solutions for wireless operators, companies, and financial and government institutions.

Schlumberger Smart Cards and Terminals

Schlumberger Smart Cards and Terminals is the world’s leading provider of microprocessor cards–the key to digital networks–and a major supplier of card-related terminals and transaction software. Its 5,000 employees serve customers in more than 100 countries, with worldwide sales exceeding 2.6 billion smart cards to date. The company possesses more than 20 years’ experience in smart card innovation and leads its industry in security technology and open systems. Schlumberger continuously creates new generations of products for use in a variety of applications in the telecommunications, finance, retail, transport, entertainment, healthcare, personal identification, information technology and public sector markets. Smart card solutions provide convenience, security and privacy to public and private service operators, their customers and end users. For more information, visit http://www.smartcards.net.

Precise Biometrics

Precise Biometrics is an innovative security company that supplies world-leading systems for authentication using fingerprints. The solutions supplied by the company replace keys, PIN codes and passwords. The company’s products are cost effective and provide security and comfort combined with top-class protection of personal integrity. The range of products includes systems for access control to computers and networks and for building into mobile and terminals, such as mobile phones and portable computers. The company headquarters are in Lund, Sweden. The company also has offices in Stockholm and a U.S. subsidiary in Washington, D.C. Precise Biometrics is listed on the O-list of the Stockholm Stock Exchange (symbol: PREC A). For more information about Precise Biometrics, visit http://www.precisebiometrics.com.

(* Mark of Schlumberger)

BioMatch and Match-on-Card are trademarks of Precise Biometrics. Java is a trademark of Sun Microelectronics.

For further information, contact:

Richard Venturi
Schlumberger Smart Cards & Terminals
Tel: +33 1 46 00 71 04
RVenturi@slb.com

Jonas Andersson
Director, Smart ID Cards, Precise Biometrics
Tel. + 46 46 31 11 44
jonas.andersson@precisebiometrics.com

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