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AuthenTec Announces Pricing of Initial Public Offering of Common Stock
Jun 27, 2007 7:30:00 AM

MELBOURNE, Fla., June 27 /PRNewswire-FirstCall/ -- AuthenTec, Inc. (Nasdaq: AUTH), a leading provider of fingerprint sensors, today announced the initial public offering of 7,500,000 shares of its common stock priced at $11.00 per share. AuthenTec, Inc. is offering 5,625,000 shares and certain selling stockholders are offering 1,875,000 shares of common stock.

The common stock will begin trading today on the Nasdaq Global Market under the symbol "AUTH." The offering is expected to close on or about July 2, 2007.

AuthenTec, Inc. has granted the underwriters an option to purchase up to an additional 1,125,000 shares of common stock.

AuthenTec, Inc. intends to use net proceeds from the offering for general corporate purposes. AuthenTec, Inc. will not receive any proceeds from the sale of the shares of common stock by the selling stockholders.

Lehman Brothers Inc. is acting as sole book-running manager and as the representative of the underwriters, which include Bear, Stearns & Co. Inc.; Cowen and Company, LLC; Raymond James & Associates, Inc.; and Montgomery & Co., LLC.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. Written copies of the prospectus relating to the offering may be obtained from Lehman Brothers Inc., c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, (fax): 631-254-7140, or e-mail [e-mail], or at the Securities and Exchange Commission's website at http://www.sec.gov.

About AuthenTec

AuthenTec is a leading provider of fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets. AuthenTec's award-winning sensors take full advantage of The Power of Touch(R) by utilizing the company's patented TruePrint(R) technology to deliver convenient, reliable and cost-effective means available for enabling touch- powered features that extend beyond user authentication. The company's customers include: ASUSTeK, Fujitsu, HP, Hitachi, HTC, Lenovo, LG Electronics, Samsung, and Toshiba, among others.

This press release contains forward-looking statements, including statements about beliefs and expectations. These statements are based upon the company's current plans as well as its expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The company undertakes no duty to and will not necessarily update any of them in light of new information or future events, except to the extent required by applicable law.

SOURCE AuthenTec, Inc.

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Brent Dietz Director of Communications AuthenTec
Inc.
[phone]
[e-mail]