AuthenTec Ships Record 20 Millionth Fingerprint Sensor
Milestone Was Reached During a Record-Setting July
MELBOURNE, Fla.--(BUSINESS WIRE)--August 08, 2007--
AuthenTec (NASDAQ: AUTH), the world's leading provider of fingerprint
sensors and solutions, announced that on July 27 the company shipped its 20
millionth fingerprint sensor, an industry record. The milestone shipment was
made during a record-setting July in which AuthenTec shipped over a million
sensors, more than any other month in the company's history.
These record shipments have been driven primarily by strong customer demand
for AuthenTec's small, highly accurate and cost-effective fingerprint sensors
for the PC market. The company continues to win new designs with the world's
Top 10 PC manufacturers as its fingerprint sensors have now been integrated
into more than 200 PC models. Also contributing to record shipments is the
continuing successful ramp of AuthenTec's newest sensor - the AES1710 for the
cell phone market - bringing Power of Touch(R) features to consumers,
including security, convenience, personalization and navigation.
"Although we're proud of setting another high-water mark for the industry
with our 20 millionth sensor shipment, we believe the market for fingerprint
sensors is just beginning and that the most significant growth opportunities
are still ahead," said AuthenTec Chairman & CEO Scott Moody. "This achievement
is a testament to the differentiation our fingerprint technologies and
products bring to PCs, cell phones and other products made by our customers -
the world's leading consumer electronics companies."
Highlighting the company's rapid growth, AuthenTec reached the 20 million
shipment milestone only one year after shipping its 10 millionth sensor,
announced in July 2006. AuthenTec shipped more than 3 million sensors during
its second quarter, equaling the total number of AuthenTec sensors shipped
during all of 2005.
AuthenTec's fingerprint sensors are based on the company's patented
TruePrint(R) technology. TruePrint is a unique, sub-surface RF technology
which reads below the surface of the skin to the live layer where the true
fingerprint resides. TruePrint enables AuthenTec sensors to read virtually
every fingerprint, every time, allowing the company to create small, low-cost
sensors that offer superior performance to competing solutions.
About AuthenTec
With more than 20 million sensors in use worldwide, AuthenTec is the world
leader in providing 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 the most
convenient, reliable and cost-effective means available for enabling
touch-powered features that extend beyond user authentication. The company's
customers include: Acer, ASUSTeK, Fujitsu, HP, Hitachi, HTC, Lenovo, LG
Electronics, Samsung, and Toshiba, among others.
Certain information in this news release, particularly information regarding
future economic performance and finances, and plans, expectations and
objectives of management, is forward looking. Many factors could affect the
Company's actual results and cause such results to differ materially from
those expressed in forward-looking statements. For a more detailed discussion
of these factors, see the text under the heading "Risk Factors" on Page 8 of
AuthenTec's recent Form S-1 which is on file with the Securities and Exchange
Commission. The forward-looking statements included in this release are made
only as of the date of publication, and we undertake no obligation to update
the forward-looking statements to reflect subsequent events or circumstances.
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