Updated 11th October 2013 14.55 UK Time
It appears that the press release that was sent out by Cision was false, and Samsung are not buying Fingerprint Cards AB, the company has now released a further press release.
Apple recently launched their new iPhone 5S which features a fingerprint technology, and HTC are getting ready to launch their new HTC One Max, which is also rumored to feature a fingerprint scanner, and now it would appear that Samsung has similar plans.
Samsung has announced that they have acquired Fingerprint Cards AB, who Samsung says are the leading fingerprint company, the deal is worth $650 million US dollars in cash.
Samsung also noted that the acquisition has been approved by the board of directors of Samsung and by the board of directors of Fingerprint Cards AB.
Fingerprint Cards AB will become a new division within Samsung, and the company’s current CEO, Johan Carlstrom will become the President of Samsung Fingerprint Cards Division.
Swipe sensor technology is phenomenal in every way and are going to be loved by millions of people around the world,” said Samsung CEO Kwon Oh-hyun. “Together we will create the future.
Samsung obviously has plans to use the fingerprint technology from Fingerprint Cards AB in future smartphones and tablets, and we wouldn’t be surprised to see this technology used in the new Samsung Galaxy S5 which is expected to launch early next year.
As soon as we get some details on exactly what Samsung has planned for future devices with fingerprint technology, we will let you guys know.
Source Engadget
Updated press release below
To the stakeholders of FingerPrint Cards AB
11 October, 2013
At 10:30 AM a press release from FingerPrint Cards AB with the headline “Samsung Electronics to acquire Fingerprint Cards AB”” was distributed by Cision. The press release was incorrect. Cision apologizes to Fingerprint Cards AB and other stake holders for this error.
Best regards,
Helén Rigamonti
Director Customer Operations, Cision
Telephone: +46 8 507 418 19
Filed Under: Android News, Technology News