Suprema issues 1.2 million shares
17 September, 2009
category: Biometrics
Suprema, a developer of biometric systems, has announced the successful issuance of 1.2 million shares in their company totaling $36 million. With the new flow of money, Suprema has planned a number of research and development projects to add onto their product line of fingerprint-based biometric products and systems.
Among these include development of multi-modal systems and integrated security systems utilizing biometrics with access control, surveillance and ID management. In addition to R&D efforts, Suprema CEO James Lee also reports an interest in looking at mergers, acquisitions and joint projects.