Sunday, March 18, 2007



We are a leading mixed-signal semiconductor company providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device and access control markets. Since our inception in 1998, we have shipped over 15 million sensors which have been integrated into over 150 different models of laptops, desktops and PC peripherals as well as over 6 million mobile phones. In response to accelerating demand, we shipped over 6.9 million sensor units in 2006, a 122.6% increase over the 3.1 million sensor units we shipped in 2005. Correspondingly, our revenue increased over the same period from $19.2 million in 2005 to $33.2 million in 2006, a 72.9% increase. In the last two years, we generated revenue from over 100 customers including ASUSTek Computer, Inc., Fujitsu Ltd., Hewlett-Packard Company, High Tech Computer Corp., Hitachi, Ltd., Lenovo Group Limited, LG Electronics Inc., Samsung Electronics Co., Ltd. and Toshiba Corporation.

We believe we are well positioned to benefit from the continuous drive of customers in our target markets to add features to, and enhance the functionality of, their products including the demand for integrated and convenient security solutions. Our research, development and marketing efforts are focused on the following markets which are characterized by significant unit volumes and high growth rates:

• PCs: laptops, desktops and PC peripheral products, such as memory keys, hard drives, keyboards, mice and other devices;

• Wireless devices: cellular phones and other wireless communication devices, including personal digital assistants, or PDAs; and

• Access Control: time and attendance products, home security systems, business physical access control systems and other access control devices.

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