US Edition
Security camera lens, CCTV Camera, Digital Recorder, Telemetric Transmitter and Controller, Intruder Alarm Control Panel, Access Control Reader, Dome Camera
Home  |  Settings  |  Marketing Options  |  eNewsletters  |  About Us  |  FAQs  |  Contact Us    Site tour of

Suprema, provider of biometric technologies, raises $36m in capital from share issue

Published on 21 Sep, 2009

Suprema Inc. is a leading global provider of biometric recognition and identity management solutions and systems
Suprema Inc. has successfully issued 1.2 million of new shares at an aggregate of $36M
Suprema Inc., a leading provider of biometric technologies, announced on September 15 that the company has successfully issued 1.2 million of new shares at an aggregate of $36M (KRW43.4 billion). For this public offering, Suprema received overwhelming response from institutional and private investors with subscribed bids exceeding $1.4B in total - 37.6 times the shares on offer.

With the share-raise capital, the company has plans to invest in R&D projects to broaden its business portfolio. According to Suprema, the company eyes on multi-modal biometrics from current fingerprint-based solutions. The company also has plans to develop an integrated security solution combining access control, surveillance and ID management applications.

"We are pleased to receive this tremendous interest and trust from investors, which well reflects Suprema's growth potential as well as technological competitiveness. With the raised funds, we will focus on developing a long-term technological growth platform through acquisitions or maybe a joint venturing," said James Lee, CEO at Suprema.

As of September 15, the company's total number of shares increased to 14.4 million and market capitalisation exceeded $281M (KRW342.7 billion).


Download PDF Version

Related videos
Bookmark and Share
Latest Technology Report Technology Report: Managing Business Remotely Using the Cloud

A Technology Report from, produced in collaboration with Oncam Technologies, highlights how a new technology platform that combines cloud-based computing and automated on-site data collection can help businesses with remote monitoring and management.

The white paper outlines how the OnVu360 management platform combines inputs from surveillance systems, access control, intrusion detection systems, and video analytics, among others to improve remote business management and security management across several markets including retail, public security, and home automation.

View White paper

See privacy and cookie policy
International Edition