Published on 18 March, 2013
Suprema has recorded double-digit growth for 12 consecutive years
Suprema Inc., a global leader in biometric technologies and ID solutions, announces that its 2012 revenue rose 25% year-on-year growth and its net profit increased 148.6% from the previous year.
For the year ended 31 December 2012, the company, which makes products ranging from biometric security systems to e-passport readers and fingerprint live scanning systems, reported KRW 51.9 billion ($ 47.72 million) in global sales which increased 25% from 2011.
The strong growth of biometric security systems over the company’s worldwide sales channel made major contribution to the company’s success and its profit topped by newly-launched technologies such as face recognition and surging demand on its identification solution from government sectors. While the Suprema’s fingerprint module business holds its top position in international markets, the company’s access control business also showed strong growth by introducing a number of ground-breaking technologies in biometrics.
In the coming year, Suprema has brighter outlook for introducing next-generation, fully integrated physical security platform and expanding its public ID solution business including live scanners and passport readers, to fast-growing government sectors.
Since its founding in 2000, Suprema has recorded double-digit growth for 12 consecutive years and its current market capital is soaring above KRW 310 billion ($ 285 million)