News Release
AuthenTec Files Registration Statement for Proposed Initial Public Offering
Melbourne, FL - AuthenTec, Inc. today announced it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The shares of common stock to be sold in the offering are expected to be offered by AuthenTec, Inc. and certain of its stockholders.
Lehman Brothers Inc. is acting as the sole book-running manager for the offering, Bear, Stearns & Co. Inc. and Cowen and Company, LLC are acting as joint lead managers and Raymond James & Associates, Inc. and Montgomery & Co. are acting as co-managers. The number of shares to be sold and the price range for the proposed offering have not yet been determined.
The offering will be made only by means of a prospectus. A copy of the prospectus relating to these securities may be obtained when available from Lehman Brothers Inc. c/o ADP Financial Services, Prospectus Fulfillment, 1155 Long Island Avenue, Edgewood, NY 11717, (fax: 631-254-7268).
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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About AuthenTec
With more than 15 million sensors in use worldwide, AuthenTec is the world leader in providing fingerprint authentication sensors and solutions to the high-volume PC, wireless device, and access control markets. AuthenTec's award-winning sensors take full advantage of The Power of Touch® by utilizing the company's patented TruePrint® technology to deliver the most convenient, reliable and cost-effective means available for enabling touch-powered features that extend beyond user authentication. The company's customers include: ASUSTek, Fujitsu, HP, Hitachi, HTC, Lenovo, LG Electronics, Samsung, and Toshiba, among others.
This press release contains certain forward-looking statements about AuthenTec's initial public offering of its common stock. Forward-looking statements include statements regarding the market for the stock and anticipated future results and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Certain factors that could cause actual results to differ materially from expected results include delays in consummation of the initial public offering, increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business of AuthenTec and its subsidiaries.
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