Revenues increased to JPY44.33 million (£0.30 million), up from JPY25.46 million (£0.17 million)in 2008.

The Group says that 2009 was a challenging year but says that demand for biometric identification products is increasing, especially in the fields of information security, financial transactions, security systems and medical treatment.

There is also demand for fingerprint authentication on mobile phones and note PCs.

Looking forward, Chairman Taketoshi Kashiwabara says: In the difficult economic situation, we are planning to use our technical skills and to work closely with our partners to develop new products for overseas markets and establish a firm base for the company to increase sales and return the company to profit.

"My confidence in our ability to do so is reflected in my commitment to my fellow directors and to our shareholders to fund the company through to profitability and I will be supporting another funding to ensure that BgenuineTec has resources in place to continue its development."

Story provided by Business Financial Newswire