AI assistant
Precise Biometrics — Regulatory Filings 2019
Jun 9, 2019
3189_iss_2019-06-09_42678153-b242-42ae-9a17-602d94177e95.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
Precise signs license agreement with a leading sensor supplier
Precise Biometrics has signed a license agreement with a leading fingerprint sensor supplier from Asia. The agreement enables the sensor supplier to include Precises' fingerprint software, Precise BioMatch Mobile, into their under-display sensor solutions for mobile devices.
The agreement will generate royalty revenue based on actual sales of fingerprint sensors which include Precises' software. The royalty revenue is volume dependent and cannot be forecasted at this point. The agreement also includes a fee for support and maintenance and the right to integrate and use Precise BioMatch Mobile, which will be recognized to commence from the second half of 2019.
"We are pleased to announce this collaboration as it further strengthens our position as a leading technology provider of fingerprint software. This also confirms that our new strategy, to offer customer service, support and product development in Asia in order to strengthen our presence in local key markets, has borne fruit" said Stefan K Persson, CEO of Precise.
About Precise BioMatch Mobile
Precise BioMatch Mobile is our fingerprint software for smartphones and tablets. The product provides the best user experience & security of fingerprint recognition in mobile devices and works with any type of sensor technology. Read more: https://precisebiometrics.com/products/smartphonetablet/
Contacts
Stefan K Persson, CEO Telephone: +46 707 92 08 31 E-mail: [email protected]
About Us
Precise Biometrics is a market leading supplier of solutions for convenient and secure verification of people's identity using biometrics. Our solutions are used hundreds of millions of times every day by people all over the world. For more information, please visit www.precisebiometrics.com
This information is information that Precise Biometrics is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2019-06-09 11:00 CEST.
Attachments
Precise signs license agreement with a leading sensor supplier