STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Precise Biometrics (STO:PREC), a leader in fingerprint software, has
entered into a commercial software license and distribution agreement
with Samsung’s System LSI Business, a division within Samsung
Electronics Co., Ltd., for the licensing of Precise Biometrics’
algorithm solution for fingerprint recognition in mobile devices,
Precise BioMatch Mobile.
The agreement includes a per unit license fee and an annual fee for
support and maintenance. While the per unit license fee is volume
dependent and cannot be forecasted by Precise Biometrics at this point,
the fee for support and maintenance will be recognized starting from the
fourth quarter of 2016.
“We are very pleased that Samsung Electronics Co., Ltd. has chosen our
fingerprint software to provide the best user experience and security of
their fingerprint solutions, as they enter the market for fingerprint
sensors. The cooperation creates additional growth opportunities for us
and strengthens our position as the leader in fingerprint software” said
Håkan Persson, CEO of Precise Biometrics.
BioMatch Mobile is the industry’s leading algorithm solution for
convenient and secure fingerprint recognition in smartphones and
tablets. The unique and patented hybrid algorithm solution is optimized
for small fingerprint sensors and platforms with limited processing
power and memory. Precise BioMatch Mobile offers fast, accurate, and
secure verification of user’s identity, creating a convenient user
experience when unlocking mobile devices or authenticating to services.
This information is information that Precise Biometrics AB is obliged to
make public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact person
set out below, at 13.00 CET on November 8, 2016.
ABOUT PRECISE BIOMETRICS
Precise Biometrics is a market leading supplier of solutions for
convenient and secure authentication of people’s identity. We develop
and sell fingerprint software and mobile smart card readers that provide
the market’s best user experience and security. Our solutions are used
hundreds of millions of times every day by people all over the world and
are marketed together with strong business partners. For more
information, please visit; http://precisebiometrics.com/
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