In Fingerprint Technology, which is Precise Biometrics’ largest and fastest-growing business area, we develop and sell fingerprint software for convenient and secure authentication of people’s identity in mobil devices, smart cards and other products with fingerprint sensors. Our patented software provides the best user experience for products with small fingerprint sensors and limited processing power and memory, regardless of the sensor technology or operating system. The software is sold primarily to sensor manufacturers for integration into mobile devices and other products with fingerprint technology such as smart cards, cars, wearables and IoT. Our software solutions have become a de facto standard among sensor manufacturers.
In the business area Mobile Smart Card Solutions, we sell Tactivo, a product portfolio of smart card readers for smartphones and tablets. Tactivo enables convenient and secure mobility in organizations, government agencies and enterprises that require smart cards to log in to IT systems. Tactivo is marketed through a network of partners in America, Europe, the Middle East and Asia as a component in complete integrated solutions for mobile access to information and resources.
We license our fingerprint recognition software primarily to sensor manufacturers, which generates royalties based on their sales. Our software is integrated into almost 200 mobile phones and tablets from over 40 manufacturers and is used hundreds of millions of times every day all over the world.
Our algorithm solutions are also marketed to companies in other industries for integration into products with small sensors and limited platforms, such as smart cards, wearables, cars and Internet of Things.
Our customers cover most of the market of fingerprint technology, and encompass several different sensor technologies and include companies such as Elan Microelectronics, Fingerprint cards, FocalTech, NXP, Oberthur, Samsung Electronics, Silead, Synaptics and Qualcomm. Together with our customers, we work in close collaboration to meet the demands of both mobile phone manufacturers and other suppliers of products with fingerprint technology. We also sell fingerprint software for national ID cards, the software that has been deployed in 160 million National ID cards worldwide.
In our business area Mobile Smart Card Solutions, we have agreements with partners that integrate our Tactivo smart card reader into complete solutions that enable convenient and secure mobile access to IT-systems. Our partners manage distribution and sales in prioritized markets, which are US government agencies, healthcare organizations in the UK and Sweden and enterprises.
Precise Biometrics is headquartered in Lund, Sweden with a subsidiary in Potsdam, NY, USA. We operate through local sales representatives and a network of partners in the US, China, Taiwan, South Korea and Europe to secure a local presence in key markets. We have around 40 staff members, consultants included. We are listed on Nasdaq Stockholm. Our revenues in 2016 were SEK 97.3 million. Håkan Persson holds the position as president and CEO at Precise Biometrics. Find out more about him and the management team.
Research & Development
We boast one of the world’s most experienced R&D teams within fingerprint software that has 20 years’ experience of developing fingerprint software for small fingerprint sensors. Precise Biometrics has established a technological edge that is based on extensive experience of developing algorithm solutions for fingerprint recognition. We are continuously developing the functionality and performance of our technology for current and new product areas. The company’s portfolio of patents is extensive, designed to protect the company’s technology and products in selected markets.
Precise Biometrics is the leader in fingerprint software. Our software provides the best user experience for products with small sensors and platforms with limited processing power and memory, regardless of the sensor technology and operating system. Our technology leadership is based on 20 years’ experience of developing fingerprint software and is used every day by hundreds of millions of people. In 2014, our software enabled the launch of the first Android smartphone with a fingerprint touch sensor. Our competence and understanding of image processing, user experience and security are decisive in terms of enhancing the company’s technical leadership in fingerprint software.
Precise Biometrics was founded in 1997 with a vision to offer fingerprint technology for mobile phones and smart cards. In 2014, our software enabled the launch of the first Android smartphone with touch fingerprint technology. Precise Biometrics’ fingerprint software has been developed to provide optimal performance for products with small fingerprint sensors and limited platforms, such as smartphones and smart cards. We have been a pioneer in fingerprint technology ever since the start and continue to offer innovative solutions for convenient and secure authentication of digital identity.