News Tag: English

Precise enters into license agreement with Isorg to provide a new technology of fingerprint sensors to the mobile industry

Precise has on 23 December 2022 entered into a commercial licensing agreement with Isorg, a France-based leader in organic optical sensors, to provide a new fingerprint technology to the mobile industry. Under the initial agreement period until end of 2024, Precise will receive minimum approximately SEK 11 million in fixed license and support fees. In addition, Precise will receive future royalties based on the actual number of fingerprint sensors when they are sold and installed in mobile phones.

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Precise starts cooperation with CanvasBio to develop sensors for laptops

Precise has entered a development partnership with CanvasBio, a Korean manufacturer of fingerprint sensors, to jointly develop a fingerprint module for use in laptops. The module is being developed with sensors from CanvasBio integrated with the Precise BioMatch algorithms. The partnership is part of the growth strategy for Precise Algo business unit, which includes building new partnerships with additional sensor vendors and growing in new verticals.

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Precise Biometrics reorganizes Digital Identity to strengthen the commercial organization

Precise today announces a strategic reorganization to strengthen the company’s go-to-market in the Digital Identity business area. The change involves a merge of the functions in sales, customer service, and R&D for EastCoast’s visitor management solutions with the corresponding functions for YOUNiQ, biometric access solutions. The initiatives will strengthen the sales channels for both services while optimizing the organization.

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Changes in Precise Biometrics’ management team

Fredrik Sjöholm has today announced his intention to pursue new challenges outside of Precise to assume the role as CEO for another company, and thereby leaving the role as EVP and CCO Algo for Precise. Fredrik will remain in his role during his notice period, which amounts to six months.

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