Precise today announces the integration of YOUNiQ with GenetecTM Security Center. The integration will strengthen the go-to-market strategy in the US and establish a new sales channel while giving Precise access to leading service installation providers across the US.
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The total number of shares in Precise Biometrics AB as per December 30, 2022, amounts to 47,512,597, divided into 46,427,597 ordinary shares and 1,085,000 shares of series C, corresponding to a total of 46,536,097 votes.
Read MorePrecise 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.
Read MorePrecise 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.
Read MoreThe Board of Directors of Precise Biometrics AB has today, in accordance with the authorization of the Annual General Meeting on May 19, 2022, resolved to issue and repurchase shares of series C to secure Precise Biometrics’ obligations pursuant to the incentive program LTI 2022/2028.
Read MorePrecise has agreed with the sellers of EastCoast Solutions to change the payment plan for the acquisition. The purpose is to provide flexibility for the company’s growth agenda.
Read MorePrecise 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.
Read MoreFredrik 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.
Read MoreINTERIM REPORT FOR THE PERIOD JANUARY TO SEPTEMBER 2022
Read MoreAs previously announced, Precise Biometrics AB has carried out a rights issue of 2,871,564 ordinary shares and a directed issue of 3,959,639 ordinary shares. Through the issues, the number of shares and votes in Precise Biometrics has increased with 6,831,203.
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