News

Change in number of shares and votes in Precise Biometrics

As announced on 29 November 2021, Precise Biometrics has carried out a directed share issue to Swedish and international professional investors and family offices, resulting in an increase in the total number of shares and votes by 28,750,000. In addition, Precise Biometrics has, as announced on 30 November 2021, carried out a set-off issue in […]

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Precise signs two licensing agreements for use of biometrics in automotive use cases

Precise announced today that the company has signed its first commercial licensing agreements with two Original Design Manufacturers (ODMs) to provide fingerprint technology, including Precise’s proprietary fingerprint algorithm, Precise BioMatch, to allow various applications, including automated adjustments of driver settings in vehicles. Under the terms of the licensing agreements, Precise will receive a total of approximately SEK 9 million as upfront payment and future royalties based on actual number of sensors being installed, together with a recurring fee for support and maintenance.

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Invitation to Digital Identity Briefing

Precise hereby invites investors, analysts and media to its Digital Identity Briefing on 13 January 2022, at 10.00 CET. The objective of the briefing is to provide more information on the company’s growth agenda, technology and business model for Precise’s SaaS business area Digital Identity.

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Precise completes the acquisition of EastCoast Solutions and issues 6,982,473 new shares

Precise Biometrics AB (publ) (“Precise” or the “Company”) has completed the acquisition of 100 percent of the shares in EastCoast Solutions AB and Besökssystem Sverige AB that was announced on 29 November 2021. In connection therewith, Precise’s Board of Directors has resolved upon an issue of 6,982,473 shares to EastCoast International, corresponding to an amount of SEK 7 million. In addition, SEK 18 million were paid in cash in the upfront payment of the acquisition.

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Precise completes a directed issue of SEK 23 million

Precise Biometrics AB (publ) (“Precise” or “the Company”) has successfully completed a directed issue of 28,750,000 shares to Swedish and international professional investors and family offices, in accordance with the announcement made by the Company earlier today. The price of SEK 0.80 per share has been determined through an accelerated book building procedure and the total proceeds raised amount to SEK 23 million before issue expenses.

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Precise intends to carry out a directed share issue of approximately SEK 20 million

Precise Biometrics AB (publ) (“Precise” or “the Company”) hereby announces its intention to carry out a directed share issue of approximately SEK 20 million pursuant to the authorization granted by the Annual General Meeting held on 14 May 2021. The objective of the directed issue is to finance part of the Company’s acquisition of EastCoast Solutions that was announced today, thereby accelerating the Company’s SaaS (Software-as-a-Service) business area Digital Identity. Precise has mandated Vator Securities AB to act as Sole Bookrunner in connection with the directed issue.

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Precise acquires EastCoast Solutions accelerating SaaS business area Digital Identity

Precise Biometrics AB (publ) (“Precise” or the “Company”) announced today the acquisition of the leading Swedish visitor management system provider EastCoast Solutions. The acquisition accelerates Precise’s SaaS (Software-as-a-Service) business area Digital Identity and increases recurring revenue streams. Precise’s offering within Digital Identity will be complemented by EastCoast Visit, EastCoast Solutions’ leading visitor management system that is used by over 600 clients world-wide, significantly strengthening Precise’s position within the field of physical access and stimulating additional growth opportunities through cross-selling activities. The purchase price amounts to SEK 80 million on a cash and debt free basis and will be paid through a combination of cash and 6,982,473 newly issued shares in Precise. EastCoast Solutions had revenues of approximately SEK 16.8 million, with 76 percent being recurring revenues, and with an EBITDA-margin of 17.4 percent, during the last twelve months (LTM) as of 30 September 2021.

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