Press Releases

Precise appoints Joakim Nydemark to EVP and CCO Algo

The Board of Directors of Precise has appointed Joakim Nydemark to EVP and CCO Algo for Precise. Joakim comes most recently from the tech company Crunchfish and the role as COO and CEO of the subsidiary Crunchfish Gesture Interaction AB. Joakim Nydemark succeeds Fredrik Sjöholm, who has been appointed as CEO of another company.

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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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