The integration will generate license revenue starting from the third quarter 2015. The value of license revenue is based on the number of sensors FPC delivers to the mobile phone manufacturer and cannot be forecasted at this point.
"We are glad that the supplier has chosen to integrate Precise BioMatch Mobile in its first smartphone with a touch fingerprint sensor, which in combination with a high qualitative sensor is crucial for fast and accurate authentication", says Håkan Persson, CEO of Precise Biometrics.
Precise BioMatch TM Mobile provides easy integration of fingerprint matching functionality for smartphones and tablets, and is optimized for small touch sensors in mobile environments through a unique patented hybrid algorithm. The software offers fast, accurate, and secure verification of the user's identity, creating a convenient user experience for consumers when unlocking their mobile device or authenticating to services, while delivering enhanced security.
Precise Biometrics also offers fingerprint technology to stationary and embedded solutions. Precise BioMatchTM Embedded provides easy integration of fingerprint matching functionality for numerous environments and applications through a unique patented hybrid algorithm. The software offers fast, accurate, and secure verification of the user's identity, creating a convenient user experience when unlocking a device or authenticating to services, while delivering enhanced security.
This press release contains information that Precise Biometrics is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 4.30 pm CEST on September 9, 2015.