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 very proud of the confidence the company has shown to us by integrating Precise BioMatch Mobile in two smartphones. These are the first smartphones based on the operating system Android Marshmallow*, which strengthens our position as the leading supplier of fingerprint software for mobile devices and gives us good prospects for continued positive market development among other vendors", says Håkan Persson, CEO of Precise Biometrics.
Precise BioMatch Mobile (https://precisebiometrics.com/fingerprint-technology/precise-biomatch-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 BioMatch™ Embedded (https://precisebiometrics.com/fingerprint-technology/precise-biomatch-embedded/) provides easy integration of fingerprint matching functionality for numerous environments and applications.
* Android 6.0 Marshmallow is the latest version of the mobile operating system Android.
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 08.00 am CEST on September 30, 2015.