The integration will generate royalty revenue starting from the first quarter 2016. Royalty revenues are based on the number of sensors FPC delivers to the mobile phone manufacturer and cannot be forecasted at this point.
"We are pleased that Xiaomi has chosen to integrate Precise BioMatch Mobile in yet another of its flagship devices. Precise Biometrics fingerprint software is now integrated in products from 30 smartphone vendors and has become the preferred choice to ensure a superior user experience and secure identity verification on mobile devices", says Håkan Persson, CEO of Precise Biometrics.
Precise BioMatch Mobile (https://precisebiometrics.com/fingerprint-technology/precise-biomatch-mobile/) is the industry leading algorithm solution for convenient and secure fingerprint recognition on smartphones and tablets. The unique and patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory space. Precise BioMatch Mobile offers fast, accurate, and secure verification of user's identity, creating a convenient user experience when unlocking mobile devices or authenticating to services.
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 11.15 am CET on February 24, 2016.
Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile, has through cooperation with Fingerprint Cards (FPC) been integrated in Xiaomi Mi 5.