The integration will generate license revenue starting from the fourth 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.
"Xiaomi is a fast growing company that has become one of three largest Android smartphone brands in the world. We are proud that Xiaomi has chosen Precise BioMatch Mobile in Redmi Note 3. Precise Biometrics fingerprint software is now integrated in products from over 20 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/) 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 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.
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 09.35 am CET on November 24, 2015.