Precise Biometrics enters into agreement with Haptrics for the licensing of Precise BioMatch™ Mobile

Precise Biometrics, a leader in fingerprint software, has entered into a commercial software license and distribution agreement with the Korean sensor manufacturer Haptrics for the licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. The agreement gives Precise Biometrics annual revenues for the right to use the company's algorithm solution and for support. The agreement also generates licensing revenues based on the number of sold sensors from Haptrics that utilize Precise Biometrics algorithm solution.

Precise BioMatch Mobile is the industry’s leading algorithm solution for convenient and secure fingerprint recognition in smartphones and tablets. The unique and patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory. 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.

About Haptrics 
Haptrics Inc. is a fabless company specializing in fingerprint sensors and fingerprint solutions. The company offers CMOS based fingerprint sensors, highly optimized in terms of performance and cost for smartphone applications. Haptrics plans to release customer samples in November, 2017.