Fredrik Sjöholm, Senior Sales Director at Precise Biometrics with responsibility for sales and business development of new product areas, has been appointed to the management team.
Sales in the remaining operation, Fingerprint Technology, increased during the quarter. The partnership with Silead has resulted in substantial royalty revenues as Precise BioMatch Mobile has been launched in a number of phone models from one of the world’s biggest manufacturers. Precise Biometrics concluded an agreement with IDENTOS to divest the Mobile Smart Card Solutions business area in order to focus its activities on the Fingerprint Technology business area.
Precise Biometrics, a leader in fingerprint software, has entered into a commercial software license and distribution agreement with module house O-FILM for the licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.
Precise Biometrics’ new security suite offers industry leading fingerprint matching software with state-of-the-art spoof and liveness detection, as well as standalone anti-spoof products and services. The suite meets a growing demand for secure and trustworthy mobile payments.
Precise Biometrics has concluded an agreement with German IDENTOS GmbH on the takeover of the Mobile Smart Card Solutions business area, which includes the business operation involving smart card readers under the Tactivo™ brand. This entails Precise Biometrics further increasing its focus on the Fingerprint Technology business area and freeing up resources for the development and sales of fingerprint technology.
Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded, has through cooperation with Fingerprint Cards been integrated in MeReals biometric smart card V2 that was launched yesterday in connection with the opening of Pleinair Casino.
Rutger Petersson, Director of Research and Development and member of the management team is leaving Precise Biometrics for a new assignment as Analytics & Insight Manager at Verisure Innovation AB. The search for his successor has been initiated.