Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded, has been integrated in the world’s first dual interface payment card from AirPlus.
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.