Precise Biometrics, a leader in fingerprint software and NXP® Semiconductors collaborate to integrate Precise BioMatch® Card in NXP’s contactless biometric smart cards. The cooperation is expected to generate revenues to Precise Biometrics starting Q2 2018.
At the Annual General Meeting (the “AGM”) of Precise Biometrics, which was held today on Wednesday May 16, Anna Almlöf, Torbjörn Clementz, Torgny Hellström, Matts Lilja, Mats Lindoff and Synnöve Trygg were re-elected Board members.
Precise Biometrics’ software for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile is deployed in Huawei Honor 10, integrated in a Qualcomm® Fingerprint Sensor for Glass from Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated. Precise Biometrics projects the integration will generate royalty revenue from the second quarter of 2018 and will be based on actual sales of fingerprint sensors that utilize Precise BioMatch Mobile.
The Board of Directors in Precise Biometrics has today appointed Stefan K Persson to new CEO. Stefan K Persson is today Executive Vice President BO Home within the Bang Olufsen Group. Stefan will assume his new position at the latest on August 1, 2018 and until then will Göran Thuresson, CFO, be acting CEO and Torgny Hellström Executive Chairman. Current CEO Håkan Persson resigns with immediate effect.