Precise BioMatch™ Mobile deployed in Huawei Honor 10, integrated with under-glass sensor

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.

New CEO for Precise Biometrics appointed

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. 

New CEO for Precise Biometrics appointed

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. 

Precise Biometrics revises full-year 2017 revenue and operating results guidance

Due to the strong competitive situation for Precise Biometrics´ customers, sales have not increased in line with the company´s previous projections. Therefore, Precise Biometrics revises its revenue guidance for the full-year 2017 from previous guidance of around SEK 83 million to revenues in the range of SEK 60-70 million. Due to the weaker sales development, the company will show an operating loss, which deviates from the previous guidance that the full-year 2017 would result in an operating profit.