Precise Biometrics plans to re-structure the organization to enable improved customer service and increased focus on solutions that unite various biometric modalities. As part of this planned re-organization, the company will establish a new office in Shanghai during the first half of 2019 and intends to centralize operations in Sweden to the headquarter in Lund, closing the office in Karlstad.
Updated strategy in conjunction with today’s Capital Market’s lunch. Stefan K Persson will today on 12 October 2018 present Precise Biometrics’ revised strategy on a Capital Market’s lunch.
Precise Biometrics’ software for fingerprint recognition in mobile devices, Precise BioMatch Mobile has been deployed in Oppo R17, integrated in an optical under-display fingerprint sensor. The integration has been carried out in cooperation with Silead, one of the fingerprint sensor suppliers to Oppo R17. Precise Biometrics projects the integration will generate some royalty revenue from the third quarter of 2018, which will be based on actual sales of fingerprint sensors that utilize Precise BioMatch Mobile.