Precise extends licensee agreement with Egis Technology

Precise today announced that it has signed an extended licensee agreement with the leading fingerprint sensor supplier, Egis Technology (“Egis”). Following the agreement, Precise is entitled to royalties based on actual number of devices utilizing Precise identification software for mobile devices, together with licensee fees and fees for support and maintenance. For 2020, the total revenues from Egis is expected to amount to approximately 60 MSEK.

Precise to collaborate with Infinity Optics Solutions

Precise has signed a collaboration agreement with the leading biometric cryptography company Infinity Optics (“IO”), to develop secure identification software for fingerprint recognition based on so called true biometric hash technology. The technology enables identification without the need to store user’s reference image, minimizing the risks of identity fraud and data breaches.