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.

Additional integration of Precises’ fingerprint software in collaboration with Egis Technology

In collaboration with the leading fingerprint sensor supplier Egis Technology (Egis), Precises’ software for fingerprint recognition in mobile devices – Precise BioMatch Mobile – has been deployed in a series of smartphones. The integration – in addition to the previous integration that was communicated on August 5th, 2019 – is expected to generate approximately 15 MSEK in revenue.

Precises’ fingerprint software deployed in a series of mobile devices – first integration with Asian partner Egis Technology

Precises’ software for fingerprint recognition in mobile devices, Precise BioMatch® Mobile has been deployed in a series of devices, integrated in an optical under-display fingerprint sensor from the leading fingerprint sensor supplier Egis Technology (Egis). Following the licensee agreement with Egis, the integration is expected to generate approximately 10 MSEK in revenue during second half of 2019, in the form of royalties based on actual number of devices utilizing Precise BioMatch Mobile, together with a fee for licensing the software and for support and maintenance.

Precise signs license agreement with a leading sensor supplier

Precise Biometrics has signed a license agreement with a leading fingerprint sensor supplier from Asia. The agreement enables the sensor supplier to include Precises’ fingerprint software, Precise BioMatch Mobile, into their under-display sensor solutions for mobile devices.

Resolutions at Precise Biometrics’ annual general meeting 2019

At the Annual General Meeting (the “AGM”) of Precise Biometrics, which was held today on Wednesday May 15, Torbjörn Clementz, Torgny Hellström, Mats Lindoff and Synnöve Trygg were re-elected Board members and Åsa Schwarz was elected new Board member. The AGM also resolved on the implementation of an incentive program for the company’s CEO and CFO.

Precise Biometrics publishes the annual report for 2018

Precise has published the annual report for 2018 on its website. The annual report is available at https://precisebiometrics.com/investor/financial-information/reports/where it can be downloaded and printed.