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.
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.
INTERIM REPORT FOR THE PERIOD APRIL – JUNE 2019
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 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.
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.
INTERIM REPORT FOR THE PERIOD JANUARY TO MARCH 2019
Welcome to attend the Annual General Meeting (the “AGM”) of Precise Biometrics AB, Reg. No. 556545-6595, to be held at 4.00 p.m. on Wednesday May 15, 2019 at Mobile Heights, Mobilvägen 10 in Lund, Sweden. Registration for the meeting will start at 3.30 p.m.
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.