YEAR-END REPORT FOR THE PERIOD JANUARY TO DECEMBER 2019
Precise has entered into a partnership with Innovatrics, one of the leading biometric solutions providers in the world. Innovatrics will be the provider of face recognition technology to Precises products in the Digital Identity business area. The collaboration supports Precise ambition to deliver world-leading biometric identification software that makes people’s everyday lives easier.
Precise has successfully integrated passive liveness detection – in addition to facial recognition – to its identification software for access control systems. The technology behind the product is based on artificial intelligence, which confirms both the user’s identity and liveness through its unique facial features, and conveniently and securely grant access for the user.
INTERIM REPORT FOR THE PERIOD JULY – SEPTEMBER 2019
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.
Precise expands its offering for secure digital identity, Precise YOUNiQ to include convenient and secure biometric access to facilities. The technology behind the service is based on artificial intelligence, which confirms the individual’s identity through its unique facial features. Precise YOUNiQ integrates facial recognition with the door access system to conveniently and securely grant access for employees and visitors to offices and restricted facilities.
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 BioMatch® Card is through its partnership with NXP integrated in the first biometric product, a secure processing module for smart cards, to receive MasterCard CAST Certificate.