STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Precise Biometrics (STO:PREC) announced today the deployment of Precise BioMatch Mobile in a new smartphone from a Chinese OEM. Precise BioMatch Mobile is Precise Biometrics’ fingerprint recognition algorithm for mobile devices. For this deployment, Precise BioMatch Mobile will be used in conjunction with Qualcomm® Snapdragon Sense™ ID 3D fingerprint technology.
Precise Biometrics is currently projecting this deployment of Precise BioMatch Mobile will generate royalty revenue starting from the third quarter of 2016. Royalty revenue, is based on sales of fingerprint sensors that utilize Precise BioMatch Mobile and cannot be forecasted by Precise Biometrics at this point.
Precise BioMatch Mobile (http://precisebiometrics.com/fingerprint-technology/precise-biomatch-mobile/) is the industry’s leading algorithm solution for convenient and secure fingerprint recognition in smartphones and tablets. The unique and patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory. Precise BioMatch Mobile offers fast, accurate, and secure verification of user identity, creating a more convenient experience when unlocking mobile devices or authenticating user services.
Precise Biometrics AB is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below at 08.30 CEST on September 28, 2016.
ABOUT PRECISE BIOMETRICS
Precise Biometrics is a market leading supplier of solutions for convenient and secure authentication of people’s identity. We develop and sell fingerprint software and mobile smart card readers that provide the market’s best user experience and security. Our solutions are used hundreds of millions of times every day by people all over the world and are marketed together with strong business partners. For more information, please visit; http://precisebiometrics.com/
Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Snapdragon Sense is a trademark of Qualcomm Incorporated. Qualcomm Snapdragon Sense ID 3D fingerprint is a product of Qualcomm Technologies, Inc.
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