STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Precise Biometrics (STO:PREC):
Precise Biometrics’ product for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile, has through cooperation with Silead been integrated in a new smartphone from an Indian smartphone vendor.
The integration will generate license revenue starting from the fourth quarter 2015. The value of license revenue is based on the number of sensors Silead delivers to the mobile phone manufacturer and cannot be forecasted at this point.
”We are pleased that yet another vendor has chosen Precise BioMatch Mobile. Precise Biometrics fingerprint software is now integrated in products from over 20 vendors and has become the preferred choice to ensure a superior user experience and secure identity verification on mobile devices”, says Håkan Persson, CEO of Precise Biometrics.
Precise BioMatch Mobile (http://precisebiometrics.com/fingerprint-technology/precise-biomatch-mobile/) provides easy integration of fingerprint matching functionality for smartphones and tablets, and is optimized for small touch sensors in mobile environments through a unique patented hybrid algorithm. The software offers fast, accurate, and secure verification of the user’s identity, creating a convenient user experience for consumers when unlocking their mobile device or authenticating to services, while delivering enhanced security.
This press release contains information that Precise Biometrics is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 13.00 pm CET on December 17, 2015.
ABOUT PRECISE BIOMETRICS
Precise Biometrics is a market-leading provider of solutions that prove people's identities through smart cards and fingerprint recognition. The company´s products can be used for ID, enterprise and bank cards as well as access to mobile solutions, computers and networks. Precise Biometrics serves business and government organizations throughout the world and its products are licensed to close to 160 million users. For more information, please visit www.precisebiometrics.com
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