STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile, has through cooperation with Fingerprint Cards been integrated in a smartphone from a new Chinese vendor.
The integration will generate royalty revenue starting from the second quarter 2016. Royalty revenues are based on the number of sensors Fingerprint Cards delivers to the device manufacturer and cannot be forecasted.
”We are pleased that this new vendor has integrated Precise BioMatch Mobile in its first smartphone with fingerprint technology. Precise Biometrics fingerprint software is integrated in products from over 30 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/) is the industry leading algorithm solution for convenient and secure fingerprint recognition on smartphones and tablets. The unique and patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory space. Precise BioMatch Mobile offers fast, accurate, and secure verification of user’s identity, creating a convenient user experience when unlocking mobile devices or authenticating to services.
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 14.00 CEST on June 13, 2016.
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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