October 7, 2013 -
Precise Biometrics has just announced that a smartphone with its Precise BioMatch Mobile algorithm has been introduced to the Asian market.
This is the first of such announcements from the company, which in August, entered into an agreement with Fingerprint Cards to integrate the BioMatch algorithm into FPC sensors.
“We are now seeing the result of our partnership with FPC and we are very pleased that our world-leading technology has been introduced into the smart phone market. It is exciting that it will be available in Asia, which is where the majority of mobile phone manufacturers expected to integrate fingerprint sensors are located,” Patrik Lindeberg, COO at Precise Biometrics said.
According to the company, BioMatch Mobile is based on the same algorithm that was top ranked in MINEX and Ongoing MINEX, tests conducted by NIST. This algorithm is optimized for smart phones and tablets with integrated fingerprint sensors and can handle rotated fingerprints.
Precise launched the BioMatch algorithm earlier this year, targeting Android devices.
This is a smart move for Precise, which has seen much of its growth come from its Tactivo card reader for iPad and iPhone. Considering Apple’s Touch ID sensor has not yet been opened to third-party apps, this may still be a viable segment for Precise Biometrics, though that could change if Apple opens access to its embedded sensor.
That being said, Apple’s iPhone 5S has had an overall positive effect on the Precise Biometrics share price. Since Apple’s major AuthenTec acquisition, shares of Precise Biometrics have nearly doubled in price.