August 30, 2015 -
Precise Biometrics announced it has entered an agreement with Taiwanese sensor manufacturer JP Sensor Corporation to license the company’s fingerprint recognition products, Precise BioMatch Embedded and Precise BioMatch Mobile.
Under the license agreement, Precise Biometrics will receive royalty revenue based on sales of fingerprint sensors from JP Sensor that includes Precise BioMatch Embedded or Precise BioMatch Mobile.
The royalties are based on volume and cannot yet be determined .The agreement also includes a limited initial fixed fee for the right to integrate and use Precise Biometrics’ software and for support and maintenance, which will be recognized starting in the third quarter of 2015.
“JP Sensor is among other things developing smart cards with integrated touch sensors, initially targeting Chinese banks,” said Håkan Persson, CEO of Precise Biometrics. “This is an ideal application for our fingerprint authentication software Precise BioMatch Embedded. The agreement also includes our software Precise BioMatch Mobile, which further strengthens our position as the leading supplier of fingerprint technology software for mobile devices. We welcome JP Sensor as a partner and appreciate the trust they put in us by selecting our products.”
Precise BioMatch Embedded provides easy integration of fingerprint matching functionality for various environments and applications through its patented hybrid algorithm.
Meanwhile, Precise BioMatch Mobile enables smartphones and tablet makers to easily integrate fingerprint matching functionality into their devices, and is optimized for small touch sensors in mobile environments through its patented hybrid algorithm.
Both software quickly, accurately, and securely verifies the user’s identity, providing a seamless user experience when unlocking a device or authenticating to services, while delivering improved security.
JP Sensor is developing a range of fingerprint authentication systems with integrated embedded CPUs targeting applications such as smart cards, safety boxes, door locks and suitcases.
Previously reported, Precise Biometrics and Fingerprint Cards (FPC) are providing the fingerprint technology for three QiKu smartphones.