J-Metrics to license Precise Biometrics’ product for fingerprint recognition
The license agreement will generate royalty revenue based on sales of fingerprint sensors from J-Metrics that include Precise BioMatch Mobile.
Håkan Persson, CEO of Precise Biometrics, commented on the deal. “The agreement with J-Metrics further strengthens our local presence in Asia and our position as the leading independent supplier of fingerprint software for mobile devices.”
J-Metrics develops small energy efficient solutions for data storage, fingerprint identification, microcontrollers, sensors, software and hardware.
“The cooperation with Precise Biometrics secures that we can provide a competitive total solution for fingerprint recognition,” said Stan Liu, CEO at J-Metrics.
The agreement includes a limited initial fixed fee for the right to integrate and use Precise Biometrics’ software and for support & maintenance, which will be recognized starting from the fourth quarter of 2015.
Royalty revenues are volume dependant and cannot be forecasted at this point.