BIO-key updates fingerprint algorithm, biometric service platform

BIO-key has released updates of its WEB-key biometric service platform and fingerprint algorithm software. New features in WEB-key 4.0 include support for one-time passwords, proximity cards, security questions, passwords and PINs, support for Chrome, Microsoft Edge, Internet Explorer and Firefox browsers, an updated user interface for customization and branding, support for device based authentication via Windows Biometric Framework, and expanded audit logs. BIO-key’s NIST-tested, core fingerprint algorithm VST has also been updated to include Windows, MAC OS X, and Linux

Precise Biometrics appoints new CEO

Precise Biometrics has appointed Stefan K Persson CEO. Current CEO Håkan Persson has resigned effective immediately. Stefan K Persson is currently an EVP with the Bang Olufsen Group and will assume his new position by August 1, 2018. Until then Göran Thuresson, CFO, be acting CEO with Torgny Hellström as Executive Chairman. “I am very pleased to be part of Precise Biometrics future journey and drive the company to the next level,” said Persson. “Biometrics is an extremely interesting area

FDLE certifies Fulcrum Biometrics FbF LiveScan software

Fulcrum Biometrics‘ FbF LiveScan software has been certified as an approved product by the Florida Department of Law Enforcement (FDLE), offering an economical alternative to Florida-based organizations that do background checks. According to Ken Nosker, president of Fulcrum Biometrics, the certification demonstrates “our commitment to providing state-of-the-art live scan solutions for criminal booking and applicant background checking across the United States and beyond.” FbF LiveScan is a live scan software application that is integrated with the Green Bit Dactyscan84c. The

BIO-key wins $4 million enterprise software contract

BIO-key recently won a $4 million software order for its enterprise fingerprint biometric authentication platform, including maintenance, from an existing Fortune 500 customer. The customer initially deployed BIO-key products last year to protect its customer records with strong authentication for its several hundred thousand global personnel. The initial license revenue of $2.5 million was expected in the quarter ending December 31, 2017, with the remainder coming over the next three years. “Following the success of last year’s initial one-year enterprise

Precise Biometrics and FPC technology featured in smart card demos by ManeulLab

South Korea’s ManeulLab recently showcased a range of smart card versions at the Trustech event in Cannes which featured the 1300 series of fingerprint sensors by Fingerprint Cards and Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded. ManeulLab is an innovator in the smart cards market and has a range of card versions combining several functions with an integrated fingerprint sensor on them which can be used as payment, access or ID cards. These cards

Precise Biometrics revises full-year 2017 revenue from $9.9 M to $8.4 M

Precise Biometrics has revised its revenue guidance for the full-year 2017 from its previous guidance of around SEK 83 million (US$9.9 million) to revenues in the range of SEK 60-70 million (US$7.2-8.4 million). The company attributes the lower revenue projections to the strong competitive landscape of its customers, which has prevented them from increasing sales in line with Precise Biometrics’ previous projections. As a result of the weaker sales development, Precise Biometrics will show an operating loss. This deviates from

Aware reports $5.9 M revenue in Q3 2017

Aware, Inc. reported financial results for Q3 2017, in which the company earned revenue of $5.9 million — the exact same revenue it reported for Q3 2016. Meanwhile, operating income in Q3 2017 was $1.7 million compared to $2.3 million in Q3 2016. The company attributes this decline primarily to higher research and development expenses, as well as lower patent related income from an unaffiliated third party. Net income in Q3 2017 was $1.2 million, compared to $1.6 million in

Precise Biometrics upgrades its fingerprint solution for smart cards

Precise Biometrics has upgraded its market-leading fingerprint solution for smart cards. In an effort to lower total product costs, Precise BioMatch Embedded now supports even smaller fingerprint sensors with an area down to 30 mm2 and constrained MCU’s that enable power efficient biometric smart cards, while meeting the biometric performance requirements set by the payment card industry. In addition to supporting even smaller fingerprint sensors, Precise BioMatch Embedded offers the highest security in fingerprint authentication by addressing both biometric performance

Precise Biometrics enters licensing agreement with sensor manufacturer Haptrics

Precise Biometrics has entered into a commercial software license and distribution agreement with Korean sensor manufacturer Haptrics for the licensing of Precise BioMatch Mobile. Precise BioMatch Mobile is a patented hybrid algorithm solution optimized for small fingerprint sensors and platforms with limited processing power and memory space. The agreement gives Precise Biometrics annual revenues for the right to use the company’s algorithm solution and for support. The agreement also generates licensing revenues based on the number of sold sensors from

Precise Biometrics algorithm solution integrated in CardLab biometric card reference design

Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, wearables and IoT, Precise BioMatch Embedded, has been integrated in a biometric card reference design from CardLab. The integration is a result of the cooperation with Fingerprint Cards who recently announced that its T-Shape module has been integrated in CardLab’s biometric card reference design. In February 2017, CardLab was granted support from the EU Commission under the Horizon 2020 program with the scope to embed a fingerprint sensor solution in