AuthenticID licenses portfolio of payment authentication patents

AuthenticID has licensed a key portfolio of multimodal, payment authentication patent license from Collective Dynamics for the exclusive use with its identity validation payments platform. Collective Dynamics said the latest ‘Biometric + PIN on Glass’ patent that emphasizes a ‘device as an authenticator model’ brings the total number of the company’s patents licensed under the agreement to five issued and allowed patents. Together, the patents address key, payment-processing industry emerging trends, vulnerabilities and use cases and specifically target the flaws

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

Qualcomm Mobile Security to license EyeLock iris authentication technology

EyeLock LLC has entered into a license agreement with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, for Qualcomm Mobile Security. Under the agreement, EyeLock is developing iris authentication solutions that are designed to work with Qualcomm Mobile Security and enable OEMs across the entire IoT scope to benefit from EyeLock’s iris authentication capabilities. “This agreement is a great acknowledgement of the quality and capability of our technology and an indication of the growing demand for increased security and convenience

O-FILM licenses Precise Biometrics’ algorithm solution for fingerprint recognition

Precise Biometrics has entered into a commercial software license and distribution agreement with Chinese module house O-FILM for the licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. The patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory. The agreement generates royalty revenues based on O-Film’s sales of fingerprint identification modules with Precise BioMatch Mobile for one of their sensor partners. “We are pleased that

Precise Biometrics enters licensing agreement with Korean sensor manufacturer MELFAS

Precise Biometrics has entered into a commercial software license and distribution agreement with Korean sensor manufacturer MELFAS 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 includes a per unit license fee, an annual fee for the right to use Precise Biometrics algorithm solution and a fee for support and maintenance. Initial revenues generated under the agreement

Sonavation licensing its ultrasonic biometric sensor technology to Analog Devices

Sonavation has entered a commercial licensing agreement with Analog Devices, Inc. (ADI) for its ultrasonic biometric sensor technology. Leveraging Sonavation’s research in ultrasound and ADI’s semiconductor technology and manufacturing expertise, the companies will develop and deliver complete biometric system solutions for markets where secure authentication is essential. “We are excited to enter into this agreement with ADI, which will strengthen and expand our global presence,” Karl Weintz, Sonavation CEO said. “Sonavation is poised to revolutionize the ecosystem of connected devices

Precise Biometrics licensing BioMatch Mobile to ZEITEC

Precise Biometrics announced that ZEITEC has signed an agreement to license its Precise BioMatch Mobile algorithm solution for fingerprint recognition in mobile devices. The agreement, which includes a per unit license fee and annual fees, grants ZEITEC the right to use Precise Biometrics algorithm solution as well as access to support and maintenance. Precise Biometrics is currently projecting that some initial revenue generated under the agreement will be recognized starting from the first quarter of 2017. The per unit license

NXP enhances fingerprint reader security with Precise Biometrics’ software

Precise Biometrics and NXP Semiconductors have signed a framework agreement covering Precise Biometrics fingerprint software. NXP will enhance its fingerprint reader security by integrating Precise Biometrics’ BioMatch fingerprint recognition software. The first business agreement under the framework agreement covers licensing of fingerprint software for embedding into NXP´s fingerprint reader products. The business agreement includes a per unit license fee, a fee for support and maintenance and a fee for non-recurring engineering efforts. Initial revenues generated under the agreement will be

Extended licensing agreement guarantees almost $2M US for Precise Biometrics

Precise Biometrics has entered into an extended software license and distribution agreement with an existing sensor customer that guarantees minimum total license revenues of 17.5 million SEK ($1.98M USD) during 2017 and 2018 for the use 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 extended licensing agreement includes a fee of 17.5 million SEK for a set number of licenses

Precise Biometrics enters licensing agreement with Image Match Design

Precise Biometrics has entered into a commercial software license and distribution agreement with Image Match Design (iMD) for the licensing of Precise Biometrics’ algorithm solutions for fingerprint recognition, Precise BioMatch Mobile and Precise BioMatch Embedded. The agreement includes a per unit license fee, an annual licensing fee for the right to use Precise Biometrics algorithm solutions, and an annual fee for support and maintenance. Precise Biometrics is currently projecting that some of the revenue generated under the agreement will be