Precise Biometrics strengthens local presence in Asia; signs license agreement with Chipone
Precise Biometrics has entered into an agreement with Chipone for licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.
Precise BioMatch Mobile is a patented algorithm solution for secure fingerprint recognition on smartphones and tablets and is optimized for small fingerprint sensors and platforms with limited processing power and memory space.
“The cooperation with Precise Biometrics secures that we can provide a competitive total solution for fingerprint recognition,” says JinFang Zhang, CEO at Chipone.
The license agreement will generate royalty revenue based on sales of fingerprint sensors from Chipone that includes Precise BioMatch Mobile.
The agreement 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 from the first quarter 2016.
“The agreement with Chipone further strengthens our local presence in Asia and our position as the leading supplier of fingerprint software for mobile devices,” says Håkan Persson, CEO of Precise Biometrics.
Earlier this month, Precise Biometrics expanded its licensing agreement with Fingerprint Cards to include Precise BioMatch Embedded for smart cards. Precise BioMatch Embedded is an algorithm solution that offers secure fingerprint recognition for products with small fingerprint sensors and platforms that have limited processing power and memory space, such as smart cards, wearables, locks and cars.