Precise Biometrics’ algorithm solution deployed in new smartphone
Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile, has been deployed in a recently launched smartphone from a Chinese vendor through cooperation with fingerprint sensor manufacturer Silead.
The patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory space.
The license agreement with Silead dates back to 2015 and generates royalty revenue based on sales of fingerprint sensors from Silead that includes Precise BioMatch Mobile. The company is projecting the integration will generate royalty revenue starting from the second quarter of 2017.
Earlier this month, Precise detailed the agenda for its upcoming annual general meeting which will focus on establishing guidelines for management remuneration, the issuance of shares and/or convertible bonds, and an employee incentive program, among other issues.