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 Haptrics that utilize Precise Biometrics algorithm solution.
Last week it was announced that 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.