Precise Biometrics expands licensing agreement with Crossmatch
Precise Biometrics has expanded its licensing agreement for Precise BioLive anti-spoof technology with Crossmatch.
The previous license agreement with Crossmatch, which was transferred to Precise Biometrics as part of the acquisition of NexID Biometrics in February 2017, covered anti-spoof technology for 4-finger scanners.
This agreement enables Crossmatch to continuously enhance the security of its single fingerprint scanners through liveness detection and 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 fingerprint scanners from Crossmatch that utilize Precise BioLive.
Håkan Persson, CEO of Precise Biometrics, said that the company is “… pleased to expand the cooperation with Crossmatch beyond the existing relationship for livescan anti-spoof technology.”