Precise Biometrics signs license agreement with Gingytech

Precise Biometrics has entered an agreement with Gingy Technology Co. for
licensing of Precise Biometrics’ product for fingerprint recognition, Precise
BioMatch™ Mobile.
The license agreement will generate royalty revenue based on sales of
fingerprint sensors from Gingytech that includes Precise BioMatch Mobile.
Royalty revenues are volume dependant and cannot be forecasted at this point.
The agreement includes a limited initial fixed fee for the right to integrate
and use Precise Biometrics’ software and for support & maintenance, which will
be recognized starting from the fourth quarter 2015.

“Gingytech is an innovative company with an interesting hybrid fingerprint
sensor technology. The agreement with Gingytech strengthens our position as the
leading independent supplier of fingerprint software for mobile devices”, says
Håkan Persson, CEO of Precise Biometrics.

“The combination of our hybrid fingerprint sensor technology and Precise
Biometrics’ industry leading fingerprint recognition software enables high
performance fingerprint authentication for smartphones”, says Jason Wu, CEO at
Gingytech.

Precise BioMatchTM Mobile (http://precisebiometrics.com/fingerprint
-technology/precise-biomatch-mobile/) provides easy integration of fingerprint
matching functionality for smartphones and tablets, and is optimized for small
touch sensors in mobile environments through a unique patented hybrid algorithm.
The software offers fast, accurate, and secure verification of the user’s
identity, creating a convenient user experience for consumers when unlocking
their mobile device or authenticating to services, while delivering enhanced
security.

This press release contains information that Precise Biometrics is required to
disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980).
The information was submitted for publication at 13.00 pm CET on January 13,
2016.

FOR FURTHER INFORMATION, PLEASE CONTACT
Håkan Persson, CEO, Precise Biometrics AB
Telefon; +46 46 31 11 05 or +46 734 35 11 05
 E-mail; hakan.persson@precisebiometrics.com
ABOUT PRECISE BIOMETRICS
Precise Biometrics is a market-leading provider of solutions that prove people's
identities through smart cards and fingerprint recognition. The company´s
products can be used for ID, enterprise and bank cards as well as access to
mobile solutions, computers and networks. Precise Biometrics serves business and
government organizations throughout the world and its products are licensed to
close to 160 million users. For more information, please visit
www.precisebiometrics.com

ABOUT GINGYTECH
Established in 2008, Gingytech has been devoted to develop and research a new
innovative fingerprint sensor technology, hybrid fingerprint sensors. This
technology allows fingerprint recognition with wet fingertips, and detecting
fingertip blood oxygen saturation as biopsy confirmation; moreover it offers a
great solution for under glass placement. For more information, please visit;
www.gingytech.com.tw/en/