Precise Biometrics signs license agreement with J-Metrics

Precise Biometrics has entered an agreement with J-Metrics Technology Co Ltd 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 J-Metrics 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.

“The agreement with J-Metrics further strengthens our local presence in Asia and
our position as the leading independent supplier of fingerprint software for
mobile devices”, says Håkan Persson, CEO of Precise Biometrics.

“The cooperation with Precise Biometrics secures that we can provide a
competitive total solution for fingerprint recognition”, says Stan Liu, CEO at J
-Metrics.

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 8.00 am CET on January 15,
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 J-METRICS
J-Metrics was founded 2008 in Taiwan. J-Metrics is committed to developing small
energy efficient solutions for data storage, fingerprint identification,
microcontrollers, sensors, software and hardware that meets customer’s demands
of convenience and ease of use. For more information, please visit www.j
-metrics.com/en/