Precise Biometrics enters license agreement with Betterlife

Precise Biometrics, the leader in fingerprint software, has entered an agreement
with Betterlife, for licensing of Precise Biometrics’ algorithm solutions for
fingerprint recognition, Precise BioMatch™ Mobile and Precise BioMatch™
Embedded.
The agreement will generate royalty revenue based on actual sales of fingerprint
sensors by Betterlife that includes Precise Biometrics software. The royalty
revenue is volume dependent and cannot be forecasted at this point. The
agreement also includes a fee for pre-paid royalty and the right to integrate
and use Precise Biometrics’ software, which will be recognized starting from the
third quarter 2016.
“We are pleased to enter this collaboration with Betterlife that further
strengthens our position as the leading supplier of fingerprint software”, said
Håkan Persson, CEO of Precise Biometrics.
Precise BioMatch Mobile (http://precisebiometrics.com/fingerprint
-technology/precise-biomatch-mobile/) is the industry’s leading algorithm
solution for convenient and secure fingerprint recognition in smartphones and
tablets. The unique and patented hybrid algorithm solution is optimized for
small fingerprint sensors and platforms with limited processing power and
memory. Precise BioMatch Mobile offers fast, accurate, and secure verification
of user’s identity, creating a convenient user experience when unlocking mobile
devices or authenticating to services.
Precise BioMatch™ Embedded (http://precisebiometrics.com/fingerprint
-technology/precise-biomatch-embedded/) enables convenient and secure
fingerprint authentication in products with small sensors and limited platforms,
such as smart cards, wearables and the Internet of Things.
This information is information that Precise Biometrics AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out below, at 8.00
CEST on July 5, 2016.
FOR MORE INFORMATION, PLEASE CONTACT
Håkan Persson, CEO, Precise Biometrics AB
Tel. 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 supplier of solutions for convenient and
secure authentication of people’s identity. We develop and sell fingerprint
software and mobile smart card readers that provide the market’s best user
experience and security. Our solutions are used hundreds of millions of times
every day by people all over the world and are marketed together with strong
business partners. For more information, please visit www.precisebiometrics.com