Swedish fingerprint firm Precise Biometrics has entered agreement with Chipone for licensing of Precise Biometrics' algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.In a statement, Precise said the license agreement will generate royalty revenue based on sales of fingerprint sensors from Chipone 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 first quarter 2016.”The agreement with Chipone further strengthens our local presence in Asia and our position as the leading 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 JinFang Zhang, CEO at Chipone.
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