Sweden's Precise Biometrics, a fingerprint hardware and software firm, has entered into a licencing agreement with Betterlife.The agreement focuses on 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 HÃ¥kan Persson, CEO of Precise Biometrics.