The license agreement enables Silead to include Precise Biometrics´ fingerprint software, Precise BioMatch Mobile into their fingerprint sensor portfolio.”The agreement with Silead further strengthens our position as a leading supplier of fingerprint algorithms that provide convenient and secure identity authentication for mobile and embedded devices. This is yet another important step to commercialize our fingerprint technology”, says Håkan Persson, CEO of Precise Biometrics.The license agreement will generate royalty revenue based on sales of fingerprint sensors from Silead that includes Precise BioMatch Mobile. Royalty revenues are volume dependant and cannot be forecasted at this point. The agreement also includes a limited initial fixed fee for the right to integrate and use Precise BioMatch Mobile and for support & maintenance, which will be recognized starting from the second quarter 2015.In a recent market analysis of fingerprint biometrics for mobile devices, research group Frost & Sullivan praised Precise BioMatch Mobile for providing superior fingerprint authentication for smartphones and tablets.
Precise Biometrics inks license deal with Silead
