Tuesday, November 8, 2016

Precise Biometrics in the agreements with Samsung – the world of Business

Precise Biometrics has entered into a commercial license and distribution agreement with Samsung for the licensing of the company’s algoritmlösning for fingerprint recognition in mobile devices, Precise Biomatch Mobile. It is clear from a press release.

the Agreement includes licensing fees per unit sold fingerprint sensor and an annual fee for support and maintenance. The license fee per sensor is volume-based and can not be predicted in the present situation, while the fee for support and maintenance is estimated to provide revenues starting in the fourth quarter of 2016.

“We are very pleased that Samsung Electronics Co., Ltd. have chosen our fingeravtrycksmjukvara to provide the best user experience and the security of their fingeravtryckslösningar when they are now on the market for fingeravtryckssensorer. Cooperation creates additional growth opportunities for us and further strengthens our position as the leading supplier of fingeravtrycksmjukvara”, says Håkan Persson, ceo of Precise Biometrics.

the Share soars by over 30%.


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