Precise Biometrics handelsstoppades at 13.50 o’clock on Monday, after the share during the day has risen to 15.5 per cent in high turnover.
At four o’clock presented biometribolaget an expanded license agreement that provides a guaranteed licensintäkt if a total of at least 17.5 million sek in 2017 and 2018.
the Agreement includes the licensing of the company’s algoritmlösning for fingerprint recognition in mobile devices, Precise Biomatch Mobile.
In detail, it provides extended the license agreement revenues of 17.5 million for a predetermined number of licenses for a period of two years and supersedes the existing agreement during this period as a guaranteed revenue equivalent to 1.5 million for the right to use the Precise Biometrics software. The new agreement will be recognized as income evenly during 2017 and 2018.
the Agreement will generate additional revenue, provided that the customer’s sales volumes exceed the number of the predestined licenses in the agreement.
the Agreement was signed in the day
Precise Biometrics has signed the extended license and distribution agreement with an existing customer “during the day,” says the company’s president and ceo, Håkan Persson to News agency Directly on Monday afternoon.
Precises share rushed at lunchtime and handelsstoppades just before the clock 14. Then the share was up nearly 16 per cent. At 15.50 announced the Precise market about the agreement, which provides a guaranteed licensintäkt if a total of at least 17.5 million sek in 2017 and 2018.
“We intend to release a press release about this. If at the time the information leaked to the market in advance is something the stock exchange’s supervision get to look at”, says Håkan Persson.
Håkan Persson believes that it is not relevant for the market which the customer of the extended agreement was signed with and do not, therefore, comment further on this.
you Can still say that it is not the Samsung?
“No, we does not comment on it at all”, says Håkan Persson.
Trade in Precise Biometrics resumed at 16.20. After a few minutes of trading, the share price had gone down from dagshögsta and was listed at +12% for the day.