Precise Biometrics signs license agreement with EOSMEM
Precise Biometrics, the leader in fingerprint software, has entered an agreement with EOSMEM, for licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile.The license agreement will generate royalty revenue based on sales of fingerprint sensors from EOSMEM that includes Precise BioMatch Mobile. Royalty revenues are volume dependent and cannot be forecasted. The agreement includes a limited initial fixed fee for the right to integrate and use Precise Biometrics’ software, which will be recognized starting from the second