Precise Biometrics signs license agreement with Chipone
Precise Biometrics, the leader in fingerprint software, has entered an agreement with Chipone 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 Chipone that includes Precise BioMatch Mobile. Royalty revenues are volume dependant and cannot be forecasted at this point. The agreement includes a limited initial fixed fee for the right to integrate and use Precise Biometrics’ software and for support & maintenance, which