Precise Biometrics enters extended licensing agreement with an existing sensor customer that guarantees license revenues of minimum 17.5 million SEK
Precise Biometrics, a leader in fingerprint software, has entered an extended software license and distribution agreement with an existing sensor customer that guarantees total license revenues of a minimum of 17.5 million SEK during 2017 and 2018 for the use of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.The extended licensing agreement includes a fee of 17.5 million SEK for a set number of licenses of Precise BioMatch Mobile over a two-year period and replaces the existing agreement during this period, which guaranteed