Precise Biometrics signs license agreement with ELAN
Precise Biometrics has entered an agreement with Taiwanese sensor manufacturer ELAN Microelectronics Corporation for licensing of Precise Biometrics’ product for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile.The license agreement will generate royalty revenue based on sales of fingerprint sensors from ELAN that includes Precise BioMatch Mobile. Royalty revenues are volume dependant and cannot be forecasted at this point. The agreement also includes a limited initial fixed fee for the right to integrate and use Precise BioMatch Mobile and for support & maintenance,