Precise Biometrics enters licensing agreement with Image Match Design Inc.
Precise Biometrics, a leader in fingerprint software, has entered into a commercial software license and distribution agreement with Image Match Design Inc. for the licensing of Precise Biometrics’ algorithm solutions for fingerprint recognition, Precise BioMatch™ Mobile and Precise BioMatch™ Embedded.The agreement includes a per unit license fee, an annual licensing fee for the right to use Precise Biometrics algorithm solutions, and an annual fee for support and maintenance. While the per unit license fee is volume dependent and cannot be forecasted by Precise Biometrics at this point,