Precise Biometrics enters into agreement with Qualcomm Technologies, Inc. for the licensing of Precise BioMatch™ Mobile
Precise Biometrics, a leader in fingerprint software, has entered into a commercial software license and distribution agreement with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, for the licensing of Precise Biometrics’ algorithm solution for fingerprint recognition, Precise BioMatch Mobile.This agreement includes (i) a per unit license fee, as well as an annual fee, pertaining to the use of Precise BioMatch Mobile based on actual sales of certain fingerprint sensors utilizing said technology, and (ii) an annual fee for support and maintenance. While the per unit