Precise Biometrics enters into agreement with Samsung Electronics Co., Ltd. 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 Samsung’s System LSI Business, a division within Samsung Electronics Co., Ltd., for the licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.The agreement includes a per unit license fee 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, the fee for support and maintenance will be