Precise Biometrics enters into agreement with ZEITEC 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 ZEITEC 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 annual fee´s for the right to use Precise Biometrics algorithm solution and for support and maintenance. Precise Biometrics is currently projecting that some initial revenue generated under the agreement will be recognized starting from the first quarter of 2017. The per