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Precise Biometrics' algorithm solution Precise BioMatch Mobile deployed in smartphone from Chinese vendor.

M2 EQUITYBITES-December 1, 2016-Precise Biometrics' algorithm solution Precise BioMatch Mobile deployed in smartphone from Chinese vendor

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Precise Biometrics AB (STO: PREC) announced on Wednesday that its algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile, has been deployed in a recently launched smartphone from a Chinese vendor through cooperation with Chipone.

According to Precise Biometrics, it is currently projecting that this integration will generate royalty revenues starting from the fourth quarter of 2016. Royalty revenues are based on actual sales of fingerprint sensors that utilise Precise BioMatch Mobile and cannot be forecasted by Precise Biometrics at this point.

Precise BioMatch Mobile is a leading algorithm solution for convenient and secure fingerprint recognition on smartphones and tablets. The unique and patented hybrid algorithm solution is optimised for small fingerprint sensors and platforms with limited processing power and memory space, the company added.

Precise Biometrics is a provider of solutions that prove people's identities through smart cards and fingerprint recognition.

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Publication:M2 EquityBites (EQB)
Date:Dec 1, 2016
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