Precise Biometrics signs license agreement with ELAN

Precise Biometrics has entered an agreement with Taiwanese sensor manufacturer
ELAN Microelectronics Corporation for licensing of Precise Biometrics’ product
for fingerprint recognition in mobile devices, Precise BioMatch™ Mobile.
The license agreement will generate royalty revenue based on sales of
fingerprint sensors from ELAN that includes Precise BioMatch Mobile. Royalty
revenues are volume dependant and cannot be forecasted at this point. The
agreement also includes a limited initial fixed fee for the right to integrate
and use Precise BioMatch Mobile and for support & maintenance, which will be
recognized starting from the third quarter 2015.
”The agreement with ELAN further strengthens our position as the leading
supplier of software for fingerprint authentication for mobile devices. We
welcome ELAN as a partner and appreciate the trust they put in us by selecting
our products”, says Håkan Persson, CEO of Precise Biometrics.

In a recent market analysis of fingerprint biometrics for mobile devices, Frost
& Sullivan praised Precise BioMatch Mobile for providing superior fingerprint
authentication for smartphones and tablets. As a result, Precise Biometrics was
awarded (http://precisebiometrics.com/news/2015/04/frost-sullivan-awards-leader
-in-fingerprint-biometrics/) the “2015 Global Frost & Sullivan Award for
Customer Value Leadership in fingerprint biometrics for mobile devices”.
Precise BioMatch Mobile provides easy integration of fingerprint matching
functionality for smartphones and tablets, and is optimized for small touch
sensors in mobile environments through a unique patented hybrid algorithm. The
software offers fast, accurate, and secure verification of the user’s identity,
creating a convenient user experience for consumers when unlocking their mobile
device or authenticating to services, while delivering enhanced security.
For more information about ELAN, please visit http://www.emc.com.tw/eng/
FOR MORE INFORMATION, PLEASE CONTACT
Håkan Persson, CEO, Precise Biometrics AB
Tel. 46 46 31 11 05 or 46 734 35 11 05
E-mail hakan.persson@precisebiometrics.com
ABOUT PRECISE BIOMETRICS
Precise Biometrics is a market-leading provider of solutions that prove people's
identities through smart cards and fingerprint recognition. The company´s
products can be used for ID, enterprise and bank cards as well as access to
mobile solutions, computers and networks. Precise Biometrics serves business and
government organizations throughout the world and its products are licensed to
close to 160 million users. For more information, please visit
www.precisebiometrics.com