Precise Biometrics signs license agreement with Cypress

Precise Biometrics has entered an agreement with Cypress Semiconductor Corp.
(NASDAQ: CY) for licensing of Precise Biometrics’ products for fingerprint
recognition, Precise BioMatch™ Mobile and Precise BioMatch™ Embedded.
The license agreement will generate royalty revenue based on sales of
fingerprint sensors from Cypress that includes Precise BioMatch Mobile or
Precise BioMatch Embedded. Royalty revenues are volume dependant and cannot be
forecasted at this point. The agreement includes a limited initial fixed fee for
the right to integrate and use Precise Biometrics’ software and for support &
maintenance, which will be recognized starting from the third quarter 2015.

“The agreement with Cypress strengthens our position as the leading supplier of
fingerprint software for mobile and embedded devices. Cypress is a leading
supplier of user interface solutions, and we are pleased to be part of their
impressive product portfolio”, says Håkan Persson, CEO of Precise Biometrics.

“Fingerprint biometrics for user authentication on smartphones is becoming
increasingly important as users expand the amount of personal and financial data
stored on their devices,” said Hassane El-­Khoury, Executive Vice President of
the Programmable Solutions Division at Cypress. “The combination of the superior
image quality of our TrueTouch® Fingerprint Reader and the accuracy of Precise
Biometrics’ fingerprint recognition software enables industry-­leading
authentication performance for smartphones.”

Precise BioMatch Mobile (http://precisebiometrics.com/fingerprint
-technology/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.
Precise Biometrics also offers fingerprint technology to embedded solutions.
Precise BioMatch™ Embedded (http://precisebiometrics.com/fingerprint
-technology/precise-biomatch-embedded/) provides easy integration of fingerprint
matching functionality for numerous environments and applications.

Cypress’s TrueTouch® Fingerprint Reader is designed to bring reliable, easy-­to
-­use user authentication to smartphones, tablets, wearables and other mobile
devices. The solution uses proprietary sensing circuitry and a unique touch
sensor design to provide best-­in-­class fingerprint image quality and pattern
matching accuracy—improving security and delivering a superior user experience.
The flexible solution enables designers to create custom home buttons with
specialized shapes and sizes or to integrate the sensor into any mobile device’s
industrial design or home button.

This press release contains information that Precise Biometrics is required to
disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980).
The information was submitted for publication at 08.00 am CEST on October 20,
2015.

FOR FURTHER INFORMATION, PLEASE CONTACT
Håkan Persson, CEO, Precise Biometrics AB
Telefon; +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

ABOUT CYPRESS
Cypress (NASDAQ: CY) delivers high-­performance, high-­quality solutions at the
heart of today’s most advanced embedded systems, from automotive, industrial and
networking platforms to highly interactive consumer and mobile devices. With a
broad, differentiated product portfolio that includes NOR flash memories, F
-­RAM™ and SRAM, Traveo™ microcontrollers, the industry’s only PSoC®
programmable system-­on-­chip solutions, analog and PMIC Power Management ICs,
CapSense® capacitive touch-­sensing controllers, and Wireless BLE Bluetooth Low
-­Energy and USB connectivity solutions, Cypress is committed to providing its
customers worldwide with consistent innovation, best-­in-­class support and
exceptional system value. To learn more, go to www.cypress.com.