Precise Biometrics enters licensing agreement with Image Match Design Inc.

Precise Biometrics, a leader in fingerprint software, has entered into a
commercial software license and distribution agreement with Image Match Design
Inc. for the licensing of Precise Biometrics’ algorithm solutions for
fingerprint recognition, Precise BioMatch™ Mobile and Precise BioMatch™
The agreement includes a per unit license fee, an annual licensing fee for the
right to use Precise Biometrics algorithm solutions, 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, Precise Biometrics is
currently projecting that some of the revenue generated under the agreement will
be recognized starting from the fourth quarter of 2016.

“We are pleased that Image Match Design Inc. has chosen our fingerprint software
to provide the best user experience and security of their capacitive fingerprint
solutions. The cooperation strengthens our position as the leader in fingerprint
software”, said Håkan Persson, CEO of Precise Biometrics.

“We are glad to cooperate with Precise Biometrics to enrich iMD’s diverse
product line and hope we can build up positive and strong partnership from now
on”, said Colman Huang, CEO of Image Match Design.

Precise BioMatch™ Mobile (
-technology/precise-biomatch-mobile/) is the industry’s leading algorithm
solution for convenient and secure fingerprint recognition in smartphones and
tablets. The unique and patented hybrid algorithm solution is optimized for
small fingerprint sensors and platforms with limited processing power and
memory. Precise BioMatch Mobile offers fast, accurate, and secure verification
of user’s identity, creating a convenient user experience when unlocking mobile
devices or authenticating to services.

Precise BioMatch™ Embedded (
-technology/precise-biomatch-embedded/) enables convenient and secure
fingerprint authentication in products with small sensors and limited platforms,
such as smart cards, wearables and the Internet of Things.
This information is information that Precise Biometrics AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out below, at 8.00
CEST on October 4, 2016.

Håkan Persson, CEO, Precise Biometrics AB
Phone; +46 46 31 11 05 or +46 734 35 11 05
Precise Biometrics is a market leading supplier of solutions for convenient and
secure authentication of people’s identity. We develop and sell fingerprint
software and mobile smart card readers that provide the market’s best user
experience and security. Our solutions are used hundreds of millions of times
every day by people all over the world and are marketed together with strong
business partners. For more information, please visit;

Taiwan-based Image Match Design Inc. (iMD) is a sensor design company founded in
2011. iMD develops capacitive sensing technology and their mission is to create
innovative technology and convenient sensing experience in a diverse range of