Precise Biometrics enters license agreement with InvenSense, Inc.

Precise Biometrics, a leader in fingerprint software, has entered into a
commercial software license and distribution agreement with InvenSense, Inc. for
the licensing of Precise Biometrics’ algorithm solutions for fingerprint
recognition, Precise BioMatch Mobile and Precise BioMatch Embedded.
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 InvenSense, Inc. has chosen our fingerprint software to
provide the best user experience and security of their ultrasonic fingerprint
solutions. The cooperation strengthens our position as the leader in fingerprint
software” said Håkan Persson, CEO of Precise Biometrics.

“The strong market presence of Precise Biometrics’ fingerprint software makes
them the perfect biometric authentication partner to bring our ultrasonic-based
fingerprint solution to market. This cooperation coupled with our ability to
sense fingerprints under glass, metal and plastic will enable us for both mobile
and embedded markets” said Eitan Medina, VP of Marketing, InvenSense, Inc.

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
14.00 CEST on October 21, 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;

InvenSense, Inc. (NYSE: INVN) is the world’s leading provider of MEMS sensor
platforms. InvenSense’s vision of Sensing Everything™ targets the consumer
electronics and industrial markets with integrated Motion and Sound solutions.
Our solutions combine MEMS (micro electrical mechanical systems) sensors, such
as accelerometers, gyroscopes, compasses, and microphones with proprietary
algorithms and firmware that intelligently process, synthesize, and calibrate
the output of sensors, maximizing performance and accuracy. InvenSense’s motion
tracking, audio and location platforms, and services can be found in Mobile,
Wearables, Smart Home, Industrial, Automotive, and IoT products. InvenSense is
headquartered in San Jose, California and has offices worldwide. For more
information, go
to (
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