Precise Biometrics enters into agreement with Qualcomm Technologies, Inc. for the licensing of Precise BioMatch™ Mobile

Precise Biometrics, a leader in fingerprint software, has entered into a
commercial software license and distribution agreement with Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated, for the licensing of
Precise Biometrics’ algorithm solution for fingerprint recognition, Precise
BioMatch Mobile.
This agreement includes (i) a per unit license fee, as well as an annual fee,
pertaining to the use of Precise BioMatch Mobile based on actual sales of
certain fingerprint sensors utilizing said technology, and (ii) an annual fee
for support and maintenance.  While the per unit license fee is volume dependent
and cannot be forecasted by Precise at this point, Precise is currently
projecting that some of the revenue generated under the agreement will be
recognized starting from the third quarter of 2016.

“We are delighted to enter into this commercial software license and
distribution agreement with Qualcomm Technologies, Inc., a leader in the mobile
industry, which will help further strengthen our position as a leader in
fingerprint software. We look forward to working together and supporting
Qualcomm Technologies with their fingerprint solutions,” said Håkan Persson, CEO
of Precise Biometrics.

Precise BioMatch Mobile (http://precisebiometrics.com/fingerprint
-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.

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 July 28, 2016.

FOR FURTHER INFORMATION, PLEASE CONTACT
Håkan Persson, CEO, Precise Biometrics AB
Phone; +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 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;
http://precisebiometrics.com/

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* Qualcomm is a trademark of Qualcomm Incorporated, registered in the United
States and other countries.