Precise Biometrics signs license agreement with MStar

Precise Biometrics, the leader in fingerprint software, has entered an agreement
with MStar for licensing of Precise Biometrics’ algorithm solution for
fingerprint recognition in mobile devices, Precise BioMatch™ Mobile.
The license agreement will generate royalty revenue based on sales of
fingerprint sensors from MStar that includes Precise BioMatch Mobile. Royalty
revenues are volume dependent 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, which will be recognized starting from the
first quarter 2016.
“MStar is a prestigious company in the field of touch panel IC. We are looking
forward to the collaboration with MStar, which further strengthens our local
presence in Asia and our position as the leading supplier of fingerprint
software”, says Håkan Persson, CEO of Precise Biometrics.
“Precise Biometrics offers fingerprint software with industry leading
performance. The agreement with Precise Biometrics enables us to offer leading
fingerprint solutions that provides convenient and secure verification of
people´s identity on mobile devices. The addition of the fingerprint product
will further enhance our position in the touch panel market with the common
customer base”, says SY-Lin, director of Touch Business Unit at MStar.
Precise BioMatch Mobile (http://precisebiometrics.com/fingerprint
-technology/precise-biomatch-mobile/) is the industry leading algorithm solution
for convenient and secure fingerprint recognition on smartphones and tablets.
The unique and patented hybrid algorithm solution is optimized for small
fingerprint sensors and platforms with limited processing power and memory
space. 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 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 8.00 am CET on April 5, 2016.

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 MStar Semiconductor, Inc.
MStar Semiconductor, Inc. is a world-class leader in Application Specific ICs
with a focus on consumer electronic products and communication applications.
Since the inception in 2002, MStar has established a strong brand and leadership
position in LCD controller, analogue and digital TV, and set-top box by fully
leveraging its core expertise of cutting-edge design capabilities, continuous
innovation and premier customer-focused services. Headquartered in Taiwan, MStar
has a comprehensive global footprint of international R&D and customer support
centers to provide a full range of total solutions for various consumer
electronic applications. For more information, please visit
http://www.mstarsemi.com/