Precise Biometrics signs license agreement with IDEX

Precise Biometrics, the leader in fingerprint software, has entered an agreement
with IDEX for licensing of Precise Biometrics’ portfolio of algorithm solutions
for fingerprint recognition.
The license agreement will generate royalty revenue based on sales of
fingerprint sensors from IDEX that includes Precise Biometrics’ algorithm
solutions. 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 second quarter 2016.

“IDEX is one of the most promising sensor vendors in the market and we are
pleased to enter this collaboration, which further strengthens our position as
the leading supplier of fingerprint software”, said Håkan Persson, CEO of
Precise Biometrics.

“Precise Biometrics offer industry leading algorithm solutions suitable for a
range of applications. We are collaborating on a number of specific market
opportunities together with Precise Biometrics”, said Dr. Hemant Mardia, CEO of
IDEX.

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 29, 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 IDEX
IDEX has developed the world’s most advanced fingerprint imaging, recognition
and authentication technology. IDEX’s innovative Intellectual Property (IP) is
protected by a comprehensive portfolio of 47 granted and pending patent
families, which continues to grow through ongoing innovation. The IDEX business
model is based on designing innovative fingerprint sensor IP and products, which
IDEX sells and licenses global Original Equipment Manufacturers (OEM) partners.
These partners utilise IDEX IP in a range of biometrically enabled products. The
customers are either purchasing IDEX fingerprint sensor units or paying a
royalty on units they produce. IDEX’s addressable market represents a multi
-billion unit opportunity, centred on three core markets; Mobile Devices, ID
security and Smart Cards and The Internet of Things. IDEX has an exciting and
competitive product ready road map including swipe sensors, touch sensors with
disruptive cost positions, and a unique in-glass solution.
The Company is currently in the process of commercialising these products and
has recently announced a number of important OEM partnerships and end user
design wins. IDEX ASA (ticker IDEX) is a Norwegian public company, founded in
1995, and its shares are Listed on the Oslo Børs (Oslo stock exchange). For more
information, please visit www.idex.no or contact IDEX at hk(at)idex.no