Precise Biometrics signs license agreement with Oberthur Technologies for secure fingerprint recognition in eSE

Precise Biometrics, the leader in fingerprint software, has entered an agreement
with Oberthur Technologies (OT), a leading global provider of embedded security
software, products, services and solutions, for licensing of Precise BioMatch™
Embedded. The integration of  Precise Biometrics’ leading fingerprint
recognition solution in PEARL by OT®, the most advanced multi-application
embedded secure element (eSE) on the market for mobile, M2M and IoT devices,
brings an additional layer of security to biometric authentication and enables
easy deployment of secure services using fingerprint technology, such as mobile
payments.
The license agreement will generate royalty revenue based on sales of secure
elements from OT that includes Precise BioMatch Embedded in the delivery.
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.

The partnership with Precise Biometrics enables OT to offer convenient and
secure fingerprint identification for connection, authentication and payments in
any type of device, such as smartphones and tablets, wearables, vehicles or
other consumer and industrial devices. The integration of fingerprint matching
algorithms in OT’s eSE allows to securely run the fingerprint verification
inside the eSE, thereby preventing users biometrics to be exposed outside the
eSE, in which they are already securely stored.

“The rapid growth of mobile payments is increasing the demand for secure mobile
authentication. Our industry leading capabilities in providing high performance
fingerprint solutions for platforms with limited processing power and memory
enables new use cases where convenient and secure authentication is needed. The
cooperation with OT is a big step in taking such solutions to market and
securing users digital identity”, said Håkan Persson, CEO of Precise Biometrics.

“While the use of biometric data today appears as the most efficient way to
authenticate users, it also raises new security challenges. It is therefore
critical to combine the most advanced technologies to protect users’ biometrics.
The partnership with Precise Biometrics allows us to further increase security
in mobile, M2M and IoT devices by integrating the industry´s leading fingerprint
recognition software in our PEARL by OT® offering.”, said Marc Bertin, CTO of
OT.

PEARL by OT® (http://www.oberthur.com/use-cases/secure-mobile-services/) is the
safest possible place to store secret information and execute sensitive
applications. It offers a yet unattained level of security and the largest
memory on the market for easy deployment of secure mobile contactless payment,
transit, governmental and automotive applications, as well as secure access to
online services for enterprise and consumer markets. With Precise BioMatch
Embedded it will offer an even faster, accurate, and secure verification of
user’s identity, creating a convenient user experience when authenticating to
devices or services. Precise BioMatchTM
Embedded (http://precisebiometrics.com/fingerprint-technology/precise-biomatch
-embedded/) is the industry leading algorithm solution that offers convenient
and secure fingerprint recognition for products such as smart cards, wearables,
locks and cars.

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 7.45 am CEST on May 17, 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 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;
http://precisebiometrics.com/

ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in embedded digital security that protects you when you
connect, authenticate or pay. OT is strategically positioned in high growth
markets and offers embedded security software solutions for “end-point” devices
as well as associated remote management solutions to a huge portfolio of
international clients, including banks and financial institutions, mobile
operators, authorities and governments, as well as manufacturers of connected
objects and equipment. OT employs over 6 300 employees worldwide, including
almost 700 R&D people. With a global footprint of 4 regional secure
manufacturing hubs and 39 secure service centers, OT’s international network
serves clients in 140 countries. For more information: www.oberthur.com