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2016-04-05

Precise Biometrics: 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-mob...)
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/

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http://news.cision.com/precise-biometrics/r/precise-biometrics-signs-lic...
http://mb.cision.com/Main/128/9948936/496315.pdf

Författare WKR

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