Precise Biometrics has signed a commercial licensing and distribution agreement with Samsung for the licensing of the company’s algorithm for fingerprint recognition in mobile devices, Precise Biomatch Mobile. It is clear from a press release.
The agreement covers royalties per sold fingerprint sensor and an annual fee for support and maintenance. License fee per sensor is volume-based and cannot be forecast at present while the charge for the support and maintenance are expected to have revenues, starting in the fourth quarter.
“We are very pleased that Samsung Electronics Co., Ltd. has chosen our fingerprint software to provide the best user experience and security of its fingerprint solutionswhen they are now embarking on the market for fingerprint sensors. Cooperation creates additional opportunities for growth for us and strengthens our position as the leading provider of fingerprint software “, says Håkan Persson, ceo of Precise Biometrics.