16 July 2018
Visit www.avoka.com

Precise Biometrics signs license agreement with Fingerprint Cards for smart cards

17 February 2016  |  1547 views  |  0 Source: Precise Biometrics

Precise Biometrics, the leader in fingerprint software, expands the licensing agreement with Fingerprint Cards to include Precise BioMatch Embedded for smart cards.

The expanded license agreement will generate royalty revenue based on Fingerprint Cards' sales of fingerprint sensors for smart cards that use Precise BioMatch Embedded. Royalty revenues are volume dependant and cannot be forecasted at this point.

"There is a great interest to integrate fingerprint technology in new product areas. The expanded agreement with Fingerprint Cards – the largest sensor manufacturer – confirms our position as the leading supplier of fingerprint software and opens up interesting growth opportunities within smart cards," says Håkan Persson, CEO of Precise Biometrics.

"In the coming years, smart cards and other new markets will contribute to a significant growth of the market for fingerprint sensors," says Jörgen Lantto, CEO of Fingerprint Cards. "Our ambition is to take the leading position within these new areas in the same way as we did within smartphones. Our leading fingerprint sensor technology together with Precise Biometrics' algorithm will offer market-leading performance," concludes Jörgen Lantto.

Precise Biometrics has close to 20 years' experience of developing fingerprint software for small sensors, and has set the standard for the best user experience on mobile devices. The company's software is used hundreds of millions times every day by people across the whole world, and is integrated in smartphones from over 25 smartphone manufacturers and in more than 100 million national ID cards.

Precise BioMatchTM Embedded is an industry leading algorithm solution that offers convenient and secure fingerprint recognition for products with small fingerprint sensors and platforms with limited processing power and memory space, such as smart cards, wearables, locks and cars.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Who is commenting?

Suresh K Suresh K Commented on: I am the password
A Finextra member Finextra Member Commented on: Mastercard enlists Wor...
A Finextra member Finextra Member Commented on: Mastercard enlists Wor...
A Finextra member Finextra Member Commented on: Mastercard enlists Wor...

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9753 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8311 views comments | 3 tweets | 1 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8206 views comments | 13 tweets | 17 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7787 views comments | 7 tweets | 13 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
7664 views comments | 6 tweets | 14 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job