Precise Biometrics inks license agreement with FocalTech Systems
23 December 2015 11:24 GMT

Swedish fingerprint software and hardware firm Precise Biometrics has signed an agreement with FocalTech Systems Co for licensing of Precise Biometrics’ product for fingerprint recognition, Precise BioMatch Mobile.

The license agreement will generate royalty revenue based on sales of fingerprint sensors from FocalTech that includes Precise BioMatch Mobile. Royalty revenues are volume dependant 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 and for support & maintenance, which will be recognized starting from the fourth quarter 2015.

“FocalTech is one of the leaders in multi-touch technology and touch panel controllers. The agreement with FocalTech strengthens our position as the leading independent supplier of fingerprint software for mobile devices”, says Håkan Persson, CEO of Precise Biometrics.

“The agreement with Precise Biometrics enables us to target the fast growing market for fingerprint technology in mobile devices in China. FocalTech’s touch controller shipments have exceeded 300 million and we have become the number one supplier globally in 2015. Based on FocalTech’s experience in supply chain, we will accelerate the sales of our fingerprint sensors to the mobile device market”, says MC Liao, President at FocalTech.

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