Swedish fingerprint solutions firm Precise Biometrics has agreed a licencing and distribution deal with biometrics company Vkansee for the former’s mobile fingerprint algorithm product.
Precise Biometrics is currently projecting that some of revenue generated under agreement will be recognized starting from Q4 of 2016.
“We are pleased that VKANSEE has chosen our fingerprint software to provide the best user experience and security for their under-glass optical fingerprint sensors. The cooperation creates additional growth opportunities for us and strengthens our position as the leader in fingerprint software” said Håkan Persson, CEO of Precise Biometrics.
The agreement includes a per unit license fee, an annual licensing fee for the right to use Precise Biometrics algorithm solutions and an annual fee for support and maintenance