Precise Biometrics enters into agreement with Haptrics
11 October 2017 17:51 GMT

Swedish fingerprint software firm Precise Biometrics has entered into a commercial software license and distribution agreement with Korean sensor manufacturer Haptrics.

The agreement covers the licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile.

It also gives Precise Biometrics annual revenues for the right to use the company's algorithm solution and for support, and generates licensing revenues based on the number of sold sensors from Haptrics that utilize Precise Biometrics algorithm solution.