Precise extends licensee agreement with Egis Technology
21 April 2020 16:36 GMT

Precise has signed an extended licensee agreement with the leading fingerprint sensor supplier, Egis Technology. Following the agreement, Precise is entitled to royalties based on actual number of devices utilizing Precise identification software for mobile devices, together with licensee fees and fees for support and maintenance. For 2020, the total revenues from Egis is expected to amount to approximately 60 MSEK.

The agreement follows the successful integrations of Precise identification software into Egis fingerprint sensors, which in turn has been implemented in various series of mobile devices from large OEM manufacturers during 2019 and beginning of 2020.

“We are pleased to extend our collaboration with Egis, which we see as a strong acknowledgement for our leading fingerprint software as well as our ability to business develop and support our customers. This agreement will be important to be able to scale up our products in the digital identity space for convenient and secure identification in other areas of applications”, says Precise CEO Stefan K. Persson.

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