“…Precise Biometrics CEO Håkan Persson called Qualcomm Technologies ‘a leader in the mobile industry,’ adding that the partnership ‘will help further strengthen our position as a leader in fingerprint software.'”
Precise Biometrics has entered into a licensing agreement with Qualcomm Technologies, which has licensed the former’s Precise BioMatch Mobile biometric algorithm software.
The deal is based on a per-unit licensing fee and annual fees based on sales of device utilizing Precise BioMatch Mobile, as well as maintenance and support services. Precise Biometrics predicts that the agreement should start generating revenues in Q3 of this year.
In a statement announcing the deal, Precise Biometrics CEO Håkan Persson called Qualcomm Technologies “a leader in the mobile industry,” adding that the partnership “will help further strengthen our position as a leader in fingerprint software.”
While the lion’s share of Precise Biometrics’ Precise BioMatch Mobile licensing revenues have likely come from longtime sensor partners Fingerprint Cards—a new pair of FPC smartphone integrations was announced just this week—the company has lately sought to expand its roster of hardware partners, with Qualcomm being the latest prominent addition. For Qualcomm’s part, the company is no stranger to biometric technologies; its own solution powers the biometric authentication system used in Tencent’s WeChat mPayment service.
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July 28, 2016 – by Alex Perala
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