Fingerprint sensor developer IDEX has licensed Precise Biometrics’ algorithm technology, the companies have announced. The deal includes an initial fixed fee, and will see royalties paid to Precise Biometrics based on sales of IDEX fingerprint sensors incorporating Precise Biometrics technology.
The companies haven’t yet disclosed exactly what IDEX products will incorporate the Precise Biometrics technology, but it’s possible that future solutions building on IDEX’s in-glass and off-chip sensor technology will feature the biometric algorithm software. In a statement, IDEX CEO Dr. Hemant Mardia said Precise Biometrics technology can be used in “a range of applications,” adding, “We are collaborating on a number of specific market opportunities together with Precise Biometrics.”
The deal progresses Precise Biometrics’ continuing efforts to secure new licensing partners. While the company has seen great success in its mobile integrations through a longstanding partnership with Fingerprint Cards, it has lately entered into new licensing agreements with companies such as J-Metrics, Gingy Technology Co., and more. Commenting on this latest development, Precise Biometrics CEO Håkan Persson said, “IDEX is one of the most promising sensor vendors in the market and we are pleased to enter this collaboration, which further strengthens our position as the leading supplier of fingerprint software.”
April 29, 2016 – by Alex Perala