One of the industry’s leading analyst groups has organized a major new event: Goode Intelligence has announced that the inaugural Biometric Summit New York will take place early next year, on Thursday, April 4th. Some big names are already on board. Sponsors of the event include fingerprint biometrics specialists Zwipe and Precise Biometrics, as well…
“…Nilsson’s share purchase has been announced immediately on the heels of the company’s Q3 update, the first to feature commentary from its new CEO.” Precise Biometrics‘ Chief Financial Officer, Ulrik Nilsson, has bought 200.000 shares in the company. In announcing the share purchase, Precise Biometrics offered no explanation or commentary, noting only that it “is information…
Precise Biometrics is focusing on the future with a realigned business strategy in its latest quarterly update. The company has reported net sales of SEK 16.8 million in its Q3 report, a significant increase against its net sales in Q3 of 2017, which came in at a little under SEK 10.1 million. It also reported…
“In order to achieve our objective to remain a leading provider of biometric solutions, we have identified the need to strengthen our local presence in the Asian market, where we see a growing demand.” – Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics is planning some major changes to its corporate structure, announcing its intention to…
“Biometric systems with fingerprints, face, voice, behaviour and iris enables a digital identity that makes it more convenient and secure in the daily life.” Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics is moving beyond fingerprint recognition, announcing that it has embraced a new business strategy focused on multi-modal biometric authentication solutions. In a statement…
“We are very pleased of being able to recruit Ulrik as new CFO for Precise Biometrics. With his long experience and broad knowledge, Ulrik is the right person to contribute to the company’s continued development.” Stefan K. Persson, CEO, Precise Biometrics. Precise Biometrics has a new Chief Financial Officer. A graduate of the University of…
Precise Biometrics‘ algorithm software is being used to support in-display fingerprint scanning in the new OPPO R17 smartphone, the company has announced. It’s the result of Precise Biometrics’ partnership with fingerprint sensor provider Silead, and a validation of statements made in a corporate update about a year ago. At that time, Precise Biometrics’ then-CEO, Håkan…
“Commenting on the results, Precise Biometrics chairman Torgny Hellström highlighted the rise of optical and under-glass fingerprint sensors in mobile devices, noting that Precise Biometrics’ algorithm software had been used in the recently launched Huawei Honor 10, a market success.” Precise Biometrics has issued its results for the second quarter and the first half of…
Huawei’s Honor 10 smartphone has made it to Indonesia. At a launch event this week, Huawei subsidiary Honor Indonesia placed a strong emphasis on the device’s artificial intelligence technology, officially announcing the device with the tagline “Beauty in AI”. Its sophisticated AI has been applied mainly in the area of imaging, with its 24MP and…
“…the decision will not take effect immediately, with Thuresson agreeing to remain in his role until a new CFO has been found.” Precise Biometrics‘ Chief Financial Officer is stepping down, the company has announced. In a brief statement, the company said that Göran Thuresson has made the decision “to leave Precise Biometrics and return to a role…
Precise Biometrics and NXP Semiconductors are teaming up on contactless biometric payment cards. The collaboration’s announcement comes just about a week after Precise Biometrics unveiled Precise BioMatch Card, an adaptation of its Precise BioMatch Embedded fingerprint algorithm solution that is tailored for smart card and payment card integrations. Precise BioMatch Card will be integrated into…
FindBiometrics was in Amsterdam this week reporting live from Money20/20 Europe, where biometrics were an integral part of the conversation. From the main stage to the exhibition floor, biometrics are the buzz this year, with day-one keynotes from Biocryptology and Mastercard framing identity and authentication as crucial components to the FinTech space in Europe and…
Precise Biometrics established itself as one of the world’s top providers of fingerprint algorithm software thanks at least in part to its prudent acumen, with the company having established a key partnership with fingerprint sensor provider Fingerprint Cards early on in the game, and later expanded its roster of partners as the mobile biometrics market…
“It is capable of matching a fingerprint within a Secure Element, and Precise Biometrics says it can support fingerprint sensors as small as 30mm².” Precise Biometrics has officially unveiled its new fingerprint matching algorithm solution for the smart card market, dubbed Precise BioMatch Card. It isn’t an entirely new solution, but rather an adaptation of…
Fingerprint sensors are now a standard feature on contemporary smartphones. Yet while they’re more popular than ever, a number of fingerprint sensor specialists have had to contend with serious market pressures in recent months, with costs in the mobile market dropping and a growing number of competitors. That doesn’t mean the fingerprint sensor market has…
Precise Biometrics‘ AGM was held this week, and produced mixed results with respect to the proposals of the company’s Board of Directors. As per one of the Board’s proposals, it was resolved that dividends would not be paid out for 2017, reflecting the considerable market challenges that Precise Biometrics and its peers faced in the…
Precise Biometrics has issued its Q1 report for 2018, and the results suggest the company is adapting well to pressures in the mobile biometrics market. Precise Biometrics’ operating loss is down from a year ago, coming in at SEK -2.03 million, compared to -2.66 million in Q1 of 2017. And while many biometrics specialists have…
Precise Biometrics algorithm software is powering the fingerprint scanning capability of a new smartphone from Huawei. Unlike the Honor 9, which featured a Fingerprint Cards sensor, the new Honor 10 uses fingerprint sensor from Qualcomm. And unlike Huawei’s recently launched Porsche Design Huawei Mate RS, the sensor is not embedded within the Honor 10’s display, but…
“…Precise Biometrics sees opportunities beyond the mobile sector…” Precise Biometrics has issued its Q4 and year-end fiscal results, and it looks like the company has suffered under the same market forces that have depressed other businesses in the industry. Adjusting figures to exclude its Tactivo reader business area, which has now been sold off, Precise…