Precise Biometrics has entered into a new licensing agreement with a fingerprint sensor maker. Called Chipone, the Beijing-based company now has access to Precise Biometrics’ Precise BioMatch Mobile technology.
The biometric algorithm software has been used in a wide range of mobile devices, most often through longstanding hardware partner Fingerprint Cards. But lately Precise Biometrics has signed numerous deals to license the technology to other sensor makers, seeking a wider presence in the market. This agreement with Chipone involved an undisclosed initial fee, with further royalty revenues to come, starting this quarter.