Precise Biometrics announced a new agreement with Shanghai OXi Technology Ltd for licensing of Precise Biometrics’ solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. The licensing agreement will generate royalty revenue based on sales of fingerprint sensors from OXi that includes Precise BioMatch Mobile. The agreement includes a limited initial fixed fee for the right to integrate and use Precise Biometrics’ software and for support and maintenance, which is recognized starting from the fourth quarter 2015. “The agreement
↧