“The integration is poised to capitalize on an important trend in the mobile biometrics market, with a growing number of smartphone brands looking to in-display fingerprint scanning as the next evolution in smartphone fingerprint authentication.”
Two months after announcing that it had established a licensing agreement with “a leading fingerprint sensor supplier from Asia,” Precise Biometrics has revealed that the partner in question is Egis Technology, and that the company has integrated Precise BioMatch Mobile biometrics software into an optical in-display fingerprint sensor solution.
The integration is poised to capitalize on an important trend in the mobile biometrics market, with a growing number of smartphone brands looking to in-display fingerprint scanning as the next evolution in smartphone fingerprint authentication. And it ties in well with Precise Biometrics’ efforts to better target and serve the Asian market, having recently established a new office in Shanghai; in an update on those operations in June, Precise Biometrics’ Shanghai-based Customer Program Manager, Matthew Bai, indicated that optical fingerprint sensors that can be embedded in a mobile device’s display represent an exciting opportunity.
Now, in revealing its partnership with Egis Technology, Precise Biometrics has asserted that it expects the latter’s integration of its Precise BioMatch Mobile technology to generate revenues of SEK 10 million — or a little over $1M USD — in the second half of this year, both through royalties based on the number of devices that will use Precise BioMatch Mobile and through fees for licensing, support, and maintenance.
“It’s satisfying that our recently announced partnership in Asia already has resulted in an order-win,” commented Precise Biometrics CEO Stefan K. Persson in a statement announcing the integration. “Through our newly established Shanghai office, we will continue to further expand our Asian footprint and strengthen our presence in local key markets.”
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