Brief: Precise Signs Two Licensing Agreements For Use Of Biometrics In Automotive Use Cases

Precise Biometrics AB

29/12/2021 07:02

Dec 29 (Reuters) - Precise Biometrics AB  PREC.ST :
    * PRECISE SIGNS TWO LICENSING AGREEMENTS FOR USE OF
BIOMETRICS IN
AUTOMOTIVE USE CASES
    * UNDER TERMS OF LICENSING AGREEMENTS, PRECISE WILL RECEIVE
A
TOTAL OF APPROXIMATELY SEK 9 MILLION AS UPFRONT PAYMENT
    * FUTURE ROYALTIES BASED ON ACTUAL NUMBER OF SENSORS BEING
INSTALLED, TOGETHER WITH A RECURRING FEE FOR SUPPORT AND
MAINTENANCE
    * HAS SIGNED ITS FIRST COMMERCIAL LICENSING AGREEMENTS WITH
TWO
ORIGINAL DESIGN MANUFACTURERS (ODMS) TO PROVIDE FINGERPRINT
TECHNOLOGY

Source text for Eikon:  ID:nMFN6v0J88 
Further company coverage:  PREC.ST 

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