Brief: Precise Sigs Commercial Licensing Agreement With Isorg

Precise Biometrics AB

27/12/2022 07:57

Dec 27 (Reuters) - Precise Biometrics AB  PREC.ST :
    * SAID ON FRIDAY, PRECISE HAS ON DEC 23, 2022 ENTERED INTO
COMMERCIAL LICENSING AGREEMENT WITH FRENCH ISORG TO PROVIDE NEW
FINGERPRINT TECHNOLOGY TO MOBILE INDUSTRY
    * UNDER INITIAL AGREEMENT PERIOD UNTIL END OF 2024, PRECISE
WILL
RECEIVE MINIMUM ABOUT SEK 11 MLN IN FIXED LICENSE, SUPPORT FEES
    * AGREEMENT WILL CONTRIBUTE WITH ABOUT SEK 600 THOUSAND IN
REVENUES IN Q4 OF 2022
    * REMAINING FIXED LICENSE, SUPPORT FEES WILL BE EVENLY
DISTRIBUTED
OVER INITIAL PERIOD UNTIL DEC 31, 2024

        
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