Biometric Stock Alert: Precise Biometrics: (STO:PREC) First Smart Phone with Precise Biometrics' Technology
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STOCKHOLM - October 7, 2013 (Investorideas.com Newswire) Precise Biometrics' (STO:PREC) algorithm is now integrated in a smart phone as the result of the partnership with Fingerprint Cards (FPC).
The first smart phone that integrates a FPC sensor with Precise Biometrics Algorithm Precise BioMatch(TM) Mobile (http://www.precisebiometrics.com/Precise_BioMatch_Mobile) has been introduced on the Asian market. This release is the first of its kind since Precise Biometrics announced in August 2013 that they had entered in an agreement (http://feed.ne.cision.com/wpyfs/00/00/00/00/00/20/C6/67/release.html) with FPC, a manufacturer of fingerprint sensors.
"We are now seeing the result of our partnership with FPC and we are very pleased that our world-leading technology has been introduced into the smart phone market. It is exciting that it will be available in Asia , which is where the majority of mobile phone manufacturers expected to integrate fingerprint sensors are located," says Patrik Lindeberg, COO at Precise Biometrics.
Precise BioMatch(TM) Mobile is based on the same algorithm that was top ranked in MINEX and Ongoing MINEX, tests conducted by the U.S. NIST (National Institute of Standards and Technology).
Precise BioMatch(TM) Mobile is optimized for smart phones and tablets with integrated fingerprint sensors. In addition to biometric performance, speed and footprint advantages it also provides efficient handling of rotated fingerprints. This is a crucial feature for the user experience in a mobile environment, and a major advantage over competitive products.
Due to confidentiality, Precise Biometrics cannot communicate the name of the mobile manufacturer.
Precise Biometrics AB (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 08:00 am on October 7, 2013.
Precise Biometrics is a market leading supplier of solutions for fingerprint recognition that guarantee the identity of people. With the highest level of competence in fingerprint biometrics, Precise Biometrics offers fast, precise and secure verification of a person's identity.
This technology can be used for ID, company and bank cards, and for access to mobile solutions, computers and networks. Precise Biometrics delivers its solutions to companies and government agencies all over the world, and the Company's technology is licensed to almost 160 million users.
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