October 14, 2016 / 10:11 AM / a year ago

BRIEF-Precise says algorithm solution deployed in smartphone from South Korean vendor

Oct 14 (Reuters) - Precise Biometrics AB

* Precise biomatch(tm) mobile deployed in smartphone from South Korean vendor

* Algorithm solution for fingerprint recognition in mobile devices has through cooperation Fingerprint Cards been deployed in a smartphone from a South Korean vendor

* Says currently projecting the integration will generate royalty revenue starting from the fourth quarter of 2016

* Says royalty revenue is based on actual sales of fingerprint sensors that utilize Precise BioMatch Mobile and cannot be forecasted by Precise Biometrics at this point Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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