Fingerprints today announced that the company has signed a patent license agreement with a major global company as the licensee. This represents a milestone as Fingerprints’ first-ever patent license agreement, arising from the New Business team initiative which was announced in
“Fingerprints has over 700 registered patents in its portfolio, extending from algorithms and biometric image processing through to sensors and hardware packaging technology. A smaller part of this patent portfolio pertains to a field outside of biometrics, focusing on secure information aggregation. This technology enables users to seamlessly view, manage, and interact with information from various sources in a uniform manner. We've assessed products from various companies that we believe will require a license for this non-biometric patent portfolio, and we will continue our efforts to monetize this asset. On top of this, we have during the last few months found clear evidence that some smartphone players are using a part of our biometric patents portfolio and we will proceed with our efforts also in this area, where we see a meaningful monetization opportunity”, commented
While this initial agreement alone will not have a material financial impact, as Fingerprints’ first-ever patent license agreement it is an important milestone in pursuit of additional monetization opportunities.
For further information, please contact:
Investor Relations:
+46(0)10-172 00 10, investrel@fingerprints.com
Press:
+46(0)10-172 00 20, press@fingerprints.com
About Fingerprints
Attachment
- 240506 - License agreement
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