Precise Biometrics AB has entered an agreement with Gingy Technology Co. for licensing of Precise Biometrics' product for fingerprint recognition, Precise BioMatch™ Mobile. The license agreement will generate royalty revenue based on sales of fingerprint sensors from Gingytech that includes Precise BioMatch Mobile.

The agreement includes a limited initial fixed fee for the right to integrate and use Precise Biometrics' software and for support & maintenance, which will be recognized starting from the fourth quarter 2015.