Precise Biometrics has entered an extended software license and distribution agreement with an existing sensor customer that guarantees total license revenues of a minimum of SEK 17.5 million during 2017 and 2018 for the use of Precise Biometrics' algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. This guaranteed revenues of 1.5 million for the right to use Precise Biometrics software. The revenue from the new agreement will be recognized evenly during 2017 and 2018. The agreement may generate additional revenues provided that the customers' sales volumes exceed the set volume in the agreement.