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Precise Biometrics: (STO:PREC)

The Award is attributed to the highly efficient fingerprint software, Precise BioMatch™ Mobile, that provides superior fingerprint authentication for smartphones and tablets.

Based on its recent analysis of Fingerprint Biometrics for Mobile Devices, Frost & Sullivan honors Precise Biometrics with the 2015 Global Frost & Sullivan Award for Customer Value Leadership. In the award motivation (http://precisebiometrics.com/wp-content/uploads/2015/04/Precise-Biometrics-Award-Write-Up.pdf), the highly efficient fingerprint software Precise BioMatch Mobile (http://precisebiometrics.com/fingerprint-technology/precise-biomatch-mobile/), which provides superior fingerprint authentication for smartphones and tablets, is praised. In 2014, Precise BioMatch Mobile was integrated in the world’s first Android smartphone with a touch fingerprint sensor.

“Precise Biometrics is a leader in fingerprint biometrics for the global mobile device market, and its fingerprint technology, which offers superior convenience and security, is critical for mobile device manufactures to ensure the transition to the new authentication paradigm”, said Nandini Bhattacharya, Senior Research Analyst at Frost & Sullivan.

In addition to offering a robust solution portfolio and ensuring a fulfilling customer experience, Frost & Sullivan commends Precise Biometrics’ best-in-class service and support that ensures a proficient customer service experience.

“Our fingerprint technology is based on nearly 20 years of research and has since the start been developed for integration in mobile devices. Over the years our products have received top rankings in performance evaluations and this award is an acknowledgement by the mobile industry that our fingerprint technology provides the best combination of convenience and security, delivering a superior end-user experience”, says Håkan Persson, CEO of Precise Biometrics.

Precise BioMatch Mobile provides easy integration of fingerprint matching functionality for smartphones and tablets, and is optimized for small touch sensors in mobile environments through a unique patented hybrid algorithm. The software offers fast, accurate, and secure verification of the user’s identity, creating a convenient user experience for consumers when unlocking their mobile device or authenticating to services, while delivering enhanced security.

While Precise BioMatch Mobile has been designed for identity authentication in mobile devices, Precise BioMatch Embedded (http://precisebiometrics.com/fingerprint-technology/precise-biomatch-embedded/), which is based on the same fingerprint algorithm, can be used to integrate fingerprint authentication in any hardware platform, such as time and attendance units, point-of-sale terminals, computers and more.

In the analysis of fingerprint biometrics for mobile devices, Frost & Sullivan states that the continued rise in identity theft and fraudulent activities has resulted in a growing demand for a stricter authentication process for mobile devices. While one’s personal identification number (PIN) and password can easily be forgotten or stolen, fingerprint technology provides improved security and convenience for the user. This has led to staggering growth in the demand for fingerprint authentication capability among mobile manufacturers and original equipment manufacturers (OEMs). They not only require a high-precision authentication technology, but they also require a solution that can easily fit into the mobile environment.

ABOUT THE AWARD

Each year, Frost & Sullivan presents this Award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The Customer Value Leadership Award recognizes the company's inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and, ultimately, customer base expansion.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

To read more about the award motivation and the award, please click here. (http://precisebiometrics.com/wp-content/uploads/2015/04/Precise-Biometrics-Award-Write-Up.pdf)

ABOUT FROST & SULLIVAN

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. For more information, please visit http://www.frost.com.

ABOUT PRECISE BIOMETRICS

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.

For further information go to www.precisebiometrics.com

This information was brought to you by Cision http://news.cision.com

Precise Biometrics ABHåkan Persson, CEOTel. 46 46 31 11 05or 46 734 35 11 05E-mail hakan.persson@precisebiometrics.com

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