Fingerprints 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 July 2023 with the aim of developing new business and driving revenue growth.

One of the focus areas for the New Business unit is the monetization of strong portfolio of intellectual property rights (IPR). They see an increased potential in this area, and work with leading patent law firms to capitalize on this opportunity. 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.