Precise Biometrics AB (publ) has signed a 12 month Evaluation License Agreement with CanvasBio, a Korean manufacturer of fingerprint sensors. This agreement is to jointly develop a fingerprint module for use in mobile phones. The agreement is an important step in the further commercialization of Precise Biometrics' algorithms on the Asian market.

In December 2022, Precise Biometrics signed a Development Partnership with CanvasBio to develop a fingerprint module for laptops, with the sensor from CanvasBio and the BioMatch algorithms from Precise Biometrics. The new Evaluation License Agreement for Precise Biometrics algorithms targets more complex capacitive sensors in mobile phones.