Precise Biometrics (Precise) has entered into a 12-month development license agreement with RECO Biotek Co., Ltd. (RECO). Under the terms of the agreements, Precise will provide its cutting-edge sensor algorithm solution BioMatch® to be integrated into RECO's fingerprint systems. The development license agreement initially targets sensors used to develop systems for door lock products for the Taiwanese and Chinese markets. The agreement aims to enhance security measures while providing a seamless and convenient experience for end-users.

If the project is deemed successful, a commercial agreement is expected to be executed after the completion of the development period.