Precise has on 23 December 2022 entered into a commercial licensing agreement with Isorg, a France-based leader in organic optical sensors, to provide a new fingerprint technology to the mobile industry. Under the initial agreement period until end of 2024, Precise will receive minimum approximately SEK 11 million in fixed license and support fees. In addition, Precise will receive future royalties based on the actual number of fingerprint sensors when they are sold and installed in mobile phones.

The new commercial agreement with Isorg is in line with Precise's growth strategy within Algo to establish partnerships with new sensor vendors and utilizing the company's expertise also for new sensor types. The agreement will contribute with approximately SEK 600,000 in revenues in the fourth quarter of 2022, and the remaining fixed license and support fees will be evenly distributed over the initial period until 31 December 2024.