Fingerprint Cards AB (publ) licenses its iris recognition technology to Smart Eye AB (publ) for up to SEK 50 million, entering a strategic partnership to enhance security and user experience in Automotive and Enterprise

Fingerprint Cards AB (Fingerprints) today announced that it has entered into an agreement to license its iris recognition technology to the Swedish company Smart Eye, listed on Nasdaq First North, for a total consideration of up to SEK 50 million. The consideration consists of an initial fixed license fee of SEK 23 million payable in Smart Eye shares, an additional up to SEK 17 million divided into two milestone payments, payable in shares or cash at Smart Eye’s discretion, the first payable upon Smart Eye ...