- CEO
- Joakim Nydemark
- Full Time Employees
- 35
- Sector
- Industrials
- Industry
- Security & Protection Services
- Address
- ScheelevAegen 27 Lund Sweden 223 63
- IPO Date
- May 29, 2014
- Business
- Precise Biometrics AB (publ) is a Sweden-based cybersecurity and biometric technology company specializing in the development and provision of advanced biometric software and hardware solutions for identity authentication. The company's core product portfolio includes biometric access control systems under the brand YOUNiQ Access, secure and efficient visitor management solutions known as YOUNiQ Visit (EastCoast Visit in Sweden), fingerprint and palm recognition algorithms through its AI-driven biometric software suite, and specialized products for mobile devices, laptops, smart cards, and automotive applications such as Precise BioMatch Mobile, Precise BioMatch Automotive, Precise BioMatch Smart Card, Precise BioMatch Laptop, and Precise BioLive, an anti-tampering and liveness detection product. Precise also offers biometric-enabled physical access solutions and cloud-based visitor management systems designed to improve security, compliance, and user convenience across various industries globally, including Sweden, the United States, China, Taiwan, and South Korea. Founded in 1997, the company is headquartered in Lund, Sweden.
In the past 1-2 years, Precise Biometrics has made several significant advancements including partnerships to enhance biometric physical access control, notably with Avigilon (a Motorola Solutions company), and the integration of synthetic biometric data generation into product development. The company has also expanded its product capabilities with new access control features in its visitor management system Precise Visit and has launched new offerings in palm recognition and on-premise access systems. Furthermore, it has seen growing demand and new projects for its anti-spoofing solutions tailored for national ID programs, including pilot projects in the US and commercialization initiatives in India. Precise continues to invest in market expansion, including a strong digital presence and engagement in new markets, reflecting a strategic focus on growth within biometric security for mobile phones, physical and logical access, automotive, and government identity sectors.
Precise Biometrics operates primarily in two business segments: Digital Identity and Biometric Technologies, serving customers such as smartphone manufacturers, systems integrators, government programs, and enterprises requiring secure authentication solutions. The company leverages AI-driven algorithms for fingerprint, palm, and facial recognition, delivering user-friendly, privacy-compliant biometric authentication experiences. Its biometric solutions are used in varied applications such as mobile phones, security tokens, smart locks, visitor management, automotive in-car payments and driver authentication, as well as national ID programs worldwide. The company maintains offices in Sweden, the U.S., South Korea, Taiwan, and China to support its global operations.
Overall, Precise Biometrics AB epitomizes a leading biometrics and cybersecurity provider with comprehensive software and hardware offerings that enhance secure identity verification and access control across multiple industries and geographically diverse markets, maintaining a forward-looking approach through partnerships, product innovation, and market expansion strategies.