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    PREC   SE0001823303

PRECISE BIOMETRICS AB (PUBL)

(PREC)
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Precise Biometrics : YOUNiQ successfully integrated with ASSA ABLOY ARX

07/02/2021 | 02:31am EDT

Precise announced today that the company has entered into an agreement with ASSA ABLOY Opening Solutions AB for YOUNiQ – Precise product for touchless access to facilities. Through the agreement, YOUNiQ has been successfully integrated with ASSA ABLOY ARX, combining ASSA ABLOY Opening Solution’s leading open source access control system with Precises’ biometric identification software for convenient and secure access.

“We are happy to partner up with ASSA ABLOY Opening Solutions on the integration of YOUNiQ with ARX as it enables us to target an important base of potential clients, consisting of current and future users of ARX. Following the integration, we now have a solution that significantly reduces touchpoints while managing high people flow in buildings in an easy way – a perfect fit for any corporate that is looking to increase its efficiency through enhanced user experience”, said Precise CEO, Stefan K. Persson.

YOUNiQ integrates face recognition with access control systems to provide convenient and secure access to facilities. The technology behind the product is based on artificial intelligence that confirms the individual's identity through its unique facial features. Through the collaboration, the product has been successfully integrated with ASSA Abloy ARX access control system – an easy system to use and a secure way to control connected readers and locks. YOUNiQ can be installed individually or in combination with standard ARX readers. It can also be combined in several different ways, including face recognition and code or face recognition together with card and code.

“Precise Biometrics has done a fantastic integration work and created a good user experience together with ARX. This solution complements existing keyless solutions for convenient and secure access”, said Mattias Sahlén, Business Manager at ASSA ABLOY Opening Solutions AB.

About ASSA ABLOY Opening Solutions AB
ASSA ABLOY Opening Solutions AB is part of the ASSA ABLOY Group which was founded in Eskilstuna 140 years ago. The company has since developed into an international group with approximately 47,500 employees. ASSA ABLOY Opening Solutions Sweden designs, manufactures, and sells mechanical, electromechanical and electronic locks.

© Modular Finance, source Nordic Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
ASSA ABLOY AB -1.10% 261 Delayed Quote.28.89%
PRECISE BIOMETRICS AB (PUBL) 1.13% 1.07 Delayed Quote.-13.15%
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05/20PRECISE BIOMETRICS : enters distribution agreement with Elektroskandia for YOUNiQ
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Financials
Sales 2021 86,0 M 9,94 M 9,94 M
Net income 2021 -7,40 M -0,86 M -0,86 M
Net cash 2021 32,0 M 3,70 M 3,70 M
P/E ratio 2021 -53,5x
Yield 2021 -
Capitalization 385 M 44,5 M 44,6 M
EV / Sales 2021 4,11x
EV / Sales 2022 3,48x
Nbr of Employees -
Free-Float 88,9%
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Number of Analysts 0
Last Close Price 1,07 
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Managers and Directors
Stefan K. Persson Chief Executive Officer
Annika Freij Chief Financial Officer
Erik Torgny Folkeson Hellstr÷m Chairman
Fredrik Clementson Director-Research & Development
Tom Soberg Chief Technology Officer
Sector and Competitors