IDEX BIOMETRICS ASA: Biometric smart card production, with IDEX dual-interface sensor, reaches low-cost, mass production milestone
Oslo, Norway, 15 July 2019: IDEX Biometrics ASA, the leading provider of
advanced fingerprint identification and authentication solutions, is
pleased to confirm that one of its Asian customers has achieved
cost-effective, mass production standards for biometric smart cards.
This customer has established a strong reputation globally for their
ability to manufacture and supply high-quality user authentication and
transaction security solutions. Its customers range from financial
institutions to governments and business enterprises.
An initial production order has recently been placed with IDEX Biometrics
to integrate its SmartFinger dual-interface sensor within a secure access
biometric smart card. This highly durable, cost-effective biometric smart
card shares identical manufacturing properties with biometric payment
The manufacturing line now has the maturity and capacity to quickly ramp
production of biometric smart cards to millions of units, with very
cost-effective, high-yield results.
CEO of IDEX Biometrics, Stan Swearingen, adds: With the manufacturing
standards achieved, and the capacity of the production line, I am confident
that biometric smart cards are ready for mass production and volume
delivery to customers. The ability to manufacture to these standards with
our sensors will be a competitive differentiator for IDEX and will
facilitate other card manufacturers around the world to follow.
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is the leading provider of fingerprint
identification technologies offering simple, secure and personal
authentication for all. We help people make payments, prove their identity,
gain access to information, unlock devices or gain admittance to buildings
with the touch of a finger. We invent, engineer and commercialize these
secure, yet incredibly user-friendly solutions. Our total addressable
market represents a fast-growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com
and follow @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.