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Oslo, Norway, 2018/11/29 - IDEX Biometrics (IDEX ASA) the leading provider of advanced fingerprint identification and authentication solutions, has announced a collaboration with CEC Huada Electronic Design Co., Ltd (HED) on a reference design for biometric smart cards - HED.com.cn. OSE: IDEX
IDEX collaborates with industry leaders in the smart card space to accelerate the growth and availability of biometric smart cards. One of the critical components of a smart card is the secure element (SE), which is a tamper-resistant chip which securely hosts the matching algorithm and stores sensitive data in the smart card. For an optimally performing biometric smart card it’s essential that all the components of the card work seamlessly. The collaboration between HED and IDEX reduces complexity, simplifies integration and ultimately shortens time-to-market.
Stan Swearingen, CEO at IDEX Biometrics commented “As the leading fingerprint biometrics company in the smart card segment we are continuously looking to work with partners who can help accelerate and build the biometric smart card market. HED is the largest Chinese SE company, with a dominant position across several verticals, including national ID, social security, banking cards, and ships more than 1.5 billion pieces annually. HED is strong proponent for biometric smart cards, and we are confident the collaboration will be beneficial for both parties as well as the end user.”
Chang Feng, General Manager at HED commented “There is significant demand for the next generation of biometric smart cards. Adding biometrics enhances the user experience and security level in a smart card. To ensure an optimal solution it’s critical that the biometric system is compatible with the SE, and this is core to the IDEX and HED collaboration. We expect the reference design to be in very high demand across multiple verticals, including banking, identification, and social security.”
CEC Huada Electronic Design Co., Ltd (HED), founded in June 2002 and controlled by China Electronics Corporation (CEC) which is a Fortune Global 500 company, is China’s leading smart card and security chip supplier as well as total solution provider. HED products are widely applied in financial payment, government public utilities, identification, telecommunications and mobile payments etc. at home and worldwide. In recent years, HED (hed.com.cn) has committed to new technology R&D and new applications exploration of the Internet of things and launches new product line and system solutions to gear to the requirements of intelligent transportation, smart home, and other areas of the Internet of things.HED chips are distributed globally in countries and regions including Southeast Asia, Europe, the Americas, Africa and Australia etc.
About IDEX Biometrics
IDEX Biometrics, also known as IDEX ASA (idexbiometrics.com), 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.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.