IDEX Biometrics (IDEX ASA), the leading provider of advanced fingerprint identification and authentication solutions, expects to shortly enter into an agreement with a major global IT provider to the financial markets to upgrade their existing biometric security solutions. The agreement includes a multimillion-dollar commitment for IDEX’s SmartFinger® IDX 3200 dual-interface sensors, enhanced with advanced security features, and will be delivered over the next three years.
IDEX is experiencing significant interest in its biometric sensor solutions from a range of customers. The company has multiple ongoing engagements in several industries, especially the smart card industry where card integrators are making significant progress in integrating IDEX’s dual-interface biometric solutions, but also in new verticals with a strong focus on security and convenience.
Further information will be provided to the market once the agreement has been signed by both parties.
About IDEX Biometrics
IDEX Biometrics, legal name IDEX ASA (idexbiometrics.coms), 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.