IDEX Biometrics ASA is entering a strategic cooperation agreement with a global tier one smart card manufacturer. As the global biometric payment market is reaching an inflection point towards mass production, this partnership brings lower costs, reduced manufacturing complexity, and accelerated time-to-market.
The agreement covers joint development of biometric smart cards based on IDEX Biometrics’ TrustedBio® turnkey reference design. The comprehensive pre-certified solution platform includes IDEX Biometric’s TrustedBio®, integrated MCU/PMU, biometric software including proprietary Card Operating System, applets, inlay and a SLC38 security controller from Infineon Technologies AG.
Vince Graziani, Chief Executive Officer of IDEX Biometrics, stated,“This agreement represents the first major design win for IDEX TrustedBio turnkey solution .“
Mr. Graziani continued,“This agreement confirms that IDEX Biometrics is enabling the acceleration of market deployment for biometric smart cards. Together with our partner we will take to market a state of the art biometric smart card solution delivering secure and seamless user experience to millions of consumers globally .”
About IDEX Biometrics
IDEX Biometrics ASA (idexbiometrics.com) is a 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 or unlock devices 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.
IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Contact: Brett L Perry, U.S. Investor Relations
T: +1 214-272-0070 - E: bperry[.]sheltongroup.com.