IDEX Biometrics, also known as IDEX 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.
The market for biometric cards, in particular, has significant momentum attracting strong interest from consumers, financial institutions, retailers, card manufacturers and payment networks. IDEX is working with a range of customers who are integrating IDEX’s fingerprint sensors and biometric modules into both contact-based and contactless cards.
On the 18th September 2018 IDEX Biometrics achieved a world-first with the receipt of a production order of biometric fingerprint sensors for payment cards. IDEX expects to start shipping against the order in the third quarter of 2018 and expects additional orders to follow. Stan Swearingen, CEO of IDEX Biometrics commented, “We are incredibly proud to have reached this very important milestone with our strategic partner. The order marks the start of the industrialization phase for biometric cards, and is the result of years of dedication and hard work and is validation of IDEX’s leadership position in this very innovative market”.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics.