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Biometric Authentication Solutions
IDEX Biometrics design and commercialize fingerprint sensor solutions for payments cards, digital wallets and cyber authentication.
Our solutions are available to the global payments market through our certified solutions with Visa, Mastercard and China UnionPay.
- 29 October 2024
Oslo, Norway – October 29, 2024 – IDEX Biometrics has appointed Kristian Flaten as Chief Financial Officer, effective November 1, 2024. Kristian Flaten brings over 25 years of financial leadership and experience with international business and financing, including from Asian growth markets, a strong focus for IDEX Biometrics. He has a proven track record in corporate finance, debt financing and business development in growth companies. Kristian has a background as CFO with Quantafuel ASA, recycling plastic waste, and as VP Corporate Finance with BW Offshore, oilfield services. Additionally, he has experience from the financial sector with Export Finance Norway and Handelsbanken. Kristian holds a Master of Science from NHH (Norwegian School of Economics), with majors in Finance and Strategy. He will be based at IDEX Biometrics headquarters in Oslo. “We are most pleased to welcome Kristian to our executive team,” says Catharina Eklof, Chief Executive Officer of IDEX Biometrics. “Bringing on Kristian is an important step in the business transformation of IDEX. Kristian comes with critical experience from growth companies and his proven track record will be key as we continue to evolve IDEX, and drive innovation in biometric platform and software solution expansion to key markets.” “I am excited to join IDEX Biometrics at this pivotal time of the company’s growth journey,” comments Kristian Flaten. “I look forward to working with the talented team to support the company’s strategic initiatives.” Kristian Flaten is succeeding John Kurtzweil, who will continue to support the company in an advisory role. The company extends its warm gratitude to John for his excellent contributions during his tenure and for ensuring a smooth transition to Kristian. For further information contact: Marianne Bøe, Head of Investor Relations Email: ir@idexbiometrics.com Tel: + 47 67 83 91 19 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.For more information, visit www.idexbiometrics.com Trademark StatementIDEX, 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. About this notice:This notice was issued by Marianne Bøe, Head of Investor Relations, on 29 October 2024 at 08:10 on behalf of IDEX Biometrics ASA.
- 29 October 2024
Oslo, Norway – 29 October 2024 – IDEX Biometrics ASA’s interim report for the third quarter is attached to this notice (link below). The interim report is also available on the IDEX Biometrics website: www.idexbiometrics.com/investors/interim-results/ A webcast presentation of the interim report will be held by Catharina Eklof, Chief Executive Officer, today at 09:00 CET. The webcast presentation is attached to this notice (link below), and can be viewed at the following link: https://idexbiometrics.videosync.fi/q3-2024 “Transitioning into the CEO role this quarter, my focus has been on executing our transformation program and implementing key initiatives to achieve the targeted cash quarterly operating expense run rate of $2.5 million. By the end of the third quarter, IDEX had executed on targeted reorganization initiatives, significantly reducing operating expenses. We have consolidated our technology and administrative teams into the UK and Europe, and optimized our entire workforce to capture the fast growing opportunity across the APAC region.” Said Catharina Eklof, Chief Executive Officer at IDEX Biometrics. Ms. Eklof added, “On the customer side, we continue to expand our manufacturing partners and solution integrators with our open software platforms and flexible operating system. Focus over the last quarters has been on supporting manufacturers from certification to industrialized production. As a result, KONA I has achieved Mastercard approval for the world first metal biometric card, based on the IDEX Pay platform. A first commercial program is now in the planning phase of being rolled out in Asia.” In September, IDEX demonstrated a successful live transaction on the India based RuPay network with IDEX Pay, together with our manufacturing partners. This is a leading indicator of the IDEX biometric platform readiness to bring trusted identity solutions to consumers around the world. Financials: Revenues in the third quarter totaled $0.1M.Net Income in Q3 was $1.4M with Adjusted Net Loss of $4.8M. Adjustments are related to the restructuring charges and the derivative value changes.Operating expenses reduced to $4.1M, a reduction of $2.0M from last quarter.Restructuring cost during Q3 were $0.4M including severance and other items. Restructuring gain of $0.7M resulting from two lease cancellations. On track to achieve a cash operating run-rate of $2.5M per quarter by the end of this year.Recorded a gain of $5.5M from a change in the derivative value related to outstanding warrants and the favorable renegotiation of our outstanding convertible bond. For further information contact:Marianne Bøe, Head of Investor RelationsE-mail: ir@idexbiometrics.comTel: + 47 67 83 91 19 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com TRADEMARK STATEMENTIDEX, TrustedBio, 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. Attachments IDEX 2024 Q3 Report IDEX Presentation Q3 2024_Published
- 14 October 2024
Reference is made to the notice on 9 October 2024 regarding issue of Tranche 2 shares and the warrants of the private placement completed on 16 September 2024. The private placement consisted of two tranches, with total gross proceeds amounting to NOK 70 million. The share capital increase related to the Tranche 2 shares has been registered and the shares will be delivered soonest. The Tranche 2 shares will be delivered on a separate and non-tradable ISIN, pending publication by the Company of a prospectus approved by the Norwegian Financial Supervisory Authority. Following the issue, the Company’s share capital will be NOK 120,812,483.10 divided into 805,416,554 shares, each with a nominal value of NOK 0.15. For further information contact:Marianne Bøe, Investor RelationsE-mail: marianne.boe@idexbiometrics.comTel: +47 918 00186 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com About this noticeThis notice was issued by Erling Svela, Vice president of finance, on 14 October 2024 at 18:10 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 5‑8 of the Norwegian Securities Trading Act (STA) and released in accordance with section 5‑12 of the STA.
- 9 October 2024
IDEX Biometrics ASA held an extraordinary general meeting on 9 October 2024. 112.2 million shares or 25.47% of the share capital was represented at the meeting. All proposals on the agenda were adopted in accordance with the proposals of the Company’s board of directors, including the approval of Tranche 2 of the private placement, the subsequent offering and the warrants issuance, all as announced on 17 September 2024. For further information contact:Marianne Bøe, Head of Investor RelationsE-mail: ir@idexbiometrics.comTel: +47 67 83 91 19 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
- 6 October 2024
At the close of business on 04 October 2024, Morten Opstad, chair of the board of IDEX Biometrics, held the following voting rights in IDEX, for the extraordinary general meeting on 09 October 2024. Total 96,929,296 shares or 22.01% of the share capital and votes, including shares held by Mr. Opstad and close relations. Some of the proxies may include voting instructions. Contact personMarianne Bøe, Head of Investor RelationsE-mail: ir@idexbiometrics.comTel: +47 67 83 91 19 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com (http://www.idexbiometrics.com) About this noticeThis notice was issued by Marianne Bøe, Head of Investor Relations, on 06 October 2024 at 22:45 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 4‑2 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5-12 the Norwegian Securities Trading Act.
- 2 April 2024
In today’s digital age, citizens across the world are concerned about the ownership of identity. Nowadays, almost 90% of individuals think that one of the biggest threats to society is the infringement of someone’s right to privacy. And, as the world becomes more and more digital, this is having a significant impact on how we handle data.
- 3 January 2024
Download our latest eBook and embark on a journey towards a world powered by biometrics. Discover how digital ID offers unparalleled convenience, security, and inclusivity and how biometric smart cards bridge the digital divide for an inclusive digital economy.
- 26 August 2024
Norway-based card manufacturer IDEX Biometrics has announced that its IDEX Pay was certified by Visa via the latter’s VBSS biometric payment application. Including the IDEX Biometrics card operating system and a fingerprint sensor with Infineon’s SLC38 secure element, the IDEX Pay biometric solution successfully passed Visa’s certification leveraging Visa’s VBSS biometric payment application. The receipt of the Visa certification follows comprehensive biometric performance testing and ensures that the payment’s scheme functional and security features are met. In addition, the certification confirms that IDEX Pay is prepared for scaled commercialisation on the Visa payment network. Currently having over 3 million Visa cards in circulation and a solid market position in APAC, Latin America, and Africa, the certification supports the capabilities of card manufacturers worldwide. Read more
- 20 August 2024
Catharina Eklof has been appointed as the new Chief Executive Officer of Idex Biometrics, following a successful three-year period as the company’s Chief Commercial Officer. During her tenure, Eklof played a pivotal role in transforming Idex from a component supplier into a prominent provider of biometric solutions. Read more
- 15 August 2024
TaluCard, in collaboration with IDEX Biometrics and a UK-based issuer, has launched a new biometric payment solution designed to improve accessibility and security. This initiative aims to improve payment experiences, particularly for individuals with visual impairments and older adults Read more
- 18 June 2024
BCC has obtained the Letter of Approval (LoA) from Mastercard for its biometric payment card built on the IDEX Pay platform, allowing the issuance and deployment of biometric cards globally. With an annual production of 121 million payment cards, BCC is one of the top 10 smart card manufacturers globally, specialized in the manufacturing, personalizing, and packaging of payment and multiple-application cards. IDEX Pay based biometric smart cards complete BCC’s offering of eco sustainable card solutions in Asia and globally. Read more
- 14 May 2024
A collaboration between Money Carer, Tag Systems, and Fingerprint Cards has led to the development of a biometric-enabled carer card aimed at enhancing security measures in financial management for individuals unable to handle their finances independently. Money Carer, known for its financial services catering to vulnerable individuals in the UK, plays a key role in this partnership by focusing on the enhancement of the existing card for personal care workers. Read more
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