IDEX Biometrics receives first production order for IDEX Pay complete biometric solution
Oslo, Norway – June 16, 2023 – IDEX Biometrics has received a volume production order totalling nearly USD 1 million from a leading European manufacturer. This represents the first scale production order for the IDEX Pay certified solution including IDEX biometric software operating system and sensor technology. The significance of this order underscores the growing market demand for biometric payment cards based on the IDEX Biometrics technology, and this production will service banks launching biometric cards in Bangladesh, India, and Turkey.
“This order is another validation of strong market demand and rapid acceleration, in line with recent announcements of banks across Europe and Asia launching biometric payment cards. Market research indicates strong consumer appetite for biometric payment cards, with over 80% of consumers globally confirming interest and willingness to pay.,” stated Vince Graziani, CEO of IDEX Biometrics.
For further information contact:
Marianne Bøe, Head of Investor Relations
Tel: + 47 918 00186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) 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
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