IDEX Biometrics Receives Production Order from Zwipe as the Roll-Out of Biometric Cards Accelerates
Oslo, Norway, 19 October 2020: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has received an order for 300,000 units from its partner Zwipe, a leading biometric fintech company.
The order, of 300,000 units, of IDEX’s TrustedBio™ fingerprint sensors, will support the roll-out of Zwipe’s Pay ONE platform to a growing list of smart card manufacturers and card issuers in Europe, the Americas and Asia. A Pay ONE platform deployment, with IDEX’s next generation fingerprint sensor, will be among the best performing and most cost-effective biometric payment card solutions in the marketplace.
This marks the first commercial order since the two companies signed a Channel Partner Agreement earlier in 2020.
“We are delighted to receive this sizeable order. The order is a very encouraging start to our recent partnership with Zwipe. We, and Zwipe, firmly believe the combination of the Pay ONE platform with IDEX’s TrustedBio sensor is a leading solution just as the market for biometric smart cards begins to ramp up,” said Vince Graziani, CEO of IDEX Biometrics. Vince added “We look forward to a long term and mutually beneficial partnership”
For further information contact:
Marianne Bøe, Investor Relations
Tel: + 47 918 00186
Derek D’Antilio, Chief Financial Officer
Tel: +1 978 273 1344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of fingerprint identification technologies offering simple, secure and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings. We invent, engineer, and commercialize these secure and safe yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow on Twitter @IDEXBiometrics
The wordmark ‘IDEX’ and the IDEX logo are registered trademarks of IDEX 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