IDEX Biometrics signs on-card enrollment patent license agreement with Chutian Dragon
Oslo, Norway, 8 October 2019: IDEX Biometrics ASA, the leading provider of advanced fingerprint identification and authentication solutions, has entered a worldwide license agreement with Chutian Dragon Co., Ltd (“Chutian Dragon”), one of Asia’s largest smart card manufacturers, for use of IDEX’s biometric enrollment intellectual property.
Under the terms of the agreement, IDEX has granted Chutian Dragon a royalty-bearing patent license to use certain IDEX patents in order to develop, manufacture and sell on-card enrollment devices.
This license agreement follows on from a recent agreement announced in partnership with IDEMIA. Further license agreements are anticipated over time.
Stan Swearingen, CEO of IDEX Biometrics comments: “I’m delighted that IDEX is extending its relationship with Chutian Dragon through this license agreement. This innovative way to enroll a biometric smart card is destined to grow in popularity and help bring biometric smart cards into mainstream use.”
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
Anne McAleer, Director, Intellectual Property
+44 (0)7900 279 473
About IDEX Biometrics
IDEX Biometrics 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.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics
About Chutian Dragon Co., Ltd.
Chutian Dragon Co., Ltd. manufactures, supplies, and services smart cards and other cards. It offers telecom SIM, telecom phone, VISA smart, MasterCard smart, UnionPay, social security ID, bus travel, scratch, magnetic stripe, dual interface, custom ID, Magstripe, contactless IC, contact smart, custom smart, M2M SIM, and Mifare cards, as well as SIM card envelopes and mobile phone brackets. The company also provides professional smart card and relevant application platform systems and terminal equipment.
For more information: http://www.ctdcn.com/en/
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.