IDEX enters into cooperation agreement with Pierson
IDEX ASA has entered into a cooperation agreement with Pierson Capital Technology for a biometric transactional security device using SmartFinger Film.
Oslo, Norway, 29 March 2011: IDEX ASA has entered into a cooperation agreement with Pierson Capital Technology (“Pierson”).
Pierson supplies transactional security products and is a division of the Pierson Capital Group.
The agreement defines specific cooperation milestones for the qualification of the IDEX SmartFinger® Film fingerprint sensor and biometric software algorithms. The qualification of the SmartFinger Film sensor is expected in the second half of 2011.
After a successful qualification, it is the intent of Pierson and IDEX to enter into a commercial agreement under which IDEX will supply SmartFinger Film sensor technology to Pierson.
About Pierson Capital Technology
Pierson Capital Technology LLC is an American company and a part of the Pierson Capital Group. The company provides IT security services and protection systems for online and offline financial transactions. www.piersoncapitaltechnology.com
IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology. IDEX’ vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger Film technology platform including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication SmartFinger Film enables on-device enrollment, template storage and verification within the very same module. The SmartFinger Film sensor is thin and bendable and can be customized for a variety of applications such as One Time Password devices, Smartcards, ID cards, access control devices and biometric tokens. The SmartFinger technology is available to customers under an intellectual property licensing scheme or as SmartFinger Film sensor assemblies for integration into customers’ products. IDEX ASA (ticker IDEX) is listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at: firstname.lastname@example.org
IDEX press contact
Dr. Ralph W. Bernstein, CEO, IDEX ASA, +47 930 59 303, email@example.com