IDEX poised for commercial biometric card volumes
Oslo, Norway, 9 January 2018 – IDEX, a leading provider of advanced fingerprint solutions, is making rapid progress on commercialising its products for biometric cards. Recently, IDEX and its partners commenced the certification process for contact-based payment cards, in line with previous communication.
The certification process is expected to complete early in the second quarter of 2018, and is the final stage before volume shipment of biometric cards to end customers. This certification relates to the existing qualified IDEX sensor, and is independent from any of the recent product expansion launches by IDEX, such as the new 13×13 sensor or the self-enrol solution. In parallel with this certification process, there is major activity to exploit the strong market pull for these biometric cards. This includes commercial launch preparations with the previously announced partners, and commercial trials for additional end customers.
The momentum for biometric cards is being accelerated by the strong pipeline of innovative new products The novel self-enrol solution, matcher algorithm and 13×13 sensor recently announced by IDEX will create significant commercial opportunities in addition to the existing product portfolio. The previously launched IDEX sensor solutions, for dual-interface cards, is expected to be integrated into ISO cards by leading card customers in the first half of 2018. IDEX’s dual-interface card does not require a battery nor any add-on power-enhancement technologies.
IDEX is also expanding opportunities for both the contact-based and dual-interface card products which are independent from the certification process mentioned above. These opportunities include multiple Asian partners, such as Feitian Technologies as announced in November 2017. It is clear from the engagements that there is rapidly growing demand from customers in Asia for multiple application verticals, including ID and access control. These programs are fast moving, and as a result of recent product sampling, IDEX expects these engagements to result in product orders in the first half of 2018.
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, firstname.lastname@example.org
Henrik Knudtzon, CFO, +47 9302 2827, email@example.com
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.
For more information, please visit www.idexbiometrics.com