IDEX signs agreement with leading provider of global financial news and IT services to supply next generation secure fingerprint system
Oslo, Norway, 30 April 2019: IDEX Biometrics (IDEX ASA), the leading provider of advanced fingerprint identification and authentication solutions, makes reference to the announcement on 10 April 2019. Today IDEX announces that a major global information and technology company that provides vital hardware, analytical software, data services, and news to the world’s financial companies has signed an agreement with IDEX to upgrade their existing biometric security solutions. The agreement includes a multimillion-dollar commitment for IDEX’s SmartFinger® IDX 3200 dual-interface sensors, enhanced with advanced security features and will be delivered over the next three years.
This break-through agreement represents a watershed moment for IDEX. It is the first volume order for IDEX’s SmartFinger® IDX 3200 dual-interface sensor and is the largest single customer commitment to date. It further validates and leverages IDEX’s technological leadership and industry expertise in payment cards into new markets demanding secure biometric solutions. Shipments will commence in the second half of this year.
The collaboration between the two companies will result in significant enhancements to the confidentiality and integrity of biometric data beyond the current state of the art. IDEX fully expects this secure sensor technology to drive higher levels of security in the biometric smart card market over time.
Stan Swearingen, CEO of IDEX Biometrics adds: “This landmark customer win for IDEX is a testament to the strength of our industry-leading biometric solutions and our ability to leverage our technology in mass volumes into new verticals. We’re delighted to have been chosen by a very prestigious and recognizable brand in the financial services world to deliver our total biometric solution.”
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About IDEX Biometrics
IDEX Biometrics, legal name IDEX 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
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.