IDEX Unveils World’s First Flexible Touch Fingerprint Sensor for ISO Cards
IDEX ASA today announced that it has successfully completed development of a flexible polymer touch sensor with image quality and performance criteria specifically designed for smart and ID card applications. This world-first touch sensor for ISO ID-1 form factor cards is in support of IDEX’s ongoing strategic partnership with a global payments company.
“For years the biometric security industry’s challenge has been to a create fingerprint touch sensor thin enough and flexible enough for the ISO ID-1 form factor, whilst also being durable enough to withstand the typical use-case for a payment or smart card. The IDEX Flexible Touch Fingerprint Sensor delivers this and produces the required image sensing quality and biometric performance using a low-resource secure algorithm,” said Dr. Hemant Mardia, CEO of IDEX. “Leveraging IDEX’s unique off-chip sensor design architecture, I’m proud to say that IDEX has successfully turned this into a reality. To be clear, the ability to seamlessly integrate a flexible, low-cost polymer touch sensor into an industry standard card thickness of only 0.76mm, and do so in a way that can be efficiently replicated in high production volumes, is a significant technical achievement for IDEX’s research and development team. It also represents a major breakthrough for the ID card industry and payments protection in particular. IDEX is working with a top tier eco-system for producing and deploying this product in mass volumes. The IDEX Flexible Touch Fingerprint sensor for cards is now undergoing comprehensive programme of ‘real world’ function testing. We expect the IDEX sensor to be integrated into cards as part of a pilot and product qualification program with IDEX’s global payments partner within the coming months.”
In June 2015 IDEX announced that it had entered into a strategic partnership with an undisclosed global payments company for the development of a worldwide biometric payment card program. The design and development of this flexible polymer touch sensor enables compatibility with a standard, volume card manufacturing processes to be deployed as part of tier-one bank, smartcard and ID card ecosystems. IDEX expects initial volume shipments of its fingerprint sensors for cards to commence in the second half 2016.
Henrik Knudtzon CFO, +47 9302 2827, henrik.knudtzon(at)idexbiometrics.com
Hemant Mardia, CEO, +44 7788 922 171, hemant.mardia(at)idexbiometrics.com
IDEX has developed the world’s most advanced fingerprint imaging, recognition and authentication technology. IDEX’s innovative Intellectual Property (IP) is protected by a comprehensive portfolio of more than 225 patents, and IDEX continues to enhance the portfolio with its commitment to ongoing world class research and innovation.
The IDEX business model involves the design of fingerprint sensor IP and products. IDEX sells fingerprint sensor products, and licences its technology to global Original Equipment Manufacturers (OEM) partners. These partners utilise IDEX IP in a range of innovative biometrically enabled products and pay IDEX either a royalty on every product item produced, or purchase the fingerprint sensor units.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets:
ID security and Smart Cards
The Internet of Things
IDEX has an exciting and competitive product ready road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The Company is currently in the process of commercialising these products and has recently announced a number of important OEM partnerships and end user design wins.
In February 2016, Idex announced that it had received its first production order for its Cardinal touch fingerprint sensor optimized for tier-one mobile handsets, IDEX will begin to ship units in the second quarter 2016.
IDEX ASA (ticker IDEX) is a Norwegian public company, founded in 1995, and its shares are Listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.