Leading Asian payment scheme demonstrates biometric cards featuring IDEX dual-interface fingerprint sensor

Oslo, Norway, 7 May 2019: IDEX Biometrics (IDEX ASA), the leading provider of advanced fingerprint identification and authentication solutions, is pleased to announce that its fingerprint sensor solutions are featured in dual interface biometric cards being demonstrated by a leading Asian payment scheme at the 2nd Digital China Summit this week in Fuzhou, China.

In the last few quarters IDEX has announced collaborations with a range of major Chinese card integrators and other players in the card ecosystem. This week some of the results of these collaborations are being put on display. Now one of the world’s major payment schemes is demonstrating a biometric card featuring IDEX’s dual-interface sensor. This card is manufactured by Hengbao, one of the biggest card manufacturers in China, which IDEX announced a partnership with in September of last year.

According to market research company ABI Research, the total volume of shipped smart card for payments in Asia in 2017 was 1.3 billion cards. The annual volume is expected to increase to 1.8 billion cards by 2022.

Stan Swearingen, CEO of IDEX Biometrics adds: “This is an exciting milestone for the biometric payment card market, both in China and beyond. We are very proud that our dual-interface sensor is featuring on this card from Hengbao and being demonstrated by one of the biggest payment schemes in the world.”

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.