IDEX Biometrics Receives Volume Production Order for TrustedBio Sensors from Tier 1 Card Manufacturer for Delivery in 2020
Oslo, Norway, 8 September 2020: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has received its first commercial and volume order from a global card manufacturer for the company’s TrustedBio™ biometric fingerprint sensors. These sensors will be an integral part of the card manufacturers’ next generation biometric payment card, that will be made available to financial institutions before the end of 2020. The order for TrustedBio sensors represents the next step in a partnership with the global card manufacturer that has seen successful pilots and certifications with prior generations of IDEX’s fingerprint sensor products.
“We are delighted to have received our first purchase order for TrustedBio fingerprint sensors,” said Vince Graziani, CEO of IDEX Biometrics. Vince continued, “Our TrustedBio fingerprint sensors and biometric solutions offer very compelling cost and performance benefits, to both card manufacturers and card issuers. This marks the beginning of TrustedBio commercialization. We expect these biometric payment cards to be deployed, in large volumes, by multiple card issuers.”
For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 9180 0186
Derek D’Antilio, Chief financial Officer
E-mail: derek.dantilio@idexbiometrics.com
Tel: +1 197 827 31344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of fingerprint identification technologies offering simple, secure and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings. We invent, engineer, and commercialize these secure and safe 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 on Twitter @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Ac
