Oslo,
Norway, 23 November 2018: IDEX Biometrics (IDEX ASA), the
leading provider of advanced fingerprint identification and
authentication solutions, is pleased to announce that it has
partnered with Chutian Dragon Co., Ltd ("CTD") in China for
developing dual-interface biometric cards to multiple verticals,
including payment and ID. Chutian Dragon will demonstrate the cards
at the 2018 TrustTech trade show in Cannes, 27-29 November.
Chutian Dragon is a
state-level high-tech enterprise combining product design, smart
card production, sales and service of professional smart cards and
relevant application platform system or terminal equipment. Chutian
Dragon targets multiple verticals and is certified by China Union
Pay, MasterCard, VISA, AMEX and JCB. Their production capabilities
are 700 million units per year, and Chutian Dragon is the main
supplier of China Social ID Cards and has been one of the largest
suppliers of cards to China Union Pay for several years.
Stan Swearingen, CEO of IDEX Biometrics comments, "Chutian Dragon
recognize the excellent value proposition of adding biometrics to
smart cards. It's an established global player with a very strong
position in China and is a great match with IDEX. Chutian Dragon is
moving very fast on adopting biometric smart cards, and we are very
proud that they will showcase the dual-interface cards with our
fingerprint technology at TrustTech 2018."
Susan Su, CEO of Chutian
Dragon continues, "We're very proud to be bringing the next
generation of smart cards to the market. People have become
accustomed to biometrics in their daily lives through smart phones,
and the value proposition is equally strong, if not stronger, for
smart cards. The IDEX fingerprint technology ensures a great user
experience matched with high security, and we expect strong demand
across the payment, ID and other verticals."
Contact:
Henrik Knudtzon, CFO,
+47 9302 2827, henrik.knudtzon@idexbiometrics.com
About Chutian Dragon Co.
Chutian Dragon Co., Ltd.
manufactures, supplies, and services smart cards and other cards.
It offers telecom SIM, telecom phone, VISA smart, MasterCard smart,
UnionPay, social security ID, bus travel, scratch, magnetic stripe,
dual interface, custom ID, Magstripe, contactless IC, contact
smart, custom smart, M2M SIM, and Mifare cards, as well as SIM card
envelopes and mobile phone brackets. The company also provides
professional smart card and relevant application platform systems
and terminal equipment. It serves telecom communication, social
security, finance, transportation, identity recognition, and other
industries in Asia, Europe, America, and Africa. Chutian Dragon
Co., Ltd. was founded in 2002 and its main manufacturing center is
based in Dongguan, China.
For more information, visit http://www.smart-iccard.com/
About IDEX Biometrics
IDEX Biometrics, also known as 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.