Oslo,
Norway, 29 November 2018 - IDEX Biometrics (IDEX ASA) the
leading provider of advanced fingerprint identification and
authentication solutions, has announced a collaboration with CEC
Huada Electronic Design Co., Ltd. (HED) on a reference design for
biometric smart cards.
IDEX collaborates with industry leaders in the smart card space to
accelerate the growth and availability of biometric smart cards.
One of the critical components of a smart card is the secure
element (SE), which is a tamper-resistant chip which securely hosts
the matching algorithm and stores sensitive data in the smart card.
For an optimally performing biometric smart card it's
essential that all the components of the card work seamlessly.
The collaboration between HED and IDEX reduces
complexity, simplifies integration and ultimately
shortens time-to-market.
Stan Swearingen, CEO at IDEX
Biometrics commented "As the leading fingerprint biometrics company
in the smart card segment we are continuously looking to work
with partners who can help accelerate and build the biometric
smart card market. HED is the largest Chinese SE company, with a
dominant position across several verticals, including national ID,
social security, banking cards, and ships more than 1.5 billion
pieces annually. HED is strong proponent for biometric smart cards,
and we are confident the collaboration will be beneficial for both
parties as well as the end user."
Chang Feng, General Manager
at HED commented "There is significant demand for the next
generation of biometric smart cards. Adding biometrics enhances the
user experience and security level in a smart card. To ensure an
optimal solution it's critical that the biometric system is
compatible with the SE, and this is core to the IDEX and HED
collaboration. We expect the reference design to be in very high
demand across multiple verticals, including banking,
identification, and social security."
IDEX
Biometrics Contact:
Henrik Knudtzon, CFO, +47 9302 2827,
Henrik.knudtzon@idexbiometrics.com
About HED
CEC Huada Electronic Design Co., Ltd. (HED), founded in June 2002
and controlled by China Electronics Corporation (CEC) which is a
Fortune Global 500 company, is China's leading smart card and
security chip supplier as well as total solution provider. HED
products are widely applied in financial payment, government public
utilities, identification, telecommunications and mobile payments
etc. at home and worldwide. In recent years, HED has committed to
new technology R&D and new applications exploration of the
Internet of things and launches new product line and system
solutions to gear to the requirements of intelligent
transportation, smart home, and other areas of the Internet of
things.HED chips are distributed globally in countries and regions
including Southeast Asia, Europe, the Americas, Africa and
Australia etc.
For more information, visit
www.hed.com.cn.
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.