IDEX Biometrics receives volume production order as IDEMIA accelerates biometric payment card expansion
November 16 2022 - 01:48AM
IDEX Biometrics receives volume production order as IDEMIA
accelerates biometric payment card expansion
Oslo, Norway – 16 November 2022 – IDEX Biometrics ASA has
received a volume production order from its partner IDEMIA,
representing the largest order to date for IDEX TrustedBio sensors.
The order represents more than USD 2 million in revenue for IDEX
and will begin shipping in Q1 2023. IDEX and IDEMIA are seeing
market acceleration for biometric payment cards, and in early
November the two companies announced a full-scale biometric card
program by a major bank in the UAE. IDEX Biometrics has also
recently confirmed agreements with issuers in Turkey and in the UK
for biometric card programs, anticipated to reach markets in the
first half of 2023. ”This order from our partner IDEMIA reflects
the increasing demand for biometric payment cards powered by IDEX
Biometrics TrustedBio technology. IDEMIA has come to market with a
superior solution which is gaining traction as banks begin to
launch large-scale biometric card programs globally”, comments
Vince Graziani, CEO of IDEX Biometrics.
For further information contact: Marianne Bøe,
Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com Tel: + 47 918
00186
About IDEX Biometrics
IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) is a 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 or unlock devices 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
TRADEMARK STATEMENTIDEX, TrustedBio, IDEX
Biometrics and the IDEX logo are trademarks owned by IDEX
Biometrics ASA. All other brands or product names are the property
of their respective holders.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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