Agency / Source: IDEX ASA

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IDEX Biometrics Expands Landmark Partnership with Global Payment Solutions Provider to Include Joint Marketing and Sales - IDEX Biometrics ASA has expanded its technical partnership with a global provider of EMVCo secure element solutions to include a commercial framework that will accelerate biometric smart card adoption - EMVCo.com / IDEXBiometrics.com
IDEX Biometrics Expands Landmark Partnership with Global Payment Solutions Provider to Include Joint Marketing and Sales

 

PRZOOM - /newswire/ - Oslo, Norway, 2021/02/12 - IDEX Biometrics ASA has expanded its technical partnership with a global provider of EMVCo secure element solutions to include a commercial framework that will accelerate biometric smart card adoption - EMVCo.com / IDEXBiometrics.com. OSE: IDEX

   
 
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IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has expanded its technical partnership with a global provider of EMVCo secure element solutions (emvco.com) to include a commercial framework that will accelerate biometric smart card adoption.

Together, the companies will offer a fully integrated, system for biometric smart cards including market leading secure element devices and IDEX’s TrustedBio™ biometric sensor technologies together with algorithms and software. The commercial framework includes incentives for each company to sell the complete solution under mutually beneficial commercial terms.

“This partnership and the relationship between IDEX and our partner are very important to cement our leading position in the payment and biometric segments and will expand our global customer and issuer reach. We are bringing a complete solution to enable card manufacturers and integrators to easily design biometric smart cards with enhanced security and a superior user experience at a disruptive cost point. This solution will accelerate the adoption of biometric cards,” comments Vince Graziani, Chief Executive Officer, IDEX Biometrics.

The first-generation platform based on this collaboration will be available for high volume production in the second half of 2021.

Contact: Marianne Bøe, Investor Relations
T: +47 918 00186 - E: marianne.boe[.]idexbiometrics.com.

About IDEX Biometrics

IDEX Biometrics ASA (idexbiometrics.com) 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.

TRADEMARK STATEMENT
The wordmark ‘IDEX’ and the IDEX logo are registered trademarks of IDEX 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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IDEX Biometrics Expands Landmark Partnership with Global Payment Solutions Provider to Include Joint Marketing and Sales

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EMVCo | IDEX Biometrics ASA
Contact: Derek P. D’Antilio - IDEXBiometrics.com 
+1 978-273-1344 derek.dantilio[.]idexbiometrics.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any IDEX ASA securities in any jurisdiction including any other companies listed or named in this release.

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