Oslo, Norway, 2 June 2017 - Late last year IDEX announced
the partnership with Safran Identity & Security to
commercialize the first mass deployable biometric smart
card. Oberthur Technologies (OT) and Safran Identity
& Security (Morpho) are now joining forces to create
a world leader in digital security & identification
technologies.
In September 2016, the Safran Group announced that it
was in exclusive negotiations with the owner of OT to
sell its identity and security activities. The
transaction finalized on 31 May 2017, and the merged
company has the temporarily designated name "OT-Morpho".
OT-Morpho has a mix of activities addressing the specific
needs of five major industries: Financial services,
Telecom, Identity, Security and IoT. OT-Morpho has an
extensive global presence and a unique technological
expertise. With close to EUR 3 billion in revenues,
OT-Morpho employs more than 14,000 employees worldwide.
Recently, Safran Identity & Security (Morpho) revealed
that it is contributing with biometric card software
and manufacturing capacities for the recently announced
Mastercard next generation biometric card.
The emerging mass market for biometric sensors in
cards is a priority for IDEX. IDEX recently
announced that the company's flexible off-chip
fingerprint sensor is featured in the pioneering
Mastercard next generation biometric card, which
was publicly unveiled on 20 April 2017. This card
was deployed in successful trials in South Africa.
IDEX is investing significant resources in its
leadership position in the card market, and is
developing flexible low power sensors suitable
for contactless cards. In parallel, IDEX
continues to build major partnerships to
increase sales channels and scale for multiple
verticals in the biometric card market.
Contact:
Charlotte Knudsen, Director of IR and
Communications, +47 9756 1959, ck@idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no
Twitter: http://www.twitter.com/idexasa
About IDEX
IDEX develops and sells advanced fingerprint sensor
technology and products. The Company's technology
is used in a range of biometrically enabled
applications within three core markets: Mobile,
Smart Cards and Internet of Things (IoT). IDEX's
addressable market represents a fast-growing
multi-billion unit opportunity.
IDEX's technology includes both the conventional
silicon sensor and a unique off-chip technology,
which means that the Company can offer its
partners solutions which are flexible
and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company,
founded in 1996 and listed on the Oslo
stock exchange in 2010.
For more information,
please visit www.idex.no