IDEX's sensor for dual-interface biometric cards integrated by Feitian
Oslo, Norway - 16 July 2018 - IDEX ASA, the leading provider of advanced
fingerprint identification and authentication solutions, announces that its
sensors for dual-interface biometric cards have successfully passed engineering
integration and validation at Feitian, a leading provider of user authentication
and transaction security.
"We are very pleased that Feitian is using our sensors in their dual interface
biometric cards, and that their feedback on the products is very positive. The
application is for banking on a major Chinese payment network", says Stan
Swearingen, CEO of IDEX. He continues: "IDEX is on track for commercialisation
of the sensor, which will be important in this rapidly growing market."
IDEX first launched its sensor for dual-interface biometric cards in June 2017.
The sensor has a power management system supporting biometric card operation
without a battery and with standard NFC terminals. Based on IDEX's off-chip
sensor technology, the sensor is made of polymer, offering a unique flexibility
and competitive cost position.
"Having a sensor suitable for dual-interface cards is very important to meet
customer demand, especially in the banking segment. Although we do see demand
for contact based only solutions, the convenience of a contact-less 'tap and
pay' experience is unrivalled. With a biometric sensor, issuers can add security
to the experience", continues Stan Swearingen.
IDEX is also working with several other major card vendors who are currently
integrating IDEX's sensor into their biometric cards.
Contact:
Charlotte Knudsen, Director of IR and Communications,
+47 9756 1959, ck@idexbiometrics.com
Henrik Knudtzon, CFO,
+47 9302 2827, henrik.knudtzon@idexbiometrics.com
About IDEX ASA:
IDEX is a leading developer of advanced off-chip fingerprint sensors and
complete system solutions to a range of biometrically-enabled applications,
including smart cards, Internet of Things (IoT) and mobile. The company's
technology is based on a fundamentally unique architecture that delivers form
factor flexibility and superior cost-performance characteristics. IDEX's total
addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.
For more information, please visit www.idexbiometrics.com and follow us on
Twitter @IDEXASA
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.