Oslo, Norway, 5 June 2019: IDEX Biometrics ASA, the leading provider of advanced
fingerprint identification and authentication solutions, is pleased to announce
that it is collaborating with Tongxin Microelectronics Co., Ltd ("TMC"), a major
secure element vendor in China focusing on the smart card industry. TMC and IDEX
will work closely to create a compatible biometric smart card solution for end-
customer implementation.
TMC provides secure elements, which are crucial components used by payment card
integrators. To achieve compatibility between the secure element and biometric
sensor, two critical components in a biometric payment card, both companies will
integrate IDEX's sensor with TMC's secure element for dual-interface solutions.
This solution will support both match in the biometric MCU and match in the
secure element, thus providing a higher level of security. The integration
involves joint creation of native code in the secure element to manage and
control IDEX's sensor in the operating system of the secure element.
Stan Swearingen, CEO of IDEX Biometrics comments: "The demand for biometric
smart cards is growing thanks to their increased security and convenience for
end users. Therefore, it is critical for card manufacturers that the biometric
solutions are compatible with the secure element in the card, known as the EMV
chip. IDEX is delighted to have joined forces with TMC to ensure complete
compatibility of our solutions"
Yimin Ding, Vice President at TMCÂ adds: "Through the rapid adoption of sensors
in smart phones people have become accustomed to biometric authentication. It is
a very logical next step to introduce this usability and security in payment
cards. The combined solution, with our secure element and IDEX's fingerprint
sensor which enables matching in the secure element, creates a very compelling
value proposition; a simple and secure turn-key solution for customers. This
reduces complexity and cost for the card manufacturers. We are excited about
working with IDEX's leading technology to ensure compatibility with our
solutions and look forward to seeing the market accelerate through 2019 and
beyond."
About TMC
Tongxin Microelectronics Co., Ltd (TMC) is a fabless chip design company
focusing on smart cards and related technologies. It provides chip solutions
covering mobile communications, financial payment, identification, information
security and IOT that are widely used in SIM cards, M2M devices, financial IC
cards, mobile payment cards, social security cards, city cards, health cards,
residence cards, SE, mPOS controller, USB-Keys, contactless readers, etc,
serving the global market.
Established at the end of 2001, TMC has engaged in its own core technology's
R&D, carrying out continuous innovation, won the first prize of National
Scientific Progress once and hundreds of proprietary technologies. TMC is a
wholly subsidiary of Unigroup Guoxin Microelectronics Co., Ltd. (Stock Code:
002049, "GUOXIN MICRO" for short), which is controlled by Tsinghua Unigroup.
GUOXIN MICRO is one of the largest IC design listed companies. As the leading
brand of security chip, relaying on Tsinghua Unigroup's capital strength and
Tsinghua University's talent as well as technology accumulation, the company has
been constantly refreshing its leading technology advantages, and becomes the
most reliable industry partner with its high-performance chip products and
services, and steps forward to the forefront of smart security chip technology.
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About IDEX Biometrics
IDEX Biometrics (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
(http://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.