Oslo, Norway, 1 August 2019: IDEX Biometrics (IDEX ASA), the leading provider of
advanced fingerprint identification and authentication solutions, has entered
into partnership with Silone Cardtech ("Silone"), a leading smart card
integrator specializing in the development, design, manufacturing and sale of
high quality dual-interface smart cards.
Silone delivers over 300 million smart cards and inlays around the world each
year. Their commitment to the highest standards of card security, production and
quality assurance has resulted in certifications by Mastercard, VISA, China
Union Pay and JCB.
IDEX has a growing commercial presence in Asia where it is seeing increasing
demand for biometric payment solutions. IDEX and Silone will be working in close
partnership to deliver mass volume, dual-interface biometric payment cards in
the region.
William Ju, CEO at Silone adds: "Our customers are some of the largest card
vendors in the world and we are excited by the prospect of being able to offer
them the next level of security and convenience in their smart cards. High
volume manufacturing of biometric smart cards requires considerable expertise
and this partnership with IDEX, the leader in off-chip sensing technology, will
help us to meet our customers' needs"
Stan Swearingen, CEO of IDEX Biometrics: "This partnership with Silone further
strengthens IDEX's commitment to satisfy the increasing demands for biometric
smart cards. Silone are proven specialists in manufacturing high quality smart
card products and together we offer a compelling value proposition for
customers."
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About Silone
Founded in 2001 in Shenzhen, China, Silone Cardtech specializes in the
development, design, manufacturing and sale of high quality contactless, contact
and dual-interface smart cards, as well as manufacturing and design of
production and testing equipment for the smart card industry.
With subsidiaries in Hong Kong and USA, Silone products are used worldwide in
the market such as banking, secure physical and logical identification, access
and public transportation.
For more information, visit: www.silone.com; sales1@silone.cn
About IDEX Biometrics
IDEX Biometrics ASA (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.