Oslo, Norway, 8 October 2019: IDEX Biometrics ASA, the leading provider of
advanced fingerprint identification and authentication solutions, has entered a
worldwide license agreement with Chutian Dragon Co., Ltd ("Chutian Dragon"), one
of Asia's largest smart card manufacturers, for use of IDEX's biometric
enrollment intellectual property.
Under the terms of the agreement, IDEX has granted Chutian Dragon a royalty-
bearing patent license to use certain IDEX patents in order to develop,
manufacture and sell on-card enrollment devices.
This license agreement follows on from a recent agreement announced in
partnership with IDEMIA. Further license agreements are anticipated over time.
Stan Swearingen, CEO of IDEX Biometrics comments: "I'm delighted that IDEX is
extending its relationship with Chutian Dragon through this license agreement.
This innovative way to enroll a biometric smart card is destined to grow in
popularity and help bring biometric smart cards into mainstream use."
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
Anne McAleer, Director, Intellectual Property
+44 (0)7900 279 473
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
About Chutian Dragon Co., Ltd.
Chutian Dragon Co., Ltd. manufactures, supplies, and services smart cards and
other cards. It offers telecom SIM, telecom phone, VISA smart, MasterCard smart,
UnionPay, social security ID, bus travel, scratch, magnetic stripe, dual
interface, custom ID, Magstripe, contactless IC, contact smart, custom smart,
M2M SIM, and Mifare cards, as well as SIM card envelopes and mobile phone
brackets. The company also provides professional smart card and relevant
application platform systems and terminal equipment.
For more information: http://www.ctdcn.com/en/
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.