Oslo, Norway, 16 April 2020: IDEX Biometrics ASA, a leading provider of advanced
fingerprint identification and authentication solutions, today announced that
its dual interface technology has been included in a recently certified
biometric payment card. The certification was achieved with our partner, a
leading European headquartered tier 1 payment card manufacturer. This is the
second certified biometric payment card that includes IDEX's technology, the
other being issued on the China UnionPay network.
This certification is another critical milestone for IDEX. Its complete
biometric solution, including sensor, software and matching algorithm, are now
certified for biometric payment cards available on two leading global payment
networks. IDEX is the only fingerprint company to have achieved certification
for its system solution with two global payment networks. These networks between
them represent 70% of the global brand general purpose payment cards. The
certifications enable the transition from the pilot phase to commercialization
and broad market adoption of biometric payment cards. The total addressable
market for biometric payment cards is 8.2 billion units and growing.
IDEX Biometrics CEO, Vince Graziani commented, "This is another significant
achievement for IDEX as it validates that our technology has passed the
stringent certification requirements from multiple major global payment schemes.
Certified payment cards including IDEX's technology are now available for
commercial launches globally." continued Vince.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com (mailto:marianne.boe@idexbiometrics.com)
Tel: + 47 918 00186
Derek D'Antilio, Chief financial Officer
E-mail: derek.dantilio@idexbiometrics.com
(mailto:derek.dantilio@idexbiometrics.com)
Tel: +1 197 827 31344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a 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 on Twitter @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act