Oslo, Norway, 19 October 2020: IDEX Biometrics ASA, a leading provider of
advanced fingerprint identification and authentication solutions, has received
an order for 300,000 units from its partner Zwipe, a leading biometric fintech
company.
The order, of 300,000 units, of IDEX's TrustedBio(TM) fingerprint sensors, will
support the roll-out of Zwipe's Pay ONE platform to a growing list of smart card
manufacturers and card issuers in Europe, the Americas and Asia. A Pay ONE
platform deployment, with IDEX's next generation fingerprint sensor, will be
among the best performing and most cost-effective biometric payment card
solutions in the marketplace.
This marks the first commercial order since the two companies signed a Channel
Partner Agreement earlier in 2020.
"We are delighted to receive this sizeable order. The order is a very
encouraging start to our recent partnership with Zwipe. We, and Zwipe, firmly
believe the combination of the Pay ONE platform with IDEX's TrustedBio sensor is
a leading solution just as the market for biometric smart cards begins to ramp
up," said Vince Graziani, CEO of IDEX Biometrics. Vince added "We look forward
to a long term and mutually beneficial partnership"
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: +1 978 273 1344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of
fingerprint identification technologies offering simple, secure and personal
touch-free authentication for all. We help people make payments, prove their
identity, gain access to information, unlock devices or gain admittance to
buildings. We invent, engineer, and commercialize these secure and safe 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
Trademark
The wordmark "IDEX", and the IDEX logo are registered trademarks of IDEX ASA.
All other brands or product names are the property of their respective holders.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act