Oslo, Norway, 21 October 2020: IDEX Biometrics ASA, a leading provider of
advanced fingerprint identification and authentication solutions, has received a
production order for its TrustedBio(TM) products from Ubivelox, a global smart card
and software manufacturer headquartered in Seoul, South Korea.
The order for TrustedBio sensors represents the next step in a partnership,
announced in September 2020, between IDEX and Ubivelox. The parties are
committed to deliver a complete biometric payment card solution to service
Ubivelox's extensive 140+ customer base, particularly Mastercard and Visa
issuers, across Asia Pacific.
"We are excited to receive this order for TrustedBio fingerprint sensors just a
few weeks after announcing our partnership with Ubivelox. IDEX TrustedBio
fingerprint sensors and biometric solutions are seeing rapidly increasing demand
due to our market leading cost and performance to both card manufacturers and
card issuers," said Vince Graziani, CEO of IDEX Biometrics.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47?9180 0186
Derek D'Antilio, Chief financial Officer
E-mail: 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
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About Ubivelox
Ubivelox (KOSDAQ: A089850) Ubivelox is Asia's leading smart card and mobile
convergence business, focused on banking, telecommunication, transportation and
national ID cards. Providing smart card system solutions, secure elements,
mobile payment solutions, mobile wallet, e-coupons and service platforms, they
hold the 5th position in the global banking smart card market and strive to be a
pioneer in technology. Ubivelox deliver 80 million banking cards to customers
per year and an additional 100 million cards through licensing their system on
chip (Soc).
TRADEMARK STATEMENT
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