Oslo, Norway - 24 October 2022 - IDEX Biometrics ASA and TrustSEC, a leading
European provider of digital authentication solutions for access control and
crypto wallets are bringing biometric smart card solutions to market in response
to the demand for more secure and seamless digital authentication. The
partnership agreement combines the TrustSEC smart card module, including card
operating system and applets, with the IDEX Biometrics TrustedBio fingerprint
sensor solution. The biometric smart card solution will secure access to
digital- and crypto currency hashwallets, as well as managing physical and
logical access for corporations, schools and governments, and is targeted to
reach the market in Q1 2023. With this collaboration, the companies will
mutually benefit from IDEX Biometrics industry leading TrustedBio sensor and
TrustSEC's experience in smartcard development and their significant customer
base within the cyber security market.
The digital identity verification market is set to rise to $16.7 billion in
2026(1), providing an important opportunity for secure solutions for crypto
hardware wallets, digital identification and card-based access applications.
Magdy Sharawy, CEO of TrustSEC says: 'TrustSEC's strategy was to bring to market
a complete security solution for identity management, access control, and crypto
wallets, with fingerprint authentication. Our collaboration with IDEX Biometrics
is bringing to market a highly secure, industry leading authentication solution
integrating the new IDEX biometric sensor with TrustSEC's Smartcard OS "SLCOS"
running on Infineon's latest generation Secure Element chip, the SLC38. We are
very confident of the success ahead and excited about this partnership.'
'Combining the high-performance biometric architecture of TrustedBio with the
complete security software solution from TrustSEC will provide an agile
authentication and information protection framework suitable for a variety of
market needs and applications. This collaboration will allow us to meet the
increasing global demand for biometric smart cards, continues Vince Graziani,
CEO of IDEX Biometrics.'
(1) Juniper Research, 2022
For further information, please contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: +47 ?918 00186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) 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 or unlock devices 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
(https://www.globenewswire.com/Tracker?data=0tQgpjLm71cPPP9wS_Gofz71z979cX7LAvzW
TIYY8zyJoM7faR_COVtkxBTZdAj-Ru34oQcVjyiazg0jwk-D0Bg2Zqs1XZdVfQemwoUG6y0=)
About TrustSEC
TrustSEC is a leading company in the information security field, founded by
internationally recognized information security and cryptography experts.
TrustSEC focuses on developing innovative highly secure software solutions that
serve the digital transformation of governmental services, and fintech, applying
the latest technology trends of authentication. TrustSEC offers a wide pool of
secure turn-key hardware and software solutions based on its uniquely, in-house
developed operating system for smart cards- SLCOS; namely Biometric smartcard
with a variety of in-house developed applets running over it; Biometric FIDO2
applet, Biometric PKI applet, CPA / CPACE Common payment application Contactless
Extension and other customized applets.
For more information, visit www.trustsec.net
TRADEMARK STATEMENT
IDEX, IDEX Biometrics, TrustedBio and the IDEX logo are trademarks owned by IDEX
Biometrics ASA. All other brands or product names are the property of their
respective holders.