Norwegian biometrics company Idex has entered into an exclusive technology partnership and is carrying out a directed share issue of approximately 90 million Norwegian kroner to ID Centric, which is simultaneously placing an order worth $1.75 million for biometric sensors. This was announced in a press release.
ID Centric is acquiring about 20 percent of the shares in Idex and has committed to exclusively use Idex technology for its biometric ID cards. Deliveries of sensors will begin in April 2026, and the agreement also includes an option for additional share purchases linked to future volumes. The option agreement allows ID Centric to increase its ownership by another 5 percent.
“We are highly impressed by Idex's technology, which we believe is the best in the world, and by the Idex team, with whom we have developed a very strong collaboration. We are confident that together we will commercialize biometric ID cards on a large scale and deliver solutions that set a new global standard for secure and convenient identity verification,” says Michael Gardiner, CEO of ID Centric.
ID Centric operates in the APAC region.
Idex Biometrics Secures Major New Investment and Exclusive Technology Partnership
Published on 03/06/2026 at 01:31 am EST
Finwire
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