IDEX Biometrics ASA has received an initial order from a new development partner. The order is in support of a strategic development agreement between the companies that targets production later in 2022. As the global biometric payment market is reaching an inflection point towards mass production, this partnership will provide Japanese banks and issuers access to a biometric payment card with industry leading performance and cost efficiency.

The agreement covers joint development of biometric smart cards based on the IDEX Biometrics TrustedBio® turnkey reference design. The comprehensive solution platform includes the IDEX Biometric TrustedBio, integrated MCU/PMU, biometric software including proprietary Card Operating System, applets, inlay and a SLC38 security controller from Infineon Technologies AG. The agreement further includes a joint customer engagement and go-to-market model.