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    IDEX   NO0003070609

IDEX BIOMETRICS ASA

(IDEX)
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IDEX Biometrics Announces a New Strategic Partnership with leading Global Smart Card Manufacturer

12/02/2021 | 03:28am EST

The collaboration is expected to significantly accelerate the commercialization of IDEX Biometrics’ TrustedBio turnkey solution for biometric cards

Oslo, Norway02 December 2021IDEX Biometrics ASA is entering a strategic cooperation agreement with a global tier one smart card manufacturer. As the global biometric payment market is reaching an inflection point towards mass production, this partnership brings lower costs, reduced manufacturing complexity, and accelerated time-to-market.  

The agreement covers joint development of biometric smart cards based on IDEX Biometrics’ TrustedBio® turnkey reference design. The comprehensive pre-certified solution platform includes IDEX Biometric’s TrustedBio®, integrated MCU/PMU, biometric software including proprietary Card Operating System, applets, inlay and a SLC38 security controller from Infineon Technologies AG.

Vince Graziani, Chief Executive Officer of IDEX Biometrics, stated, “This agreement represents the first major design win for IDEX TrustedBio turnkey solution .“

Mr. Graziani continued, “This agreement confirms that IDEX Biometrics is enabling the acceleration of market deployment for biometric smart cards. Together with our partner we will take to market a state of the art biometric smart card solution delivering secure and seamless user experience to millions of consumers globally .”    

For further information contact:

Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186

Brett L Perry, U.S. Investor Relations
E-mail: bperry@sheltongroup.com
Tel: + 1 214 272 0070

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

TRADEMARK STATEMENT

IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics 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


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Source: IDEX BIOMETRICS ASA

2021 GlobeNewswire, Inc., source Press Releases

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Financials
Sales 2021 24,3 M 2,71 M 2,71 M
Net income 2021 -259 M -28,9 M -28,9 M
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 2 350 M 263 M 262 M
Capi. / Sales 2021 96,7x
Capi. / Sales 2022 16,7x
Nbr of Employees 98
Free-Float 82,3%
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Managers and Directors
Vincent Arthur Graziani Chief Executive Officer & Managing Director
James A. Simms Chief Financial Officer
Morten Opstad Chairman
Stanley Alvin Swearingen EVP-Strategy & Advanced Technology
Anthony Eaton Chief Technology Officer
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