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    IDEX   NO0003070609

IDEX BIOMETRICS ASA

(IDEX)
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Real-time Oslo Bors  -  10:25 2022-11-30 am EST
1.137 NOK   +1.61%
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IDEX Biometrics and Sentry Enterprises to launch biometric smart card for digital authentication

09/21/2022 | 02:01am EST

OSLO, Norway, 21 September 2022 - US-based Sentry Enterprises has selected the IDEX Biometrics Trustedbio Max fingerprint sensor solution for use in the next generation of their industry leading biometric identity platform, SentryCard. This platform integrates multiple certified access control technologies, including FIDO2, into each SentryCard to enable a decentralized biometric identification solution. IDEX has received an order to support initial production of this solution which is scheduled to reach the market in Q4 of 2022.

This biometric identity solution delivers quick and secure authentication, critical in protecting assets and securing access for enterprises, governments, and individuals. Removing the need for PINs and passwords, biometric platforms provide ground-breaking ways of safeguarding digital assets and securing physical access.

“We are delighted to collaborate with Sentry Enterprises as we continue to capture the increasing demand for digital authentication in the United States and across the globe, as the SentryCard will be secured by our TrustedBio Max sensor solution with integrated MCU and PMU.” said Vince Graziani, CEO of IDEX Biometrics. ”We are confident this biometric card solution will deliver increased performance and cost efficiency for customers while providing a seamless and secure user authentication experience.”

“The IDEX Biometrics technology was a natural complement to Sentry’s growing ecosystem of identity-based solutions”, says Mark Bennett, CEO of Sentry Enterprises. “We believe absolute trust of identity is a fundamental necessity for any secure interaction, whether it’s an employee badging through the front door or logging into a computer system. The challenge is providing resilient solutions that are both secure and respect people’s privacy. The SentryCard biometric identity platform is one of the first solutions in the world that delivers on that promise without requiring businesses to replace their existing infrastructure.”

With $172 billion spent on Information Security in 20221, the market for secure digital assets and a seamless customer experience is a fast-growing opportunity. IDEX Biometrics and Sentry Enterprises are transforming what identity means across both the physical and digital world enabling organizations to reimagine identity, and to build new levels of trust in their products, services, and capabilities.

1 Gartner 2022

For further information, contact:
Marianne Bøe, Head of 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 (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

About Sentry

Sentry Enterprises is a pioneer in biometric identity solutions. We manufacture, develop, and support a rapidly emerging identity-based ecosystem that positions absolute trust as the basis for all secure interactions. The combination of our hardware and software safeguards privacy while enabling organizations to significantly reduce cybersecurity risks.


For more information, visit www.sentryenterprises.com

TRADEMARK STATEMENT

IDEX, TrustedBio, 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.


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Financials
Sales 2022 40,0 M 4,01 M 4,01 M
Net income 2022 -332 M -33,4 M -33,4 M
Net Debt 2022 - - -
P/E ratio 2022 -3,55x
Yield 2022 -
Capitalization 1 271 M 128 M 128 M
Capi. / Sales 2022 31,8x
Capi. / Sales 2023 2,84x
Nbr of Employees 92
Free-Float 86,5%
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Vincent Arthur Graziani Chief Executive Officer & Managing Director
Eileen Marie Wynne Chief Financial Officer
Morten Opstad Chairman
Stanley Alvin Swearingen EVP-Strategy & Advanced Technology
Anthony Eaton Chief Technology Officer
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