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    IDEX   NO0003070609

IDEX BIOMETRICS ASA

(IDEX)
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IDEX Biometrics enables turnkey solution for Biometric Smart Cards with partners jNet and Infineon Technologies

11/15/2021 | 02:01am EST

Fully integrated biometric authentication solution significantly reduces time-to-market and costs for card manufacturers

Oslo, Norway – 15 November 2021 - IDEX Biometrics ASA, today announced a proprietary software platform including a biometric card operating system (COS) and applets developed in collaboration with its partners jNet ThingX Corp., a Preferred Security Partner of Infineon Technologies AG. This software platform enables a full turnkey solution for biometric smart cards, reducing the complexity of card manufacturing, accelerating time-to-market, and lowering costs. 

The IDEX turnkey solution is an extension of jNet’s Javelin EMV COS, which is based on Java CardTM, the world’s most popular and open application platform used to secure smart cards. The initial software release has been optimized for use with the highly-differentiated smart card reference design jointly announced earlier this year by IDEX Biometrics and Infineon Technologies. 

The tight integration of this design enables fingerprint authentication with low latency, high accuracy, and excellent power efficiency. Full biometrically-authenticated EMV transactions can be completed in approximately 500 milliseconds end to end. The platform solution enables safe and easy user enrollment, secure storage of fingerprint templates, and rapid matching, all without any biometric data ever leaving the card. The COS is fully compliant with GlobalPlatform security standards and EMV interoperability requirements.  

Card manufacturers leveraging IDEX’s turnkey solution can benefit from reduced time-to-market by six to nine months, while significantly cutting development and certification costs. The complete solution includes the hardware reference design including a proprietary passive inlay, a new COS, a suite of financial applets and a proprietary matching algorithm, deployed on Infineon’s latest secure element SLC38BML800 and accelerated by our proprietary TrustedBio ASIC. Fingerprint authentication is provided by IDEX Biometrics’ TrustedBioâ solution, which incorporates a fingerprint sensor, biometric functions, power management, and encrypted communications into a single module.

Vince Graziani, Chief Executive of IDEX Biometrics, adds, “This advanced software platform unlocks the differentiated performance of the IDEX Biometrics – Infineon collaboration. As a Preferred Security Partner to Infineon, jNet ThingX has experience with multiple generations of Infineon security devices making them the perfect development partner for our new software offering. This turnkey solution enables customers to quickly deploy fingerprint payment cards with industry-leading performance.”

The platform is available for customer evaluation now.

For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: +47 9180 0186

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, 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.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act


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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 2 330 M 262 M 260 M
Capi. / Sales 2021 95,9x
Capi. / Sales 2022 16,5x
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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