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MKSmart, Global Smart Card Manufacturer to Launch Biometric Payment Cards with IDEX Biometrics TrustedBio Turnkey Solution

01/28/2022 | 02:17am EDT
Oslo,  Norway - 28 January 2022 - IDEX Biometrics  ASA is entering a development
agreement  with MKSmart,  world-leading high  technology provider  of smart card
solutions  for financial payments, access control, and government identification
in  Southeast Asia. This  partnership will provide  banks and other payment card
issuers  access to biometric  smart cards with  industry leading performance and
cost efficient solution.

MKSmart  is ranked among the Top 10 largest card manufacturers globally, and one
of  six card manufacturers worldwide being  fully certified by VISA, Mastercard,
China  UnionPay, JCB, UPI, and GSMA. Based  on the turnkey card reference design
from  IDEX Biometrics and Infineon  Technologies AG, this comprehensive solution
includes  the  IDEX  Biometrics  TrustedBioÒ  sensor  module,  which  includes a
proprietary  ASIC delivering biometric processing  and power management, and the
SLC38 security controller from Infineon Technologies AG.

Biometric smart cards developed under the agreement are targeted for delivery to
issuers  by  the  end  of  2022. The  agreement  further  covers a framework for
collaboration  for the development of  biometrically authenticated solutions for
storage  of central  bank digital  or other,  third party, crypto currencies, as
well  as the  development of  biometric authentication  solutions for digital ID
cards across government, IoT, and enterprise applications.

Vince Graziani, Chief Executive Officer of IDEX Biometrics, stated, "The
Southeast Asia region represents a very large opportunity for biometric payment
cards.  Since it was introduced, there has been strong interest in the
TrustedBio turnkey solution.  This additional design win adds to a growing list
of customers and confirms that IDEX Biometrics is enabling the acceleration of
global deployment for biometric smart cards. Our collaboration with MKSmart will
deliver biometric smart card solutions that enable a secure and seamless user
experience to millions of consumers in Southeast Asia and globally."

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 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

About MKSmart
MKSmart incorporated in 2003 as a subsidiary of MK Group is the leading company
in Southeast Asia with years of experience in providing Digital security
solutions and Smart Card products for the following industries: Government,
Banking and Fintech, Transport, Telecom, IoT, Enterprises, and the Consumer

For more information, visit www.mksmart.com.vn
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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
IDEX BIOMETRICS ASA 0.33% 1.23 Real-time Quote.-61.08%
INFINEON TECHNOLOGIES AG 3.61% 27.815 Delayed Quote.-34.14%
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