Oslo, Norway, 2 June 2017 – Late last year IDEX announced the partnership with Safran Identity & Security to commercialize the first mass deployable biometric smart card. Oberthur Technologies (OT) and Safran Identity & Security (Morpho) are now joining forces to create a world leader in digital security & identification technologies.
In September 2016, the Safran Group announced that it was in exclusive negotiations with the owner of OT to sell its identity and security activities. The transaction finalized on 31 May 2017, and the merged company has the temporarily designated name “OT-Morpho”.
OT-Morpho has a mix of activities addressing the specific needs of five major industries: Financial services, Telecom, Identity, Security and IoT. OT-Morpho has an extensive global presence and a unique technological expertise. With close to EUR 3 billion in revenues, OT-Morpho employs more than 14,000 employees worldwide.
Recently, Safran Identity & Security (Morpho) revealed that it is contributing with biometric card software and manufacturing capacities for the recently announced Mastercard next generation biometric card (Link to Safran’s release).
The emerging mass market for biometric sensors in cards is a priority for IDEX. IDEX recently announced that the company’s flexible off-chip fingerprint sensor is featured in the pioneering Mastercard next generation biometric card, which was publicly unveiled on 20 April 2017. This card was deployed in successful trials in South Africa. IDEX is investing significant resources in its leadership position in the card market, and is developing flexible low power sensors suitable for contactless cards. In parallel, IDEX continues to build major partnerships to increase sales channels and scale for multiple verticals in the biometric card market.
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, [email protected]
Henrik Knudtzon, CFO, +47 9302 2827, [email protected]
IDEX develops and sells advanced fingerprint sensor technology and products. The company’s technology is used in a range of biometrically enabled applications within three core markets: Smartcards, mobile, and Internet of Things (IoT). IDEX’s addressable market represents a fast-growing multi-billion unit opportunity.
IDEX’s technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.
For more information, please visit www.idex.no