IDEX’s sensor for dual-interface biometric cards integrated by Feitian

By | July 16, 2018

Oslo, Norway – 16 July 2018 – IDEX ASA, the leading provider of advanced fingerprint identification and authentication solutions, announces that its sensors for dual-interface biometric cards have successfully passed engineering integration and validation at Feitian, a leading provider of user authentication and transaction security.

“We are very pleased that Feitian is using our sensors in their dual interface biometric cards, and that their feedback on the products is very positive. The application is for banking on a major Chinese payment network”, says Stan Swearingen, CEO of IDEX. He continues: “IDEX is on track for commercialisation of the sensor, which will be important in this rapidly growing market.”

IDEX first launched its sensor for dual-interface biometric cards in June 2017. The sensor has a power management system supporting biometric card operation without a battery and with standard NFC terminals. Based on IDEX’s off-chip sensor technology, the sensor is made of polymer, offering a unique flexibility and competitive cost position.

“Having a sensor suitable for dual-interface cards is very important to meet customer demand, especially in the banking segment. Although we do see demand for contact based only solutions, the convenience of a contact-less ‘tap and pay’ experience is unrivalled. With a biometric sensor, issuers can add security to the experience”, continues Stan Swearingen.

IDEX is also working with several other major card vendors who are currently integrating IDEX’s sensor into their biometric cards. 

Contact:
Charlotte Knudsen, Director of IR and Communications, 
+47 9756 1959, [email protected]

Henrik Knudtzon, CFO, 
+47 9302 2827, [email protected]idexbiometrics.com 

About IDEX ASA:
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.

IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX. 

For more information, please visit www.idexbiometrics.com and follow us on Twitter @IDEXASA 

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