Norway Idex Biometrics Tender

IDEX Biometrics the leading provider of advanced fingerprint identification and authentication solutions reports second quarter and half-year 2019 results.CEO Stan Swearingen commented The evolution of the biometric smart card market is undoubtedly gathering pace and IDEX made great progress in the quarter. Our pipeline of commercial opportunities continues to grow and we expect sensor shipments to increase significantly. We have developed important relationships with new customers in the ecosystem and our biometric technology is proven and ready for mass deployment. I am highly confident that our strategy and technology leadership will deliver considerable success for all our stakeholders.HighlightsLandmark first high-volume customer order for IDEXs dual-interface sensorsMulti-year multimillion-dollar commitment. Largest customer commitment to dateFurther progress on developing the ecosystem in Asia to accelerate biometric payment card adoptionCollaboration with Tongxin Microelectronics Co. Ltd TMC in China to create a biometric smart card solution for end-customer implementationIDEX and Chutian Dragon collaborate with point of sales terminal provider PAX Technology Limited to run real-life EMV compliant transactions of biometric smart cards using IDEXs dual-interface sensorManufacturing milestones for biometric smart cards achievedIDEX customer in Asia achieves cost-effective mass production milestone for biometric smart cardsPartnerships with Sian and Silone Cardtech to accelerate high volume production of biometric smart cardsLow-cost go-to-market solution achieved through pre-lam supply agreement with FeitianCertification progressMajor global payment scheme in Asia begins its certification process for biometric smart cards containing IDEXs dual-interface sensorsIDEX Biometrics dual-interface technology validated by independent labs to meet multiple global payment schemes certification requirementsLeadership position in biometric smart cards secured with grant of foundational patents for on-card enrollmentComprehensive patents granted by the United States Patent and Trademark Office and IP AustraliaInnovative remote enroll solution outperforms in certification testsIDEX sensors enabling financial inclusionSuccessful Edenred pilot using biometric smart cards containing IDEX sensors for state benefit programs