Norway Idex Biometrics Tender

IDEX Biometrics a leading provider of advanced fingerprint identification and authentication solutions reports third quarter 2019 results.CEO Stan Swearingen commented IDEX made substantial progress in this quarter. In the biometric payment card market our largest potential revenue opportunity were seeing positive developments in manufacturing and certification whilst our remote enroll solution has the potential to become the industry-standard. In the access control market were seeing the beginning of shipments and design-in wins and its my strong belief that both these markets will fully materialize in 2020.HighlightsVolume orders begin for global financial news and IT services customer additional design wins achieved- First purchase orders received and production ramp preparations started as part of multi-year multimillion-dollar commitment- IDEXs biometric solutions selected for additional access control cards by two Asian customers with shipments anticipated in H1 2020 Manufacturing milestones for biometric smart cards achieved in Q3- IDEX customer in Asia achieves cost-effective mass production milestone for biometric smart cards- Partnerships with Sian and Silone Cardtech to accelerate high volume production of biometric smart cards- Low-cost go-to-market solution achieved through pre-lam supply agreement with FeitianCertification process underway- IDEX Biometrics dual-interface technology validated by independent labs to meet multiple global payment schemes certification requirements- Remote enroll solution outperforms in certification tests- Expect multiple card integrators to be certified in Q4Leveraging on-card remote enrollment IP with multiple license agreements - First remote enroll license agreement entered into with IDEMIA- License agreement signed with Chutian Dragon in ChinaStrengthening patent portfolio with UK patent grant for on-card remote enrollment- Third major territory following US and Australia grants remote enroll patents to IDEXImproving access to US shareholders through OTC up-listing- IDEX ticker IDXAF now trades on the U.S. OTCQB Market