📋 Tender Overview
IDEX Biometrics ASA a leading provider of advanced fingerprint identification and authentication solutions has received its first production orders under an agreement entered into in 2019 to provide fingerprint sensors to a leading global provider of financial services and news. Following initial sample orders in the fourth quarter of 2019 IDEX has now received the first production orders under this program with a minimum commitment of USD 6 million.Throughout 2019 IDEX worked with this customer to customize test and qualify the IDEX solution for this high-security application. These first production orders are expected to ship in the second quarter of 2020 and a regular flow of orders is expected to result in monthly shipments as the IDEX-based solution gets deployed to the customers end users.Stan Swearingen CEO of IDEX comments Our solution has now been validated by a major global customer with significant experience in the use of biometrics on its products. This is the largest commitment in IDEXs history and our team has done a tremendous job meeting customer requirements and preparing for volume shipments. We now expect a regular flow of purchase orders from this customer and look forward to being an integral part of the rollout of their enhanced biometric security solutions.
