Oslo, Norway - 22 February 2017 - IDEX, a leading developer of advanced fingerprint solutions, is pleased to announce that the first end-customer trials for cards incorporating IDEX's biometric sensors have commenced. The trials are in collaboration with the company's undisclosed global payment provider and previously announced card integrator and identity solution provider. Multiple financial institutions and government bodies are planned to participate in customer trials over the coming months.
The evaluations are being conducted on live transaction with prospective end customers, and follow successful trials completed internally by IDEX's global payments partner. The end customer trials are one of the final steps in the commercialisation process. After completion of the initial trials over the next few weeks, and subsequent analysis, the card is expected to undergo the formal certification process prior to being made available for commercial production in the second half of 2017.
Together with card ecosystem partners, IDEX has actively been working on a strategic programme to launch a mass deployable biometric smart card. This collaboration has resulted in an end-to-end solution leveraging IDEX's flexible touch sensor in an ISO compliant standard thickness card. The solution is compatible with existing payment and enrolment infrastructure, and compatible with standard card manufacturing processes to ensure the lowest possible cost points.
Contact: Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idex.no Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no
Twitter: http://www.twitter.com/idexasa
About IDEX 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: Mobile, Smart Cards 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
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
