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Friday, 24 November 2017

IDEX expands partnership with IDEMIA to advance biometric contactless card solutions

IDEX ASA    

Published: 08:30 CET 24-11-2017 /GlobeNewswire /Source: IDEX ASA / : IDEX /ISIN: NO0003070609

IDEX expands partnership with IDEMIA to advance biometric contactless card solutions

24 November 2017 - IDEX, a leading developer of advanced fingerprint solutions for mass markets, today announced continued development of innovative end-to-end biometric system solutions for payment cards with IDEMIA, the global leader in trusted identities for an increasingly digital world. In addition to collaborating closely on contact card solutions in support of a leading global payment provider's strategic biometric programme, IDEX and IDEMIA are actively working to deliver advanced solutions for contactless cards.

Since IDEX's announcement of a partnership with Safran Identity & Security (Morpho) in November 2016 to commercialize the first mass deployable biometric smart cards, OT (Oberthur Technologies) and Safran's Morpho business came together to become IDEMIA. Together with a leading payment provider, the partnership has resulted in the completion of several end-user trials of next generation biometric cards, which received extremely positive feedback on the convenience, security and ease of use. The success of these real-world trials has led to a significant increase in customer interest as well as progress toward an expected commercial program roll-out in early 2018.

"We are very excited to be expanding our partnership with IDEMIA to include contactless card solutions, as well as further innovative solutions for the benefit of increased consumer convenience. Together with IDEMIA, we can deliver complete biometric solutions to meet the growing market demand," says Dr Hemant Mardia, CEO of IDEX.

IDEX's off-chip sensor technology combined with IDEMIA's biometric card software and manufacturing expertise are fundamental to enabling biometric payment cards that are both commercially scalable and ISO-compliant. These complementary offerings have also served to strengthen the partnership between IDEX and IDEMIA, as the two companies collaborate on scalable contactless biometric card solutions. Similar to the contact card solution utilized in recent trials, the contactless solution allows for a bendable ISO-compliant card that is compliant with standard manufacturing processes, while delivering exceptional biometric performance without the need for an internal power source.

"We have elected to expand our partnership with IDEX as part of our F.Code biometric card solutions, due to their innovative approach and their performance", says Philippe Bertiaux, VP Business Line Products & Systems at IDEMIA Financial Institutions BU.

In support of recent market traction and increased customer demand, IDEX and IDEMIA will showcase joint solutions for biometric cards at TRUSTECH 2017 in Cannes, Palais des Festivals on the French Riviera, from 28 November to 30 November.

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 IDEMIA
OT-Morpho is now IDEMIA, the global leader in trusted identities for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects. We ensure privacy and trust as well as guarantee secure, authenticated and verifiable transactions for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.

With close to EUR 3 billion in revenues, IDEMIA is the result of the coming together of OT (Oberthur Technologies) and Safran Identity & Security (Morpho). This new company counts 14,000 employees of more than 80 nationalities and serves clients in 180 countries.

For more information, visit www.IDEMIA.com / Follow @IDEMIAGroup on Twitter

About IDEX
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.idex.no
 
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: IDEX ASA, Martin Linges vei 25, Fornebu NO-1364, Norge
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