Oslo, Norway – November 16, 2022 – IDEX Biometrics ASA has received a volume production order from partner IDEMIA. This is the largest order of IDEX TrustedBio sensors to date. The order will bring in more than US$2 million in revenue for his IDEX and is expected to begin shipping in Q1 2023. Bank of the United Arab Emirates. IDEX Biometrics recently confirmed agreements with Turkish and UK issuers for a biometric card program that is expected to hit the market in the first half of 2023.
“This order from our partner IDEMIA reflects the growing demand for biometric payment cards with IDEX Biometrics TrustedBio technology. We are excited to start launching our biometric card program globally,” said Vince Graziani, CEO of IDEX Biometrics.
For more information, please contact:
Marianne Bøe, Head of Investor Relations
Phone: +47 918 00186
About IDEX Biometrics
IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) is a leading provider of fingerprint identification technology that provides simple and secure personal authentication for everyone. We empower people to pay, prove their identity, access information and lock their devices with the touch of a finger. We invent, design and commercialize these secure yet incredibly user-friendly solutions. The total market we serve represents a rapidly growing multi-billion opportunity.
For more information, please visit www.idexbiometrics.com.
IDEX, TrustedBio, IDEX Biometrics, and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective owners.
This information is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Act.