UK Markets close in 6 hrs 13 mins

IDEX Biometrics and Fudan Microelectronics Collaborate on Biometrics Card Systems Integration

IDEX BIOMETRICS ASA
·2-min read

Oslo, Norway, 26 October 2020: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, is collaborating with Shanghai Fudan Microelectronics Group Co. Ltd (FMSH), a leading company in the design and development of ASICs and complete systems solutions, to integrate IDEX’s biometric solution with Fudan Microelectronics latest generation Secure Element targeted at multiple market segments.
Fudan Microelectronics develops secure elements and solutions that support payment, medical insurance, transportation, ID and emerging digital currency standards and has shipped over 10 billion ASICS.

“A key part of IDEX’s strategy is to partner with secure element industry leaders such as Fudan Microelectronics for providing solutions to all global card manufacturers,” said Vince Graziani, CEO, IDEX Biometrics. “When coupled to previously announced secure element engagements with HED, Infineon, TMC, Idemia/Zwipe and others to follow, IDEX has the largest portfolio of SE partnerships enabling smart card manufacturers to use their existing secure element technology investments such as card operating systems. Broad secure element support is critical to enable the expected rapid acceleration of biometric card deployments.”

For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186

Derek D’Antilio, Chief financial Officer
E-mail: derek.dantilio@idexbiometrics.com
Tel: +1 197 827 31344

About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.

For more information, visit www.idexbiometrics.com and follow on Twitter @IDEXBiometrics

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act