IDEX Biometrics and Feitian to offer cost-effective, supply chain solution for biometric smart card manufacturers Oslo Stock Exchange:IDEX
Oslo, Norway, 7 August 2019: IDEX Biometrics ASA, the leading provider of advanced fingerprint identification and authentication solutions, has signed an agreement with Feitian Technologies Co. LTD (“Feitian”) to supply smart card manufacturers with a complete pre-lam inlay solution based on IDEX’s dual-interface technology and Feitian’s fingerprint card pre-lam inlay technology.
The pre-lam inlay is a major structural component within the biometric smart card that includes all of the internal electronics. Feitian is one of China’s largest smart card integrators and in recent years has established itself as a leading manufacturer of high-volume pre-lam inlays.
This agreement means that smart card manufacturers looking to enhance their product offering with biometric smart cards now have a fast, reliable and cost-effective route to market. The Feitian pre-lam inlay, designed specifically for use with the IDEX dual-interface sensor, offers a turn-key solution for smart card integrators to achieve high quality, mass produced biometric smart cards.
Stan Swearingen, CEO of IDEX Biometrics comments: “This unique combination between IDEX and Feitian gives us a reliable and cost-effective end-market solution. Through Feitian’s growing customer base, we have a clear route to market whilst Feitian’s pre-lam solution, containing IDEX’s sensor, offers other card manufacturers a simple and reliable means of making a biometric smart card in high volume for their customers.”
Mr LuZhou, CTO of Feitian adds: “We are pleased to partner with IDEX to bring this industry leading solution to market. Together we offer a compelling solution for card integrators to accelerate their adoption of biometric smart cards”.
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is the 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 @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.