TMCnet News
IDEX Biometrics Receives Large Order for Digital AuthenticationOslo, Norway – 11 August 2022 – IDEX Biometrics ASA has received a new material order for their advanced fingerprint sensor technology, which will be deployed in the customer’s digital authentication application. The customer is a large US company with a global footprint. This order represents the largest single order in IDEX history. Shipments against the order will begin in the 4th quarter of 2022. In addition to our primary target market for biometric payment cards, IDEX continues to see increasing demand for its biometric sensors for use in the growing market of digital authentication. As demand continues to increase, IDEX Biometrics is expecting additional production orders throughout the second half of 2022 from both existing customers, and new customers who have not yet been announced. For further information contact: Brett L Perry, U.S. Investor Relations
IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) 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 or unlock devices 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 TRADEMARK STATEMENT This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act |