IDEX Biometrics set to drive down cost of biometric smartcards with new TrustedBio™ family of products and solutions

[PRESS RELEASE]

IDEX Biometrics set to drive down cost of biometric smartcards with new TrustedBio™ family of products and solutions

Oslo, Norway, 24 February 2020: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, today announced the launch of TrustedBio™ — a new family of dual-interface products and solutions designed to reduce biometric smartcard cost while improving both performance and security.

Card cost and manufacturing complexity has been a barrier to mass adoption of biometric smartcards. Now, thanks to the unprecedented integration levels of IDEX’s new TrustedBio™ solutions, the cost of building a biometric smartcard product will be dramatically reduced, which will accelerate market adoption.

IDEX has built on its proven off-chip sensor technology with new biometric-system-on-chip based products. This system-on-chip approach lowers the cost of materials required to build a biometric smartcard, while providing major enhancements to both performance and security. Unlike existing sensors, this new generation of products removes the need to have any electronic components laminated within the card’s inlay. This is expected to lead to an improvement in manufacturing processes and yields, substantially reducing the overall time to market.

“TrustedBio™ marks a major step forward for the biometric smartcard market which was accomplished by driving integration of the entire biometric system to an advanced semiconductor process node. With this new product family, card manufacturers and integrators will be able to more easily integrate biometric systems, improving smartcard security and user experience. By looking at ways to reduce costs associated with biometric systems we’ve removed one of the major barriers to mass production. Smartcard providers will now be better able to prepare for future Strong Customer Authentication (SCA) requirements and offer higher levels of security to their customers,” comments Anthony Eaton, Chief Technology Officer, IDEX Biometrics.

IDEX’s new dual-interface products and solutions will work seamlessly with both current and next generation EMV® chips to provide unrivalled flexibility. This means IDEX TrustedBio™ customers will be able to develop differentiated products unique to their target customers and business strategies. The first member of the TrustedBio™ family featuring this biometric-system-on-chip technology will sample in Q2 2020 and be released to mass production in Q4 2020.

ENDS

About IDEX Biometrics ASA:

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 and follow @IDEXBiometrics

Contact information:

Berkeley Communications // // 0118 909 0909

Notes to editors

EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

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