Smart Move: IDEX Shares Progress in Asia

Norwegian company IDEX Biometrics is forging strong bonds with smart-card and payment specialists in Asia. 

IDEX shared its second quarter and half-year 2019 results in a recently issued corporate update in which the company announced a landmark multiyear, multimillion-dollar order for its dual-interface sensors. The report went on to highlight IDEX's collaborations with Tongxin Microelectronics Co. Ltd. (TMC) and PAX Technology Ltd. 

Chinese company TMC will be working with IDEX to create a biometric smart-card solution for end-customer implementation. In a three-way tech tryst, point of sales terminal provider PAX will be working with IDEX and with one of China's largest smart-card producers, Chutian Dragon, to run real-life transactions of biometrics smart cards compliant with Europay, Mastercard and Visa (EMV) using IDEX's dual-interface sensor.  

Also highlighted in the report were IDEX's progress toward certification and the company's attainment of some major manufacturing milestones, which included partnerships with Sian and Silone Cardtech, and a savvy supply agreement with leading global provider of cybersecurity products and solutions Feitian.

Despite its progress, the Norwegian company has yet to bring in the big bucks. In a separate brief, IDEX reported Q2 revenues of NKr0.4 million (about $44,600), an increase from revenues of NKr0.3 million ..

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