Oslo, Norway, 23 September 2020: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, is pleased to announce a strategic partnership with Ubivelox, a global smart card and software manufacturer headquartered in Seoul, South Korea.
IDEX and Ubivelox have signed a Memorandum of Understanding (MOU) and Ubivelox have committed to build and market a complete biometric payment card solution to service Ubivelox’s extensive 140+ customer base, particularly Mastercard and Visa issuers, across Asia Pacific. The design will be based upon a Secure Element (SE) from an international provider with integrated power management. Shipping, to card integrators, is planned for the first quarter of 2021.
“This represents yet another significant step forward for IDEX and provides extensive coverage in Asia, outside of China, through an established and trusted partner with EMV® certification for Mastercard, Visa, JCB and American Express (and separately for UnionPay). Ubivelox provides smart cards, card operating systems and payment applets which perfectly complement our new generation of TrustedBio™ fingerprint sensors, matcher and enrollment solutions” said Vince Graziani, CEO, IDEX Biometrics.
“Given the market pull for biometric payment cards and the compelling cost model of our combined solutions this relationship is of strategic importance to Ubivelox and will drive additional growth. IDEX’s TrustedBio fingerprint sensors offer industry leading performance, security and manufacturability” said KB Koo, General Manager, IC Security Technology Centre, Ubivelox.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: [email protected]
Tel: + 47 918 00186
Derek D’Antilio, Chief financial Officer
E-mail: [email protected]
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 touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings. We invent, engineer, and commercialize these secure and safe 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
Ubivelox (KOSDAQ: A089850) Ubivelox is Asia’s leading smart card and mobile convergence business, focused on banking, telecommunication, transportation and national ID cards. Providing smart card system solutions, secure elements, mobile payment solutions, mobile wallet, e-coupons and service platforms, they hold the 5 th position in the global banking smart card market and strive to be a pioneer in technology. Ubivelox deliver 80 million banking cards to customers per year and an additional 100 million cards through licensing their system on chip (Soc).
The wordmark ‘IDEX’ and the IDEX logo are registered trademarks of IDEX ASA. All other brands or product names are the property of their respective holders.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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