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Biometric Authentication Solutions
IDEX Biometrics design and commercialize fingerprint sensor solutions for payments cards, digital wallets and cyber authentication.
Our solutions are available to the global payments market through our certified solutions with Visa, Mastercard and China UnionPay.
- 19 November 2024
Oslo, Norway, and Seoul, South Korea 19 November 2024 – IDEX Biometrics has entered into a commercial development agreement with South Korean smart card manufacturer Cellfie Global (formerly ICK) to design, manufacture and market biometric metal and PVC cards for bank and fintech launches in USA, Europe and Asia. This gives IDEX Biometrics full coverage across all four card manufacturers in South Korea, representing a production capacity in excess of 100 million smart cards annually, and with world leading metal card manufacturing capabilities. Cellfie Global has a strong customer base in mainly USA and Europe, markets representing 78% of the 40 million annual metal card shipments. Cellfie Global’s leading metal cards provide a unique sensory experience that is driven by card weight, card sound, card technology and a unique design perspective, bringing a different metal card solution to banks and fintechs globally. “We are excited to provide state-of-the-art biometric capability to our metal card and PVC range of card products enabled by IDEX Biometrics. We see a huge potential for our USA company, ICK International, to accelerate deployment of the next generation of contactless cards and a means for us to differentiate.” says Yoo Ki Jong, Chief Executive Officer of Cellfie Global. “Biometric cards are a must have for leading smart card providers like Cellfie” he continues. “With Cellfie’s strong customer portfolio in USA and Europe and a CAGR of metal cards projected at close to 25%, the opportunity for IDEX Biometrics is substantial. As a world leading metal card manufacturer, Cellfie Global strengthens our growing portfolio of smart card makers globally and in South Korea with unique capabilities and an innovative competitive edge”, comments Catharina Eklof, Chief Executive Officer of IDEX Biometrics.“ Source: Business Research Insights; Metal Card CAGR of 24.4% by 2031 For further information contact: Marianne Bøe, Head of Investor Relations E-mail: ir@idexbiometrics.com Tel: + 47 67 83 91 19 About IDEX Biometrics IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com About Cellfie Global Since 1998 ICK has been a premier supplier of financial cards to all global payment schemes including VISA, Mastercard, American Express, China Union Pay, JCB. As a full-service card manufacturer in all areas of card design, chip deployment and processing, Cellfie/ICK brings leading edge design and products to a global audience. ICK in USA leads metal cards markets and serves customers around the world. In 2008 ICK launched its financial metal cards products and today enjoys the recognition from the market as one of the leaders in this fast-growing market. ICK has developed leading edge technology to allow for tapping on both sides of the card and holds several patents that enable cardholders to have a great user experience at the point of sales. For more information, visit www.ickusa.com Trademark Statement IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders. About this notice:This notice was issued by Marianne Bøe, Head of Investor Relations, on 19 November 2024 at 10:15 CET on behalf of IDEX Biometrics ASA.
- 13 November 2024
Reference is made to the stock exchange announcement issued by IDEX Biometrics ASA (the “Company”) on 17 September 2024 regarding the successful private placement of 466,666,666 new shares (“Private Placement” and the “Private Placement Shares”), and the possible subsequent offering of up to 140,000,000 new shares (“Subsequent Offering” and the “Subsequent Offering Shares”). As stated in the announcement on 17 September 2024, the listing of the Private Placement Shares and the offering and listing of the Subsequent Offering Shares remained subject to approval of a prospectus (“Prospectus”) by the Financial Supervisory Authority of Norway (“FSA”), and the subsequent publication of such Prospectus by the Company. Further, the admission to trading of warrants issued to participants in the Private Placement and the Subsequent Offering, as well as the listing of certain shares issued in the private placement resolved on 20 August 2024, remained subject to the approval and publication of the Prospectus. The FSA has today approved the Prospectus. As a result of the above, the subscription period for the Subsequent Offering starts on 15 November 2024 and expires on 29 November 2024 at 16:30 CET. For further information on the Subsequent Offering, please refer to the Prospectus. The Prospectus is enclosed with this notice. It will also be available in electronic format at https://www.idexbiometrics.com/investors/share- information/prospectuses/. Printed copies of the Prospectus may be obtained free of charge at the office of IDEX Biometrics ASA, Dronning Eufemias gate 16, NO- 0191 Oslo, Norway, telephone +47 6783 9119 or by e-mail: companysecretary@idexbiometrics.com. Arctic Securities AS acted as financial advisor and bookrunner in connection with the Private Placement and the Subsequent Offering (the “Manager”). Ræder Bing advokatfirma AS acted as the Company’s legal advisor. Advokatfirmaet Thommessen AS acted as legal advisor to the Manager. Contact persons: Marianne Bøe, Head of Investor Relations Kristian Flaten, CFO E-mail: ir@idexbiometrics.com Tel: +47 6783 9119 About IDEX Biometrics IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com (http://www.idexbiometrics.com) About this notice: This notice was issued by Erling Svela, Vice President of Finance, on 13 November 2024 at 18:00 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 5-8 of the Norwegian Securities Trading Act (STA) and released in accordance with section 5-12 of the STA. Attachment 2024-11-13 Prospectus w subscr form – Pub
- 29 October 2024
Oslo, Norway – October 29, 2024 – IDEX Biometrics has appointed Kristian Flaten as Chief Financial Officer, effective November 1, 2024. Kristian Flaten brings over 25 years of financial leadership and experience with international business and financing, including from Asian growth markets, a strong focus for IDEX Biometrics. He has a proven track record in corporate finance, debt financing and business development in growth companies. Kristian has a background as CFO with Quantafuel ASA, recycling plastic waste, and as VP Corporate Finance with BW Offshore, oilfield services. Additionally, he has experience from the financial sector with Export Finance Norway and Handelsbanken. Kristian holds a Master of Science from NHH (Norwegian School of Economics), with majors in Finance and Strategy. He will be based at IDEX Biometrics headquarters in Oslo. “We are most pleased to welcome Kristian to our executive team,” says Catharina Eklof, Chief Executive Officer of IDEX Biometrics. “Bringing on Kristian is an important step in the business transformation of IDEX. Kristian comes with critical experience from growth companies and his proven track record will be key as we continue to evolve IDEX, and drive innovation in biometric platform and software solution expansion to key markets.” “I am excited to join IDEX Biometrics at this pivotal time of the company’s growth journey,” comments Kristian Flaten. “I look forward to working with the talented team to support the company’s strategic initiatives.” Kristian Flaten is succeeding John Kurtzweil, who will continue to support the company in an advisory role. The company extends its warm gratitude to John for his excellent contributions during his tenure and for ensuring a smooth transition to Kristian. For further information contact: Marianne Bøe, Head of Investor Relations Email: ir@idexbiometrics.com Tel: + 47 67 83 91 19 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.For more information, visit www.idexbiometrics.com Trademark StatementIDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders. About this notice:This notice was issued by Marianne Bøe, Head of Investor Relations, on 29 October 2024 at 08:10 on behalf of IDEX Biometrics ASA.
- 29 October 2024
Oslo, Norway – 29 October 2024 – IDEX Biometrics ASA’s interim report for the third quarter is attached to this notice (link below). The interim report is also available on the IDEX Biometrics website: www.idexbiometrics.com/investors/interim-results/ A webcast presentation of the interim report will be held by Catharina Eklof, Chief Executive Officer, today at 09:00 CET. The webcast presentation is attached to this notice (link below), and can be viewed at the following link: https://idexbiometrics.videosync.fi/q3-2024 “Transitioning into the CEO role this quarter, my focus has been on executing our transformation program and implementing key initiatives to achieve the targeted cash quarterly operating expense run rate of $2.5 million. By the end of the third quarter, IDEX had executed on targeted reorganization initiatives, significantly reducing operating expenses. We have consolidated our technology and administrative teams into the UK and Europe, and optimized our entire workforce to capture the fast growing opportunity across the APAC region.” Said Catharina Eklof, Chief Executive Officer at IDEX Biometrics. Ms. Eklof added, “On the customer side, we continue to expand our manufacturing partners and solution integrators with our open software platforms and flexible operating system. Focus over the last quarters has been on supporting manufacturers from certification to industrialized production. As a result, KONA I has achieved Mastercard approval for the world first metal biometric card, based on the IDEX Pay platform. A first commercial program is now in the planning phase of being rolled out in Asia.” In September, IDEX demonstrated a successful live transaction on the India based RuPay network with IDEX Pay, together with our manufacturing partners. This is a leading indicator of the IDEX biometric platform readiness to bring trusted identity solutions to consumers around the world. Financials: Revenues in the third quarter totaled $0.1M.Net Income in Q3 was $1.4M with Adjusted Net Loss of $4.8M. Adjustments are related to the restructuring charges and the derivative value changes.Operating expenses reduced to $4.1M, a reduction of $2.0M from last quarter.Restructuring cost during Q3 were $0.4M including severance and other items. Restructuring gain of $0.7M resulting from two lease cancellations. On track to achieve a cash operating run-rate of $2.5M per quarter by the end of this year.Recorded a gain of $5.5M from a change in the derivative value related to outstanding warrants and the favorable renegotiation of our outstanding convertible bond. For further information contact:Marianne Bøe, Head of Investor RelationsE-mail: ir@idexbiometrics.comTel: + 47 67 83 91 19 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com TRADEMARK STATEMENTIDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders. Attachments IDEX 2024 Q3 Report IDEX Presentation Q3 2024_Published
- 14 October 2024
Reference is made to the notice on 9 October 2024 regarding issue of Tranche 2 shares and the warrants of the private placement completed on 16 September 2024. The private placement consisted of two tranches, with total gross proceeds amounting to NOK 70 million. The share capital increase related to the Tranche 2 shares has been registered and the shares will be delivered soonest. The Tranche 2 shares will be delivered on a separate and non-tradable ISIN, pending publication by the Company of a prospectus approved by the Norwegian Financial Supervisory Authority. Following the issue, the Company’s share capital will be NOK 120,812,483.10 divided into 805,416,554 shares, each with a nominal value of NOK 0.15. For further information contact:Marianne Bøe, Investor RelationsE-mail: marianne.boe@idexbiometrics.comTel: +47 918 00186 About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com About this noticeThis notice was issued by Erling Svela, Vice president of finance, on 14 October 2024 at 18:10 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 5‑8 of the Norwegian Securities Trading Act (STA) and released in accordance with section 5‑12 of the STA.
- 2 April 2024
In today’s digital age, citizens across the world are concerned about the ownership of identity. Nowadays, almost 90% of individuals think that one of the biggest threats to society is the infringement of someone’s right to privacy. And, as the world becomes more and more digital, this is having a significant impact on how we handle data.
- 3 January 2024
Download our latest eBook and embark on a journey towards a world powered by biometrics. Discover how digital ID offers unparalleled convenience, security, and inclusivity and how biometric smart cards bridge the digital divide for an inclusive digital economy.
- 26 August 2024
Norway-based card manufacturer IDEX Biometrics has announced that its IDEX Pay was certified by Visa via the latter’s VBSS biometric payment application. Including the IDEX Biometrics card operating system and a fingerprint sensor with Infineon’s SLC38 secure element, the IDEX Pay biometric solution successfully passed Visa’s certification leveraging Visa’s VBSS biometric payment application. The receipt of the Visa certification follows comprehensive biometric performance testing and ensures that the payment’s scheme functional and security features are met. In addition, the certification confirms that IDEX Pay is prepared for scaled commercialisation on the Visa payment network. Currently having over 3 million Visa cards in circulation and a solid market position in APAC, Latin America, and Africa, the certification supports the capabilities of card manufacturers worldwide. Read more
- 20 August 2024
Catharina Eklof has been appointed as the new Chief Executive Officer of Idex Biometrics, following a successful three-year period as the company’s Chief Commercial Officer. During her tenure, Eklof played a pivotal role in transforming Idex from a component supplier into a prominent provider of biometric solutions. Read more
- 15 August 2024
TaluCard, in collaboration with IDEX Biometrics and a UK-based issuer, has launched a new biometric payment solution designed to improve accessibility and security. This initiative aims to improve payment experiences, particularly for individuals with visual impairments and older adults Read more
- 18 June 2024
BCC has obtained the Letter of Approval (LoA) from Mastercard for its biometric payment card built on the IDEX Pay platform, allowing the issuance and deployment of biometric cards globally. With an annual production of 121 million payment cards, BCC is one of the top 10 smart card manufacturers globally, specialized in the manufacturing, personalizing, and packaging of payment and multiple-application cards. IDEX Pay based biometric smart cards complete BCC’s offering of eco sustainable card solutions in Asia and globally. Read more
- 14 May 2024
A collaboration between Money Carer, Tag Systems, and Fingerprint Cards has led to the development of a biometric-enabled carer card aimed at enhancing security measures in financial management for individuals unable to handle their finances independently. Money Carer, known for its financial services catering to vulnerable individuals in the UK, plays a key role in this partnership by focusing on the enhancement of the existing card for personal care workers. Read more
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