July 15, 2014 -
IDEX ASA has received an initial order to deliver fingerprint swipe sensors to Card Tech. IDEX will integrate its fingerprint swipe sensors into Card Tech’s patented ISO-compliant system-on-card solution – which will be manufactured by Card Tech’s first-tier production partner — for the access control and ID markets.
“Based on multiple international expressions of interest we expect to open a significant market opportunity,” said Fabrizio Borracci, CEO of Card Tech. “Our partnership with IDEX started in 2011 and Card Tech aims to offer supreme biometric performance in ISO-standard cards.”
According to IDEX, its patented two-part SmartFinger technology is “ideally suited for integration into cards,” making the partnership mutually beneficial for the two companies. IDEX’s algorithms can operate in the low-power, highly efficient processors that are required for such embedded applications.
“We are very pleased that our partnership with Card Tech is now moving on to the commercialization phase,” said Hemant Mardia, CEO of IDEX. “Our bendable and thin SmartFinger sensor enables Card Tech to deliver a robust product suitable for mass production.”
In addition to the biometric card market, IDEX delivers its products to other strategic mass markets including mobile devices and devices that are part of Internet of Things.
This is the second partnership IDEX has announced in the last few months, following its partnership in May with Cypress Semiconductor to develop biometric fingerprint recognition solutions.