IDEX ASA issues Q4 2016 and year-end 2016 financial results

IDEX has issued its Q4 2016 and year-end 2016 financial results, which recorded revenues of NOK 38.6 million (US$4.6 million) in 2016 compared to NOK 0.3 million (US$36,000) in 2015. In Q4 2016, the revenues amounted to NOK 12.5 million (US$1.5 million), which represents a significant increase over the NOK 0.2 million (US$24,000) in recorded revenues for Q4 2015. IDEX said its ongoing biometric smartcard program with strategic eco-system partners is making considerable progress. The company’s global payments partner completed

CrucialTec to release on-screen fingerprint sensor solution this year

Fingerprint module developer CrucialTec said it will begin supplying its on-screen fingerprint sensors that allows for biometric authentication on a smartphone screen, as opposed to the home button, to smartphone vendors around the world later this year, according to a report by The Investor. The move comes a couple years after CrucialTec was granted a patent for new technology to install fingerprint sensors under the display panels of smartphones. Several smartphone vendors have been waiting for the new fingerprint sensors

End-customer trials for smartcards incorporating IDEX biometric sensors begin

Fingerprint solutions developer IDEX revealed that the first end-customer trials for smartcards incorporating IDEX’s biometric sensors have commenced. The trials are in collaboration with the company’s undisclosed global payment provider and previously announced card integrators and identity solution providers. Multiple financial institutions and government bodies are expected to participate in customer trials over the coming months. The end customer trials are one of the final steps in the commercialization process. After completion of the initial trials over the next few

IriTech, Egistec sign co-promotion deal to target mobile device and VR/AR manufacturers

IriTech, Inc. has entered a co-promotion agreement with fingerprint sensor developer Egis Technology Inc., which is expected to create more opportunities for the two companies in the consumer technology space while focusing on the mobile industry. With an extensive background in iris recognition technologies, IriTech provides several innovative approaches aimed at emerging industries such as augmented reality (AR), virtual reality (VR) and automotive. The company has made significant investments in research and development to solve various challenges faced by iris

IDEX enters into distribution agreement with Comtech

Fingerprint solutions developer IDEX has entered into a distribution agreement with Comtech, one of the largest providers of electronic components and solutions in China. This agreement will see Comtech, which has placed its first orders for IDEX fingerprint sensors, serve as an additional distribution channel for IDEX in China. “The Chinese market for fingerprint sensors is large and growing,” explained Dr. Hemant Mardia, IDEX CEO. “This partnership ensures that we have sufficient presence and logistical capacity in this important market,

Redmi Note 4X features FPC fingerprint sensor FPC1035

Xiaomi has launched its Redmi Note 4X mobile device featuring Fingerprint Cards (FPC) sensor FPC1035. The FPC1035 sensor supports FPC OneTouch, which lets users unlock the device with a simple touch. The company will be showcasing its smartphone products, the latest smartcard trends and the company’s security solutions based on Internet of Things at Mobile World Congress 2017 later this month in Barcelona. Earlier this month, Fingerprint Cards acquired iris recognition firm Delta ID for US$106 million in combined cash

FPC to showcase smartphone products, smartcard trends and IoT security solutions at MWC 2017

Fingerprint Cards (FPC) announced it will be participating once again at Mobile World Congress 2017 later this month in Barcelona. “This is the fourth consecutive year that Fingerprints exhibits at the Mobile World Congress and we are, as usual, there to meet our current and potential customers, partners, suppliers, investors and media,” commented Christian Fredrikson, CEO of Fingerprint Cards. “In addition, we will also display our products in an exhibition booth on the theme ‘some things become genius when they

NEXT Biometrics raises $18.7M to invest in flexible sensors

NEXT Biometrics Group ASA has raised approximately 156 million NOK (US$18.7 million) in gross proceeds through a private placement consisting of 1,167,000 new shares at a price of NOK 134 (US$16) per share. The company said it will invest the net proceeds from the private placement – which drew strong interest from both existing shareholders as well as new “high quality institutional investors” – in increased flexible sensor production capacity, further smart card related R&D and general corporate purposes. As

Fingerprint Cards CEO purchases nearly 20,000 company shares

Fingerprint Cards (FPC) CEO Christian Fredrikson has purchased 19,750 shares in the company, according to an update of the Swedish Financial Supervisory Authority’s (FSA) insider registry. Fredrikson, who was named CEO by FPC’s board of directors in August 2016, bought the shares for SEK 1 million (US$112,895), the authority said. The CEO bought 9,950 shares at SEK 50.25 per share and 9,800 shares at SEK 50.92 per share on February 6, according to the insider registry The move comes a

IDEX appoints US sales agent

Paragon Technical has been selected to serve as IDEX’s sales representative in Northern California and Northern Nevada. “We are experiencing significant demand for fingerprint sensor solutions in increasing applications,” explained Dr. Hemant Mardia, CEO of IDEX. “To ensure that we can tap into this great potential across our core markets we have chosen to partner with Paragon Technical, a sales agent with a solid industry track record and a deep technology understanding, especially with technology companies based in and around