IDEX ASA enters into agreement for Chinese biometric ID program
IDEX ASA, a Norwegian public company specializing in fingerprint imaging and recognition technology, has entered into an agreement with an unnamed Chinese technology company on a biometric ID program project involving the company’s SmartFinger sensor.
This contracted is expected to be worth nearly US$6.3 million between 2013 and 2014.
The SmartFinger sensor is an ultra-thin and pliable fingerprint sensor, based on state-of-the-art polymer technology. It requires little power, employing the use of low-resource microcontrollers.
“This agreement outlines a volume implementation of the IDEX SmartFinger solution in a large biometric ID program in China. It is a result of a successful joint development program. The security device has a potential of immense volumes from 2015 and onwards,” Ralph Bernstein, CEO of IDEX said.
The agreement entails an initial shipment in 2014 with the view to increase the usage significantly in the project in future years. It is expected that qualification of the biometric card incorporating IDEX’s SmartFInger solution will take place in the second half of 2013.