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IDEX reporting Q4 2018 results February 27


IDEX will present its results for the fourth quarter and preliminary results for the full year 2018 on Wednesday February 27 at the Vika Atrium Conference Centre in Oslo, Norway at 09:00 CET. The presentation will be broadcast live and the Q4 2018 interim report will be available after 07:00 CET the same day.

CEO Stan Swearingen and CFO Henrik Knudtzon will represent management.

In January, IDEX completed a private placement of US$25 million which the company said it will use to meet capital and operational requirements, and expects to carry it to profitability as biometric payment cards are adopted.

IDEX, which recently partnered with Goldpac Group to launch dual-interface biometric smart cards to customers in China, is working toward the mass deployment of its sensors on biometric payment cards, which Swearingen recently told Biometric Update will likely begin this year. The company says it is ideally positioned to capture a large share of this market, which Goode Intelligence forecasts will surpass 575 million units by 2023, with its sensor solutions, matching algorithms and remote enrollment solution.

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