IDEX Biometrics secures largest single customer commitment to date

Apr 30, 2019, 5:59 pm EDT | Stephen Mayhew

A major global information and technology company that provides hardware, analytical software, data services, and news to the world’s financial companies has signed an agreement with IDEX Biometrics to upgrade its existing biometric security solutions.

The three-year agreement includes a multimillion-dollar commitment for IDEX’s SmartFinger IDX 3200 dual-interface sensors, enhanced with advanced security features.

IDEX notes in its announcement that this agreement represents a “watershed moment” for the company as it is the first volume order for IDEX’s SmartFinger IDX 3200 dual-interface sensor and the largest single customer commitment to date. Shipments will commence in the second half of this year. IDEX fully expects this secure sensor technology to drive higher levels of security in the biometric smart card market over time.

“This landmark customer win for IDEX is a testament to the strength of our industry-leading biometric solutions and our ability to leverage our technology in mass volumes into new verticals,” comments Stan Swearingen, CEO of IDEX Biometrics. “We’re delighted to have been chosen by a very prestigious and recognizable brand in the financial services world to deliver our total biometric solution.”

Earlier this week IDEX announced that its biometric cards collaboration with Chutian Dragon has been expanded to now include PAX Technology, an international supplier of secure electronic payment terminal hardware and transactional software services.