Idex Biometrics starts production ramp preparations to fulfill multi-year order commitment
Idex Biometrics reported today that it has received a purchase order and initiated production ramp preparations to fulfill a multi-year order commitment signed earlier this year with a leading provider of global financial news and IT services.
The three-year agreement includes a multimillion-dollar commitment for Idex’s SmartFinger IDX 3200 dual-interface sensors, enhanced with advanced security features. As part of the ramp-up process, Idex says it is supplying the sensors to a large electronics manufacturing service company to qualify the manufacturing process.
“This is an exciting time for Idex as we gear up volume production with our partners in what will be a cutting-edge, secure access solution,” says Stan Swearingen, CEO of Idex Biometrics. “We now expect a regular flow of purchase orders from this customer and look forward to being an integral part of the rollout of their enhanced biometric security solutions.”
APSCA Next-Generation Cards
In other company news, Idex Biometrics is exhibiting this week at the APSCA Next-Generation Cards event in Singapore and Hunter Hu, Idex Idex vp of sales for Asia will join a panel discussion on customer enrollment and deliver a presentation on ‘Biometric Smart Cards – the Game Changer for Financial Inclusion.’
Idex just put out a report that says biometric payment cards are at a mass market tipping point and last week the company announced it has been awarded a patent for remote on-card enrollment from the UK Intellectual Property Office.