IDEX Receives Another Order for Biometric Card Tech

“Card integrators are seeing the benefits of biometric smart cards, and the market is picking up speed. Chinese vendors are very keen to implement innovative technology, and we are proud to partner with a fast-growing company such as XH Smart Tech to drive commercialization of biometric cards.” – Stan Swearingen, CEO, IDEX Biometrics

IDEX Biometrics has received what appears to be its second major order for its fingerprint sensor technology for dual interface smart cards.IDEX Receives Another Order for Biometric Card Tech

The company’s latest client is China-based XH Smart Tech, a digital security solutions provider and smart card producer. According to a statement from IDEX, the firm is one of China’s top five smart card vendors by market share, and its customer base includes the Commercial Bank of Kuwait, Turkey’s DenizBank, Uzbekistan’s Orientfinans Bank, Postal Savings Bank of China, South Africa Laxton, and the South African Post Office.

The order’s announcement comes soon after IDEX received its first order for smart card fingerprint sensors in September, from an unnamed client. IDEX has not revealed unit volumes or revenues for either order.

The news also comes after IDEX announced that it had teamed up with Hengbao, another China-based IT solutions provider, to trial dual interface cards in the Asian market, suggesting that China and the APAC region could be of growing importance in IDEX’s escalating biometric smart card sensor efforts.

Commenting in IDEX’s latest announcement, the company’s CEO, Stan Swearingen said his firm has seen “strong customer interest” in its sensor solutions, adding, “Chinese vendors are very keen to implement innovative technology, and we are proud to partner with a fast-growing company such as XH Smart Tech to drive commercialization of biometric cards”.

October 31, 2018 – by Alex Perala