“IDEX said this is its first volume order for the SmartFinger IDX 32000 sensor, and described the multimillion-dollar deal as ‘the largest single customer commitment to date.'”
In announcing the order, IDEX did not disclose the name of its client, but described it as “a major global information and technology company that provides vital hardware, analytical software, data services, and news to the world’s financial companies”. IDEX added that the client’s aim with the order is to “upgrade their existing biometric security solutions.”
Given that IDEX’s SmartFinger solution is designed primarily for applications in biometric cards, that suggests the order could ultimately see the sensors shipped to financial services organizations in the form of biometric payment cards – a key focus area for IDEX.
IDEX said this is its first volume order for the SmartFinger IDX 32000 sensor, and described the multimillion-dollar deal as “the largest single customer commitment to date.” IDEX CEO Stan Swearingen called it a “landmark customer win” for his company, adding later that the unnamed client is “a very prestigious and recognizable brand in the financial services world”.
The news comes just ahead of IDEX’s Annual General Meeting, scheduled for May 9th, and is sure to be a topic of discussion during the event. Shipments for the order will begin in the second half of 2019, and will continue over the next three years.
April 30, 2019 – by Alex Perala