IDEX Q1 Update to Touch On Mastercard Biometric Card Project

IDEX will issue its Q1 update this Friday, May 12th, the company has announced.

IDEX Q1 Update to Touch On Mastercard Biometric Card ProjectThe report will be issued the same day as IDEX’s annual general meeting, which will be held in Oslo. After its publication, IDEX CEO Dr. Hemant Mardia and CFO Henrik Knudtzon will host a webcast presentation on the results that the company says will touch on IDEX’s biometric payment card project with Mastercard.

The experimental payment card features an IDEX fingerprint sensor for cardholder verification, and recently saw successful trials in South Africa; now the company is preparing to deploy it in additional trials in Europe and Asia Pacific. It’s a significant effort for IDEX, and the company’s stakeholders will likely be keen to learn more.

They will also likely be eager to see if the company has maintained the trend of increased revenues and lower losses seen in its year-end report for 2016.

May 10, 2017 – by Alex Perala