IDEX

IDEX Biometrics Secures $9.9M Through Private Placement

IDEX Biometrics Secures $9.9M Through Private Placement

IDEX Biometrics has obtained subscriptions for 120 million new shares in a private placement, the company has announced. The shares were priced at NOK 0.75 each, allowing the company to raise NOK 90.0 million, or about $9.9 million USD, in total. In pursuing the private placement, IDEX’s Board of Directors decided to waive existing shareholders’…

DongWoon ID Cards Secured by IDEX Biometrics

DongWoon ID Cards Secured by IDEX Biometrics

IDEX Biometrics has announced that it will be supplying the fingerprint sensors for a new biometric ID card from DongWoon Anatech. The new cards are designed for access control, and will specifically leverage IDEX’s SmartFinger IDX 3200 dual-interface fingerprint sensor. DongWoon is a South Korea-based supplier of biometric algorithms, and will partner with a third-party card…

IDEX Highlights Payment Card Progress in Q3 Update

IDEX Highlights Payment Card Progress in Q3 Update

“Industry participants and analysts believe 2020 will [be] the year where the market moves from one defined by pilots, towards mass commercial deployments.” That’s one of the key takeaways from IDEX’s latest quarterly update, in which the company has reported significant progress in the journey toward commercialization of its fingerprint biometrics tech for the next…

OTCQB Venture Market Offers US Opening for IDEX Biometrics

OTCQB Venture Market Offers US Opening for IDEX Biometrics

IDEX Biometrics has made its debut on the OTCQB Venture Market exchange, trading under the ticker symbol IDXAF. Operated by OTC Markets Group, the OTCQB is an over-the-counter stock trading market in which securities that aren’t listed on major stock exchanges are traded through a network of dealers. As IDEX explained in a statement announcing…

IDEX Restructuring in Response to Evolving Biometric Card Environment

IDEX Restructuring in Response to Evolving Biometric Card Environment

IDEX Biometrics has announced that the company will be restructuring in an effort to reduce its operating costs. The restructuring will take place in the fourth quarter of 2019, and is expected to lower the company’s break-even shipments point by 50 percent. According to IDEX CEO Stan Swearingen, the changes reflect the unpredictable nature of…

IDEX Biometrics to Issue Q3 Results on Nov. 13

IDEX Biometrics to Issue Q3 Results on Nov. 13

IDEX Biometrics has set a date for its third quarter update: the results will be published on November 13th, and will arrive alongside a conference call slated for 10:00 CET. The call will be helmed by IDEX CEO Stan Swearingen as well as CFO Derek D’Antilio. In announcing the plans, IDEX offered no details about…

IDEX Biometrics Gearing Up to Fulfill Massive Fingerprint Tech Order

IDEX Biometrics Gearing Up to Fulfill Massive Fingerprint Tech Order

“Its biometric technology will be leveraged in a biometric access control security solution, and to that end, IDEX is delivering its sensors ‘to one of the world’s largest electronics manufacturing service companies in order to qualify their manufacturing process,’” IDEX Biometrics is gearing up for the fulfillment of a multi-year, multi-million dollar order for its…

IDEX Biometrics Granted UK Patent for On-card Enrollment Solution

IDEX Biometrics Granted UK Patent for On-card Enrollment Solution

IDEX Biometrics has been granted another important patent pertaining to its on-card enrollment solution for biometric cards, this time from the UK Intellectual Property Office. In announcing the latest patent approval, IDEX indicated that the filing concerned is “in the same patent family” as on-card enrollment patents approved by the Australian patent authority and by…

Chutian Dragon Licenses IDEX’s Remote Enrollment Solution for Biometric Cards

Chutian Dragon Licenses IDEX’s Remote Enrollment Solution for Biometric Cards

IDEX Biometrics has sealed a licensing deal with one of its prominent APAC partners. The company has announced that Chutian Dragon has purchased a license for the use of IDEX’s biometric enrollment technology for biometric cards. IDEX first teamed up with Chutian Dragon last November. Chutian Dragon is a major China-based card maker certified by…

IDEX to License Biometric Smart Card Enrollment Tech to IDEMIA

IDEX to License Biometric Smart Card Enrollment Tech to IDEMIA

IDEMIA has established a licensing agreement with IDEX concerning the latter’s biometric enrollment technology for payment cards and smart cards. The agreement grants IDEMIA the use of certain IDEX patents for the purpose of developing and selling on-card enrollment devices that function with IDEMIA’s own biometric card software. IDEX first announced its enrollment system for…

IDEX Biometrics to Present at APSCA Next-Generation Cards Conference

IDEX Biometrics to Present at APSCA Next-Generation Cards Conference

IDEX Biometrics will be making an appearance at the APSCA’s third annual Next-Generation Cards conference and exposition in Singapore. The event will run from October 15-16, and will focus on the evolving payment and identity card ecosystem facing card issuers and manufacturers. To that end, Hunter Hu will be giving a presentation about biometric smart…

IDEX Biometrics Execs Double Down on Share Purchases, and Then Some

IDEX Biometrics Execs Double Down on Share Purchases, and Then Some

Recently appointed executives with IDEX Biometrics have continued to purchase large quantities of shares in the company after initial transactions last week. The latter were conducted shortly after a second quarter update from IDEX highlighting its progress in advancing its interests in the emerging biometric payment cards market. A fingerprint sensor specialist, IDEX has been…

IDEX Biometrics Execs Make Large Share Purchases

IDEX Biometrics Execs Make Large Share Purchases

A pair of IDEX Biometrics executives have bought significant share holdings in the Norwegian fingerprint sensor specialist, according to mandatory trade notices from the company. Two of the notices concern Stephen A. Skaggs, a member of IDEX’s board. One notice, issued August 21st, attests that Skaggs “bought 50,000 shares in IDEX in the Oslo Børs…

IDEX Emphasizes Smart Card Progress in Q2 Update

IDEX Emphasizes Smart Card Progress in Q2 Update

IDEX Biometrics has issued its corporate update for the second quarter and first half of 2019, emphasizing the progress the fingerprint biometrics specialist has made in positioning itself in the emerging biometric payment cards market. Highlights in the update include the establishment of IDEX’s largest customer commitment to date – a multi-year, multimillion dollar deal…

Face and Fingerprint Tech Dominated This Week’s Top Biometrics News

Face and Fingerprint Tech Dominated This Week’s Top Biometrics News

This week’s most popular biometrics news articles on FindBiometrics once again covered a pretty broad range of topics, but as is often the case, it’s possible to discern one or two trends in all the industry activity. Face biometrics, for example, enjoyed a particularly high profile this week. Researchers announced a cutting-edge new face scanning…

IDEX Biometrics to Post Q2 Results on August 15

IDEX Biometrics to Post Q2 Results on August 15

“IDEX says its conference call will be hosted by Chief Executive Officer Stan Swearingen and Chief Financial Officer Derek D’Antilio.” IDEX Biometrics will publish its Q2 results on Thursday, August 15th, the company has announced. The results will arrive alongside a conference call scheduled for 15:00 CET. In announcing the Q2 update schedule, IDEX did…

IDEX Biometrics, Feitian Team Up On Inlay Solution for Biometric Cards

IDEX Biometrics, Feitian Team Up On Inlay Solution for Biometric Cards

“It’s the latest development in the rapidly escalating biometric cards race, with multiple companies spanning the biometrics and payments industries seeking to get ahead of the emerging trend of fingerprint-scanning payment cards.” IDEX Biometrics has teamed up with Feitian on biometric smart card manufacturing. The companies have signed a new agreement that will see IDEX…

Federal Reserve Sounds Alarm About Synthetic Identity Fraud

Federal Reserve Sounds Alarm About Synthetic Identity Fraud

The US Federal Reserve System has released a new White Paper that calls attention to the growing threat of synthetic identity fraud. The paper defines a synthetic identity as one that combines false information – such as a fake name or date of birth – with legitimate information like a social security number that has…

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