As scheduled, biometric fingerprint solutions company IDEX has announced its fiscal results for Q4 and year end 2017. The update took strong efforts to emphasize the company’s posturing in the burgeoning biometric smart cards market, which IDEX has officially pivoted to as its primary focus moving forward. IDEX reports revenues of NOK 2.5 million for Q4…
Immediately ahead of its Q4 and 2017 fiscal update, IDEX has announced that it’s getting a new CEO. Stan Swearingen, the company’s Chief Products Officer, will replace current CEO Hemant Mardia effective April 1st. In a statement, IDEX explained that the change is meant to accommodate an “expected step change” in the company’s business as…
IDEX has set a date for its Q4 corporate update, which will arrive this Thursday, February 22nd. The company will also present its preliminary results for the 2017 fiscal year. In a statement announcing the date, IDEX offered no hints as to the details of the update. But the fingerprint sensor maker is certain to…
IDEX is going to focus exclusively on biometric smart cards from now on, the company has announced. In a statement, the company explained that its renewed focus is a reflection of the growing excitement around the emerging biometric payment cards market. Major financial services brands including Visa and Mastercard have indicated that they are moving…
IDEX says it has commenced the certification process for its biometric smart cards, and that it expects it to reach completion early in Q2 of this year. The certification process concerns IDEX’s sensor technology designed for integration into products such as biometric payment cards. In a statement, IDEX suggested it is now involved in “commercial…
IDEX will take the opportunity of next month’s Consumer Electronics Show to showcase its latest fingerprint sensor technology to investors. The company has announced that it will host an ‘Investor presentation’ on January 10th. The event will be hosted by members of IDEX’s executive leadership team: CEO Hemant Mardia, CFO Henrik Knudtzon, CTO Fred Benkley,…
IDEX has announced a new addition to its line of large-area sensor solutions with a flexible sensor aimed at card applications. The sensor offers a sensing area of 13 x 13 mm, and features an ASIC designed for efficient use energy. It’s designed for use in both contact-based and contactless cards, and IDEX says it’s…
FindBiometrics President Peter O’Neill recently spoke with Dr. Hemant Mardia, CEO of IDEX. The conversation begins with an in-depth discussion of the biometric smart card market, in which IDEX is a significant player, providing fingerprint sensors for the biometric Mastercard. The interview then broadens to the larger picture in mobility, namely: how IDEX sees its role…
“The development comes soon after IDEX announced an expansion of its partnership with IDEMIA, with which it is also working on biometric smart card solutions…” With the help of IDEX technology, Feitian has developed a biometric smart card supporting both contact and contactless transactions. Based in China, Feitian has a strong focus on the electronic…
“In a statement announcing the enrollment process, IDEX CEO Hemant Mardia emphasized framed it as one of the benefits of the company’s large area sensor technology…” IDEX has announced that it has developed a new enrollment solution for its biometric smart cards. It’s a self-service approach, allowing end users to enroll themselves on their smart…
IDEX has announced an expansion of its partnership with IDEMIA on biometric payment cards. The partnership first emerged a year ago, when IDEX teamed with Safran Identity & Security, which has since merged with Oberthur Technologies to form what is now IDEMIA. The companies’ technologies were used in Mastercard’s pioneering trials of biometric payment cards…
IDEX is getting ready to join the fray at next week’s TRUSTECH 2017 event, where the company’s executives will showcase its biometric smart card technology. The company has been busy raising its profile in this emerging market, with CEO Hemant Mardia having recently delivered a presentation at a sold-out seminar on ‘Biometrics in Banking and…
IDEX hosted its Investor Update this morning in Oslo, and as anticipated, the firm placed a strong focus on the enormous potential it sees in biometric payment cards. In its presentation, the company drew a line between what it called the ‘first wave’ of biometric adoption and the ‘second wave’ that’s about to start. The…
IDEX will host an ‘Investor Update’ on November 9th, the company has announced. In a statement, the company indicated that the event will tackle highlights from last week’s ‘Capital Markets Day’, and that it will also go over “strategy, technology, market opportunities and outlook,” and “a Q&A session.” The Investor Update’s announcement comes on the heels…
IDEX’s revenues are down in its Q3 report, but the company expects a big pay-off from its biometric smart card activities. A Costly Year So Far The revenues amount to NOK 3.5 million for the quarter, compared to NOK 8.4 million in Q3 of 2016. Likewise, revenues for the first nine months of 2017 were…
IDEX has been approved as an EMVCo vendor, the company has announced. The approval comes just ahead of the company’s Capital Markets Day scheduled for November 2nd, which will revolve largely around the company’s escalating efforts to create biometric sensor technology for smart cards. In a statement, the company asserted that its approval as a…
IDEX is offering more details of its upcoming Capital Markets Day, and is already previewing the presentation it will make to attendees. IDEX will highlight its biometric sensor technology for smart cards to the assembled crowd. In a statement, the company asserts that the biometric smart card market “is now on the cusp of commercialization,”…
“Commenting on the agreement, IDEX CEO Hemant Mardia said, ‘We are really pleased that a key partner has made this strong commitment to our technology vision and product roadmap’…” IDEX and a strategic partner are doubling down on their commitment to biometric payment cards. The company has announced that it has entered into an agreement entailing…
Biometric technology is poised to once again be a major focus at next week’s Money20/20 event, providing a clear opportunity for IDEX. The company will be on hand to showcase its biometric solutions for contactless cards, soon after its smart card sensors went into sampling. In a statement, the company indicated that it will demo…