IDEX enters innovation agreement

24/10/17

IDEX has signed an agreement with its major global payment partner to deliver advanced biometric technologies for its payment card products. As part of the agreement, IDEX will be paid against specific roadmap milestones over the next six months.

The company says that as part of its objective to reinforce its position in the biometric card market, it is continuing to aggressively develop new technologies for advanced biometric solutions. It adds: “IDEX is already offering system solutions beyond physical sensors to include advanced power management, compact matcher algorithms, seamless enrolment and sophisticated security features. Through co-development with the biggest players in the card ecosystem, the company is now able to offer leading-edge biometric solutions to major card integrators world-wide.”

“We are really pleased that a key partner has made this strong commitment to our technology vision and product roadmap,” says Dr Hemant Mardia, CEO of IDEX. “This relationship is a real recognition of the deep biometric expertise we have created at IDEX and that we can now deliver this into the market as a sensor solution partner. We fully expect this relationship to kick-start the monetisation of the technologies we have invested in over the last three years.” 

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IDEX enters innovation agreement
IDEX enters innovation agreement

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