IDEX Biometrics and Tongxin Microelectronics Agree to Collaborate on New Market Opportunities
23 Noviembre 2021 - 01:15AM
IDEX Biometrics and Tongxin Microelectronics Agree to Collaborate
on New Market Opportunities
Initially targeting development of turnkey
reference designs for biometrically-secured hardware wallet in
support of China’s Digital Currency Electronic Payment
initiative
Oslo, Norway – 23 November 2021 – IDEX Biometrics
ASA today announced it has entered a Memorandum of
Understanding with Tongxin Microelectronics Co., Ltd (TMC), a
leading Chinese supplier of secure element (SE) microprocessors.
The memorandum calls for collaboration on a range of business
opportunities for which fingerprint authentication is applicable.
The first such opportunity is a jointly developed, turnkey
reference design for a biometrically-secured, stored-value, card in
support of the Central Bank Digital Currency (CBDC)
initiatives.
Vince Graziani, Chief Executive Officer of IDEX Biometrics,
stated, “We have enjoyed a close and productive relationship with
TMC for several years, and, through the successful integration of
our sensor modules with TMC’s market-leading THD89 SE, have seen
the certification and commercialization of multiple smart card
designs incorporating this integration. This memorandum represents
a formalization of the next step in our companies’ relationship.
Our partnership now will go beyond technical collaboration to joint
marketing in China. Initially, we are focusing resources on a
comprehensive reference design for Chinese card manufacturers
seeking to accelerate their participation in the rapidly developing
digital currency initiatives.”
Graziani continued, “The memorandum contemplates that the two
companies will pursue opportunities across market segments in which
TMC is well-positioned with its security ICs, including
transportation/ticketing. Our goal is to involve affiliate
companies within the Tsinghua Unigroup organization in the
collaboration with IDEX Biometrics. Linxens, the global leader in
smart card inlays and related interconnect solutions, is one such
affiliate and is expected to participate in the development of the
digital currency card reference design.”
For further information contact:
Marianne Bøe, Investor
RelationsE-mail: marianne.boe@idexbiometrics.com Tel: +
47 918 00186
Brett L Perry, U.S. Investor RelationsE-mail:
bperry@sheltongroup.comTel: + 1 214 272 0070
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a leading
provider of fingerprint identification technologies offering
simple, secure, and personal authentication for all. We help
people make payments, prove their identity, gain access to
information or unlock devices with the touch of a finger. We
invent, engineer, and commercialize these secure, yet incredibly
user-friendly solutions. Our total addressable market represents a
fast growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com
TRADEMARK STATEMENT
IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by
IDEX Biometrics ASA. All other brands or product names are the
property of their respective holders.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
Idex Biometrics Asa (LSE:0MTP)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Idex Biometrics Asa (LSE:0MTP)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024