Oslo, Norway, 1 August 2019: IDEX Biometrics (IDEX ASA), the leading provider of advanced fingerprint identification and authentication solutions, has entered into partnership with Silone Cardtech (“Silone”), a leading smart card integrator specializing in the development, design, manufacturing and sale of high quality dual-interface smart cards.
Silone delivers over 300 million smart cards and inlays around the world each year. Their commitment to the highest standards of card security, production and quality assurance has resulted in certifications by Mastercard, VISA, China Union Pay and JCB.
IDEX has a growing commercial presence in Asia where it is seeing increasing demand for biometric payment solutions. IDEX and Silone will be working in close partnership to deliver mass volume, dual-interface biometric payment cards in the region.
William Ju, CEO at Silone adds: “Our customers are some of the largest card vendors in the world and we are excited by the prospect of being able to offer them the next level of security and convenience in their smart cards. High volume manufacturing of biometric smart cards requires considerable expertise and this partnership with IDEX, the leader in off-chip sensing technology, will help us to meet our customers’ needs”
Stan Swearingen, CEO of IDEX Biometrics: “This partnership with Silone further strengthens IDEX’s commitment to satisfy the increasing demands for biometric smart cards. Silone are proven specialists in manufacturing high quality smart card products and together we offer a compelling value proposition for customers.”
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About Silone
Founded in 2001 in Shenzhen, China, Silone Cardtech specializes in the development, design, manufacturing and sale of high quality contactless, contact and dual-interface smart cards, as well as manufacturing and design of production and testing equipment for the smart card industry.
With subsidiaries in Hong Kong and USA, Silone products are used worldwide in the market such as banking, secure physical and logical identification, access and public transportation.
For more information, visit: www.silone.com; sales1@silone.cn
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is the 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, unlock devices or gain admittance to buildings 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 and follow @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.