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IDEX Biometrics ASA — Share Issue/Capital Change 2021
Feb 12, 2021
3633_iss_2021-02-12_dbb5588a-ce0b-48e7-be0f-f6ba8679a3d7.html
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China UnionPay Awards Second LOA to Biometric Payment Card Featuring IDEX Biometrics' Fingerprint Sensor & Biometric Technology
China UnionPay Awards Second LOA to Biometric Payment Card Featuring IDEX Biometrics' Fingerprint Sensor & Biometric Technology
Oslo, Norway - 12 February 2021 - IDEX Biometrics ASA, a leading provider of
advanced fingerprint identification and authentication solutions, today
announces that China UnionPay (CUP) has issued a second letter of approval (LOA)
for a biometric payment card that contains IDEX's fingerprint sensor and
biometric solutions. The card is manufactured by Goldpac Group Ltd. (Goldpac).
The LOA is the formal acknowledgement by CUP that a product or service
demonstrates compliance to all relevant requirements. This enables world-wide
interoperability with ATMs and point of sale terminals as well as durability,
reliability and security assurance. With this formal LOA, Goldpac and local
banks can move forward with biometric card issuance.
This is the second biometric card certification, using IDEX'S fingerprint sensor
and biometric solutions, issued by CUP, which will provide even more choice for
card-based payment solutions.
"CUP is the largest payment network in the world, supporting more than half of
all cards issued on the global brand networks. This second LOA is a yet another
critical step to driving mass adoption," said Vince Graziani, CEO, IDEX
Biometrics.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: [email protected]
(https://www.globenewswire.com/Tracker?data=oK5zwNtRsZ1s5umKWlj0gvhxK4PRPMGHg8q9
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Tel: + 47 918 00186
Derek D'Antilio, Chief Financial Officer
E-mail: [email protected]
(https://www.globenewswire.com/Tracker?data=NghbW6xavXLF5obCVfdzmc3LhTUlGrHuAht8
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Tel: +1 978 273 1344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of
fingerprint identification technologies offering simple, secure and personal
touch-free authentication for all. We help people make payments, prove their
identity, gain access to information, unlock devices or gain admittance to
buildings. We invent, engineer, and commercialize these secure and safe 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.
TRADEMARK STATEMENT
The wordmark 'IDEX' and the IDEX logo are registered trademarks of IDEX 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