IDEX BIOMETRICS ASA
Oslo, Norway – 3 March 2021 - IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has signed an agreement with Multi-Fineline Electronix, Inc. (MFLEX), a subsidiary of Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ), and a leading global provider of high-quality, technologically advanced flexible printed circuits and assemblies. The agreement forms a key part of IDEX’s mass production ready supply chain, essential to meet the growing demand for biometric payment cards.
Under the agreement, MFLEX will provide flexible printed circuit assemblies for IDEX’s biometric payment card reference design. This reference design is the only biometric smart card reference design that has been used in cards certified by China UnionPay. MFLEX has received an initial order from a Tier 1 card manufacturer.
"Developing an end-to-end supply chain for biometric card manufacture is critical to accelerating the development of biometric cards by card producers," said Reza Meshgin, CEO, MFLEX. "This allows card manufacturers to focus on their competences such as lamination, embedding, and personalization, and streamlines the card development and go-to-market processes."
"As we establish a supply chain that is mass-production ready, we are pleased to have signed this agreement with MFLEX, a global leader in its field. This agreement allows card manufacturers to have instant access to high-quality flexible printed circuit boards in the required large quantities," said Vince Graziani, CEO, IDEX Biometrics.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186
Derek D’Antilio, Chief Financial Officer
E-mail: derek.dantilio@idexbiometrics.com
Tel: +1 978 273 1344
About MFLEX
Founded in 1984, MFLEX, a DSBJ company, is a global provider of high-quality, technologically advanced flexible printed circuits and assemblies. MFLEX provides a seamless, integrated end-to-end flexible printed circuit solution for customers, ranging from design and application engineering, prototyping and high-volume manufacturing to turnkey component assembly and testing. MFLEX targets its solutions within the electronics market and focuses on applications where flexible printed circuits are the enabling technology in achieving a desired size, shape, weight or functionality of an electronic device.
For more information, visit www.mflex.com
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) 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 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.
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
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About Globenewswire
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
INTESA SANPAOLO S.P.A.15.7.2025 20:03:19 CEST | Press release
Infrastructure: IMI CIB promotes dialogue in London on the UK’s €846 billion plan
Mohawk Industries, Inc.15.7.2025 19:00:00 CEST | Press release
Mohawk Impact Report Highlights Progress
Epiq15.7.2025 17:39:14 CEST | Press release
Epiq Wins Todd & Weld LLP Office Services Outsourcing Business
Siili Solutions Oyj15.7.2025 17:30:00 CEST | Press release
Siili Solutions Plc: Share Repurchase 15.7.2025
Baltic Horizon Fund / Northern Horizon Capital15.7.2025 17:15:00 CEST | Press release
Baltic Horizon Fund publishes its NAV for June 2025
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom