Oslo, Norway and Munich, Germany – 05 May 2022 – Infineon Technologies AG IFNNY, the global leader in smart card payment solutions, and IDEX Biometrics ASA IDBA, a leading provider of advanced biometric authentication solutions, are further strengthening their collaboration, as IDEX Biometrics joins the ecosystem of Infineon's Security Partner Network (ISPN) as a Preferred Partner.
The deepened collaboration between the companies follows the strategic partnership announced in July 2021, when the reference design integrating the TrustedBioÒ fingerprint authentication module from IDEX Biometrics with Infineon's latest SLC38 security controller was released. Multiple design opportunities with global smart card manufacturers have been announced since. The solution offers industry leading performance, and reduced card manufacturing costs and complexities, thereby shortening time-to-market for smart card manufacturers and issuers.
As a Preferred Partner, IDEX Biometrics technical and sales teams will closely cooperate with Infineon's technical specialists, tailoring IDEX's turnkey solution based on Infineon's secure elements.
"We are pleased to welcome IDEX Biometrics as a Preferred Partner and to further strengthen our collaboration" said Tolgahan Yildiz, Head of the Payment and Ticketing Solutions product line at Infineon. IDEX Biometrics, with the Infineon reference design, is meeting the expanding demand for fast and convenient payments secured by authentication. We are providing the increased security and peace of mind consumers are asking for in their daily lives."
"With increasing demand for biometric smart cards, deeper collaboration with Infineon and their partners within the ISPN ecosystem should further accelerate the market growth," said Vince Graziani, Chief Executive Officer of IDEX Biometrics. "We already collaborate with JNet, another ISPN member, for JavaCard software development, and look forward to broadening our relationships, addressing customer demand for market-leading fingerprint authentication across a range of high-security applications, including payment cards, crypto wallets, and secure identification for access control.
For further information contact:
Marianne Bøe, Head of Investor Relations
Tel: + 47 918 00186
Brett L Perry, U.S. Investor Relations
Tel: + 1 214 272 0070
About IDEX Biometrics
IDEX Biometrics ASA 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.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. In the 2020 fiscal year (ending September 30), the company reported revenue of more than 8.5 billion euros with a workforce of 46,700 people worldwide. Following the acquisition of the US company Cypress Semiconductor Corporation in April 2020, Infineon is now a global top 10 semiconductor company.
Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Infineon's Security Partner Network (ISPN): https://www.infineon.com/cms/en/partner-network/Security-Network/?redirId=56346
Further information is available at www.infineon.com
IDEX, TrustedBio, 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.
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