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SAVYINT Named First Official Technology Partner for IDEX’s Next-Gen Access Cards
Globenewswire· 2025-07-29 06:00
Core Insights - IDEX Biometrics ASA has entered into a strategic partnership with Savyint Group to launch biometric FIDO Access cards in Vietnam and Southeast Asia, marking a significant step in the company's commercial expansion [1][5] - The partnership aims to meet the increasing demand for secure digital authentication solutions across various sectors in Southeast Asia, including finance, government, healthcare, and education [2][5] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, focusing on authentication solutions for payments, access control, and digital identity [7][8] - Savyint Group is a prominent IT security company with a strong presence in digital identity and trust services, particularly in the Asia-Pacific region [6][7] Market Dynamics - The global digital identity solutions market is projected to grow from $43.07 billion in 2025 to $153.63 billion by 2032, driven by rising cybersecurity threats and regulatory compliance [3] - The FIDO authentication market is expected to expand at a 24.4% CAGR, reaching $5.72 billion by 2029, as organizations increasingly adopt passwordless authentication [3] Product Innovation - The IDEX Total Access card integrates traditional access card convenience with advanced fingerprint biometric authentication, eliminating the need for passwords and enhancing security [4] - The cards are designed for various applications, including enterprise access control and digital identity verification, providing instant and secure authentication [4] Strategic Implications - The partnership with Savyint Group is a crucial step for IDEX in establishing a distribution channel strategy in the high-growth Southeast Asian market [5] - This collaboration positions both companies to leverage the accelerating shift towards biometric authentication solutions and supports broader regional expansion [5]
IDEX Biometrics ASA: Notice of extraordinary general meeting on August 14, 2025
Globenewswire· 2025-07-24 15:00
Group 1 - IDEX Biometrics ASA will hold an extraordinary general meeting (EGM) on August 14, 2025, at 12:00 am CEST, which will be conducted online only, with no physical attendance option available [1][2] - Shareholders can register for attendance or give proxy through a specified online site [2] - The company is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity, emphasizing convenience and security [2] Group 2 - The notice for the EGM will be sent to shareholders and is also available on the company's website [1][2] - The notice was issued by the COO on July 24, 2025, and is subject to disclosure requirements under the Norwegian Securities Trading Act [2]
Mandatory disclosure of holding and notice of trade in IDEX Biometrics – 23 July 2025
Globenewswire· 2025-07-23 09:50
Group 1 - IDEX Biometrics ASA announced a private placement of 9,090,909 shares at NOK 3.30 per share, with Tranche 1 consisting of 4,731,594 shares [1] - CEO and CFO Anders Storbråten's closely related company, Pinchcliffe AS, subscribed for 739,360 shares in Tranche 1 [1] - Following the private placement, Mr. Storbråten and close relations hold 6,503,476 shares, representing 12.48% of the total outstanding shares and votes in IDEX Biometrics [3] Group 2 - A share lending agreement was established between Mr. Storbråten and the manager of the private placement, with 4,731,594 shares lent for the settlement of Tranche 1 [2] - The lent shares will be returned in due course, indicating a temporary arrangement rather than a sale [2] Group 3 - IDEX Biometrics is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [4]
Correction: Mandatory notice of trade in IDEX Biometrics – 22 July 2025
Globenewswire· 2025-07-23 09:25
Group 1 - IDEX Biometrics ASA conducted a private placement of 9,090,909 shares at NOK 3.30 per share, divided into two tranches [1] - In tranche 1, a total of 4,731,594 shares were subscribed, with Pinchcliffe AS acquiring 739,360 shares and K-konsult AS acquiring 128,156 shares, both at NOK 3.30 per share [1] - The private placement is disclosed on behalf of primary insiders, including the CEO and chair of the company [1] Group 2 - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [2] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [2] Group 3 - A correcting notice regarding the private placement was issued by the Vice President of Finance on 23 July 2025, in compliance with EU Market Abuse Regulation and Norwegian Securities Trading Act [3]
Mandatory notice of trade in IDEX Biometrics – 22 July 2025
Globenewswire· 2025-07-23 01:40
Core Insights - IDEX Biometrics ASA conducted a private placement of 9,090,909 shares at NOK 3.30 per share, divided into two tranches [1] - The first tranche involved the subscription of 4,731,594 shares by primary insiders, including the CEO and CFO, and companies closely related to them [1] Group 1: Private Placement Details - The CEO and CFO, Anders Storbråten, subscribed to 443,616 shares at NOK 3.30 per share [1] - Pinchcliffe AS, associated with Anders Storbråten, subscribed to 295,744 shares at the same price [1] - K-konsult AS, linked to chair Morten Opstad, subscribed to 128,156 shares at NOK 3.30 per share [1] Group 2: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2] - The company's biometric solutions are based on patented sensor technologies and target card-based applications for payments and digital authentication [2] - IDEX partners with leading card manufacturers and technology companies to bring its solutions to market [2]
IDEX Biometrics ASA - Fully Underwritten Private Placement successfully placed - 21 July 2025
Globenewswire· 2025-07-21 21:15
Core Viewpoint - IDEX Biometrics ASA has successfully completed a private placement, raising NOK 30 million through the issuance of new shares to support its commercialization efforts and general corporate purposes [3][11]. Group 1: Private Placement Details - The private placement involved the issuance of 9,090,909 Offer Shares at a subscription price of NOK 3.30 per share [3]. - The private placement is divided into two tranches: Tranche 1 consists of 4,731,594 Offer Shares, while Tranche 2 will include the remaining shares necessary to reach the total gross proceeds of NOK 30 million [5]. - The completion of Tranche 1 is expected to occur on or about 24 July 2025, while Tranche 2 is anticipated to settle on or about 18 August 2025 [10]. Group 2: Underwriters and Fees - Underwriters, including Altea AS and K-Konsult AS, have agreed to be allocated Offer Shares not applied for during the application period, with a total underwriting commitment of up to NOK 30 million [4]. - An underwriting fee of 5% will be paid to each underwriter in the form of 454,542 new shares, subject to approval by the extraordinary general meeting [4]. Group 3: Share Capital Changes - Following the completion of Tranche 1, the company's share capital will increase to NOK 52,095,850, divided into 52,095,850 shares [7]. - After the completion of both tranches and the issuance of underwriting shares, the total share capital will rise to NOK 56,909,707, divided into 56,909,707 shares [8]. Group 4: Compliance and Market Conditions - The Board has confirmed that the private placement complies with the equal treatment obligations under the Norwegian Securities Trading Act and Oslo Børs regulations [11]. - The decision to conduct a private placement is based on current market conditions and growth opportunities, allowing the company to raise capital efficiently [11][12].
IDEX Biometrics ASA – Business Update – 21 July 2025
Globenewswire· 2025-07-21 05:30
Group 1 - The company is executing its strategy to become the world's leading biometric ID company, focusing on ID & Access and Pay sectors with a disciplined capital allocation and long-term value creation [1] - IDEX has delivered multiple test cards as part of letters of intent with customers, aiming to enter distribution and purchase agreements after successful trials, with positive feedback received so far [2] - The company is focused on cutting costs and accelerating time to market for its new product portfolio, with an improved product line expected to launch in Q3 2025 [3] Group 2 - IDEX launched the world's first biometric metal card in Bangladesh on July 5, 2025, in collaboration with Mastercard and EBL, with positive business activity reported post-launch [4] - In July 2025, the company executed a share issue towards employees and board members, reinforcing commitment to its success [5]
IDEX Biometrics ASA – Contemplated Fully Underwritten Private Placement - 21 July 2025
Globenewswire· 2025-07-21 05:30
Core Viewpoint - IDEX Biometrics ASA is conducting a private placement of 9,090,909 new shares to raise gross proceeds of NOK 30 million, with a subscription price of NOK 3.30 per share [1][3]. Group 1: Private Placement Details - The application period for the private placement starts on 21 July 2025 and is expected to close the same day [4]. - The final number of offer shares will be determined at the end of the application period, with allocation based on various criteria [5]. - The private placement consists of two tranches: Tranche 1 will include up to 4,731,594 shares, while Tranche 2 will include the remaining shares needed to reach NOK 30 million [6]. Group 2: Underwriting and Fees - Underwriters have agreed to allocate shares not applied for during the application period, with a total underwriting commitment of up to NOK 30 million [2]. - An underwriting fee of 5% will be paid to each underwriter in the form of new shares, totaling 454,542 shares [2]. Group 3: Use of Proceeds - The net proceeds from the private placement will support the company's commercialization efforts and general corporate purposes [3]. Group 4: Subsequent Offering - A subsequent offering may be considered for existing shareholders who did not participate in the private placement, subject to certain conditions [12]. Group 5: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [13].
Change in Financial Calendar – 21 July 2025
Globenewswire· 2025-07-21 05:20
Core Viewpoint - IDEX Biometrics ASA has announced a postponement of its Q2 2025 financial report from the originally scheduled date to August 27, 2025 [1] Company Information - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [1] - The company's biometric solutions are built on patented sensor technologies, integrated circuit designs, and software, targeting card-based applications for payments and digital authentication [1] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [1]
Mastercard collaborates with Eastern Bank PLC and IDEX Biometrics to launch its global first biometric metal credit card in Bangladesh
Globenewswire· 2025-07-07 06:00
Core Insights - Mastercard has launched its first biometric metal credit card in collaboration with Eastern Bank PLC, representing a significant advancement in Bangladesh's payment technology landscape [2] - The card features biometric authentication using fingerprints, enhancing security and user experience by eliminating the need for PINs or signatures [3][4] - The card is part of the ultra-premium World Elite Mastercard portfolio, offering exclusive privileges and benefits to cardholders [6][7] Group 1: Product Features - The biometric metal card allows cardholders to authenticate transactions effortlessly using their fingerprints, ensuring that only authorized users can complete purchases [3] - Cardholder data is securely stored on the card, adding a layer of protection against fraud [4] - The card includes Mastercard Identity Theft Protection, which continuously scans for signs of identity fraud [5] Group 2: Collaboration and Technology - The card is co-powered by IDEX Biometrics, Kona I, and Infineon Technologies, showcasing a commitment to secure and innovative payment solutions [2][6] - IDEX Biometrics provides the fingerprint technology, enhancing the security and convenience of the payment experience [10] - Infineon Technologies supports the smart card market and innovation, contributing to the launch of this biometric solution [13] Group 3: Exclusive Benefits - Cardholders will enjoy a range of premium privileges, including complimentary stays at luxury hotels, gourmet meals, and access to premium golf clubs [7][8] - The card provides access to over 1,300 airport lounges worldwide through Mastercard's LoungeKey program [8] - A 24/7 concierge service will be available to assist cardholders with reservations and travel recommendations [9]