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IDEX Biometrics launches new product portfolio for payment and access solutions
Globenewswire· 2025-09-11 05:00
Company Overview - IDEX Biometrics ASA has launched a new product portfolio for payment and access solutions, marking a significant milestone in its strategic transformation [1][2] - The company has evolved from a component supplier to a fully-fledged product company, enhancing its value proposition and expanding its addressable market [2] Market Positioning - The new product portfolio positions IDEX at the forefront of the global shift toward passwordless authentication, meeting the growing demand for biometric solutions that outperform competitors in security and user experience [1][2] - Customer feedback has been exceptionally strong, with high demand for passwordless solutions where IDEX demonstrates superior performance compared to alternative technologies [3] Strategic Initiatives - During the third quarter, IDEX entered into multiple partnerships through Letters of Intent and initiated product testing with several companies, targeting commercial launches throughout 2025 [2] - The company plans to host a presentation covering the new product portfolio and market opportunities, with details to be announced separately [3] Industry Insights - The Zero Trust security market is projected to grow from $42.91 billion in 2025 to $92.42 billion by 2030, indicating a significant opportunity for IDEX in this space [5] - The digital payment fraud detection market is expected to expand from $8.1 billion to $20.0 billion by 2032, further highlighting the potential for growth in biometric payment solutions [5]
Fingerprint Cards AB (publ) licenses PC assets to Egis Technology in SEK 24 million deal, with additional royalty upside tied to OEM volumes
Globenewswire· 2025-08-07 13:00
Core Insights - Fingerprint Cards AB (FPC) has entered into an agreement to license certain PC-related assets to Egis Technology for approximately SEK 24 million (USD 2.5 million), with most payment expected in Q3 2025 [1] - The agreement builds on an existing partnership with Egis in the Mobile sector, leveraging Egis' production capabilities and FPC's biometric innovation expertise [2] - CEO Adam Philpott stated that this agreement aligns with FPC's strategy to monetize existing IP assets, strengthen its balance sheet, and support investments in new revenue streams [3] Company Overview - Fingerprint Cards AB (FPC) is a global leader in biometrics, providing solutions that enable secure and convenient authentications across various devices and platforms [5] - The company aims to drive the transition to a passwordless world through its cloud-based identity management platforms, supporting multiple biometric modalities [5]
Fingerprint Cards AB (publ): invitation to the second quarter 2025 results presentation
GlobeNewswire News Room· 2025-08-07 07:00
Group 1 - Fingerprint Cards AB (FPC) will host a telephone conference and webcast presentation of its second quarter 2025 results on August 14, 2025 at 09:00 am CEST [1] - The presentation will be conducted by FPC's CEO Adam Philpott and CFO Fredrik Hedlund in English [1] - Media and analysts can register to attend the telephone conference via a provided link [2] Group 2 - FPC is a global leader in biometrics, offering intelligent edge to cloud biometrics solutions [2] - The company envisions a secure, seamless world where individuals are the key to everything, with solutions trusted by enterprises, fintechs, and OEMs [2] - FPC's cloud-based identity management platforms support multiple biometric modalities, including fingerprints, iris, and facial recognition, driving the transition to a passwordless world [2]
Postponement of Reverse Share Split in Fingerprint Cards AB (publ) due to technical reasons
Globenewswire· 2025-07-08 20:21
Core Points - Fingerprint Cards AB (FPC) announced a reverse share split of 2,000 existing shares into one new share, with a record date initially set for July 11, 2025 [1] - Due to unforeseen technical issues, the reverse share split will not occur as planned, and the record date has been withdrawn [2] - The company remains committed to executing the reverse share split as soon as the technical issues are resolved and is actively working with relevant parties to expedite the resolution [3] Company Overview - Fingerprint Cards AB (FPC) is a global leader in biometrics, providing edge-to-cloud biometric solutions [4] - The company aims to create a secure, seamless world where individuals are the key to their digital identities, supporting various biometric modalities including fingerprints, iris, and facial recognition [4] - FPC's solutions are utilized by enterprises, fintechs, and OEMs, enabling billions of secure authentications daily across multiple platforms [4]
authID Announces Strategic Partnership with TechDemocracy to Accelerate Passwordless Identity for Workforce & Customer Access
Globenewswire· 2025-04-29 12:00
Core Insights - The partnership between authID and TechDemocracy aims to enhance the adoption of passwordless authentication solutions, focusing on secure and privacy-preserving methods [1][4] - TechDemocracy will train an initial group of 25 professionals on authID's biometric solutions, which boast a false-match accuracy rate of one-in-one-billion and rapid verification speeds [2][6] - The collaboration will include the development of QuickStart accelerators to facilitate the integration of authID's biometric capabilities into existing identity management systems [3][4] Company Overview - authID specializes in biometric identity proofing and authentication, providing services that ensure enterprises can accurately identify users while maintaining privacy [6] - The company claims to deliver biometric identity proofing in 700 milliseconds and authentication in 25 milliseconds, with a focus on eliminating password-related risks [6] - TechDemocracy has over 25 years of experience in Identity and Access Management (IAM) and has conducted over 1600 global engagements, specializing in workforce IAM and customer identity management [9]