Biometrics

Search documents
Fingerprint Cards AB (publ) completes third IP monetization and licensing transaction in 11 months, with a new PixArt Imaging Inc. deal signed for SEK 19 million upfront plus royalty potential
Globenewswire· 2025-10-03 06:35
Core Insights - Fingerprint Cards AB (FPC) has entered into a commercialization and licensing agreement with PixArt Imaging Inc., marking its third IP monetization transaction in 11 months [1] - FPC will receive an upfront payment of USD 2.0 million (approximately SEK 19 million) and will retain rights to royalties on derivative products developed by PixArt [1][2] - The agreement is expected to strengthen FPC's balance sheet and support capital allocation towards core authentication platforms and high-growth initiatives [2][3] Financial Implications - The upfront payment of USD 2.0 million will be received in the fourth quarter of 2025, providing immediate value from prior investments [1][2] - The potential for recurring royalty income from PixArt's use of licensed technology is anticipated to enhance financial flexibility [2][3] Strategic Alignment - The partnership with PixArt aligns with FPC's strategy to monetize existing IP assets and explore collaboration in areas such as smart home, automotive, and wearables [3] - The cash infusion from this agreement will enable FPC to accelerate investments in new revenue streams, reinforcing its leadership in secure authentication [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): New number of shares and votes
Globenewswire· 2025-09-30 06:00
Fingerprint Cards AB (publ) (“FPC” or the “Company”) has, as previously announced, carried out a reverse share split, whereby two thousand (2,000) existing shares have been consolidated into one (1) new share (reverse split 1:2,000). The reverse share split has resulted in changes in the number of shares and votes in FPC as follows. Prior to the reverse share split, the total number of shares in the Company amounted to 15,175,375,766 (of which 7,875,000 A-shares and 15,167,500,766 B-shares). The total numbe ...
IDEX Biometrics ASA: Approved prospectus – 29 September 2025
Globenewswire· 2025-09-29 16:00
Reference is made to the Oslo Stock Exchange announcement issued by IDEX Biometrics ASA' on 21 July 2025 of a private placement of 9,090,909 shares at NOK 3.30 per share, split in two tranches.The FSA has today approved the Prospectus. By reason of the approval and publication of the Prospectus, the Shares (tranche two and underwriting shares) will be transferred to the Company’s ordinary ISIN and be admitted to trading on Oslo Stock Exchange. For further information, please contact: Anders Storbråten, CEO ...
Reserve Bank of India approves biometric payment authentication technology
Globenewswire· 2025-09-26 06:15
Core Insights - The Reserve Bank of India (RBI) has approved biometric authentication technology for digital payments, including IDEX's fingerprint payment solutions, effective April 2026 [1][2] - The RBI's endorsement of fingerprint biometric authentication marks a shift from traditional SMS-based one-time passwords, validating IDEX's strategic positioning in the Indian market [2][3] - IDEX Biometrics' CEO emphasized the significance of this approval as a transformational moment for digital payment security in India, highlighting successful pilot testing with Indian payment partners [3] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4] - The company's biometric solutions are designed to enhance convenience, security, and user experience, utilizing patented sensor technologies and integrated circuit designs [4] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [4]
CMITech’s EF-70 Camera Features FPC's Advanced Iris Recognition Technology
Globenewswire· 2025-09-25 06:00
Core Insights - Fingerprint Cards AB (FPC) has partnered with CMITech to integrate its Iris Recognition technology into the EF-70 Dual Iris & Face Recognition System, marking a significant milestone in their nearly decade-long collaboration [1][4] - The EF-70 camera is designed for high security and accuracy, capable of operating at stand-off distances of up to 70 cm, making it suitable for various applications [2][3] - The system offers flexibility with options for face only, iris only, or both modalities, catering to diverse security and regulatory needs [3] Company Overview - FPC is a global leader in biometric authentication technologies, providing intelligent edge-to-cloud solutions that enhance identity security and user experience across multiple sectors [6] - CMITech specializes in high-performance iris and face recognition systems, focusing on developing contactless, image-based biometric products that combine usability and performance [7][8]
IDEX Biometrics ASA secures 45,000 sensor system order as DigAware accelerates nationwide rollout
Globenewswire· 2025-09-17 06:15
Core Insights - IDEX Biometrics has secured an order of 45,000 sensors from DigAware, enabling rapid scaling of biometric access solutions in the U.S. market before global expansion [1] - The partnership highlights the growing demand for secure access control and safety, with IDEX's technology being recognized for its speed, accuracy, and support [2] - IDEX Biometrics positions itself as a leader in fingerprint biometrics, focusing on card-based applications for payments and digital authentication [3] Company Overview - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions across various sectors including payments and access control [3] - DigAware, a product division of Emnovate, aims to innovate in biometric access solutions, driven by the increasing need for secure access control [2][3] - Emnovate, founded by Robin Bienfait, offers advisory services to businesses seeking growth and new business models [3]
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]
IDEX Biometrics ASA: First half 2025 report
Globenewswire· 2025-08-27 05:00
Financial Performance - IDEX Biometrics reported operating expenses excluding cost of materials and depreciation of $5.2 million for the first half of 2025, a 52% reduction compared to $10.7 million in the same period of 2024 [2] - The company had a net loss of $2.1 million for the quarter, with revenues of $0.1 million [2] - Cash balance as of June 30, 2025, was $1.0 million [2] Operational Changes - The company reduced its full-time equivalent staff from 59 on June 30, 2024, to 30 by the end of Q2 2025, resulting in a 73% reduction in compensation and benefits costs compared to the previous quarter [2] - A renegotiation of Heights convertible bond reduced the outstanding principal from approximately NOK 66.6 million to NOK 50.0 million, and further to approximately NOK 33.3 million in July [2] - The company aims to achieve a quarterly run rate of operating expenses between $1.5 million and $1.7 million by the end of Q3 2025 [2] Management and Governance - On June 1, 2025, IDEX strengthened its management team by appointing Kjell-Arne Besseberg as Chief Operating Officer [2] - On June 30, 2025, CEO Anders Storbråten also took on the role of CFO, consolidating the two positions to reduce costs and enhance focus on investor relations [2] - Employees, directors, and consultants subscribed for 299,381,600 shares totaling approximately NOK 3.0 million on June 15, 2025, to strengthen alignment of interests within the company [2] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [1] - The company partners with leading card manufacturers and technology companies to bring its biometric solutions to market [1]
Mandatory disclosure of holding and notice of trade in IDEX Biometrics - 26 August 2025
Globenewswire· 2025-08-26 06:50
Core Insights - IDEX Biometrics ASA completed Tranche 2 of a private placement, involving 4,359,315 shares lent by CEO and CFO Anders Storbråten at a price of NOK 3.30 per share [1] - After the completion of Tranche 2, Anders Storbråten and close relations hold a total of 11,555,213 shares, representing 20.3% of the total outstanding shares and votes in IDEX Biometrics [2] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [3]
Mandatory disclosure of holding and notice of trade in IDEX Biometrics – 23 August 2025
Globenewswire· 2025-08-23 11:00
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 2, a total of 4,813,857 shares were included, which also accounted for underwriting shares [1] - Pinchcliffe AS and CEO Anders Storbråten subscribed to 469,255 and 703,883 shares respectively, resulting in Storbråten and close relations holding 7,195,898 shares, or 13.81% of total outstanding shares after tranche 2 [2] Group 2 - K-konsult AS, related to chair Morten Opstad, subscribed to 153,343 shares, while Opstad subscribed to 50,000 shares at the same price of NOK 3.30 per share [3] - IDEX Biometrics is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The company collaborates with leading card manufacturers and technology firms to market its biometric solutions, which are based on proprietary sensor technologies and integrated circuit designs [3] Group 3 - The notice regarding the private placement was issued by COO Kjell-Arne Besseberg on 23 August 2025, in compliance with EU Market Abuse Regulation and Norwegian Securities Trading Act [4]