Norwegian biometric firm Idex has announced that the company has signed an agreement with its major global payment partner.As part of the agreement, IDEX will be paid against specific roadmap milestones over the next 6 months.”We are really pleased that a key partner has made this strong commitment to our technology vision and product roadmap. This relationship is a real recognition of the deep biometric expertise we have created at IDEX and that we can now deliver this into the market as a sensor solution partner. We fully expect this relationship to kick-start the monetisation of the technologies we have invested in over the last 3 years” says Dr Hemant Mardia, CEO of IDEX.IDEX uses its patented off-chip technology to develop sensor solutions. It uses a fully flexible large area sensor, a high-performance ASIC, compact recognition algorithm and very low power consumption for ISO-compliant contact and contact-less biometric payment cards which work without needing internal batteries.
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