Latest news with #IDEXPay
Yahoo
21-05-2025
- Business
- Yahoo
IDEX Biometrics ASA: First quarter 2025 report
IDEX Biometrics ASA's first quarter 2025 report is attached to this notice. Recent highlights: On 11 March 2025 IDEX Biometrics announced a new strategy with a fundamental shift in how the company would take its unique technology and products to market New CEO appointed – Anders Storbråten Securing a new debt facility of NOK 30 million, converted to shares Heights convertible bond renegotiated and amended Range of operational improvement initiatives under way – target quarterly run rate OPEX from end Q3 2025 in the range of $1.5-1.7 million. Production order in Japan from the manufacturing partner Beautiful Card Corporation (BCC). The order has a value of approx. USD 50,000 Order received from DigAware to deliver biometric sensor solution for access cards with sensor systems from IDEX IDEX Biometrics receives IDEX Pay order for VISA biometric cards in the Middle East & Africa region of 10,000 units KONA I granted Mastercard Letter of Approval for IDEX Pay biometric cards Completed debt conversion, launching subsequent offering allowing investors to participate at the same terms as shareholders participating in the debt conversion Financial results Q1 2025: Revenues of $0.1 million in the quarter. Ordinary operating expenses amounting to $2.4 million. Net loss was $4.1 million. Cash balance per 31 March 2025 at $1.1 million IDEX Biometrics CEO Anders Storbråten will host a presentation at Arctic Securities at 12:00 CET today. The presentation will be published to the stock exchange. IDEX Biometrics' reports and presentations are available on our website: For further information, please contact: Kristian Flaten, CFO, Tel: +47 95092322 E-mail: ir@ About IDEX Biometrics: IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit About this notice: This notice was issued by Kristian Flaten, CFO, on 21 May 2025 at 08:52 CET on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12. Attachment IDEX BIOMETRICS Q1 2025 REPORTError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-02-2025
- Business
- Yahoo
IDEX Biometrics receives IDEX Pay order for VISA biometric cards in MEA
Oslo, Norway – 20 February 2025 - A leading smart card technology, security and ID company based in MEA (Middle-East & Africa) has placed a production order of 10,000 units with IDEX Biometrics. The order supports Visa biometric bank card programs in one of the fastest growing payment markets in the region, and marks the first Visa program in market on the IDEX Pay biometric technology solution. The IDEX Biometrics partner serves over 500 banks, governments, and corporations worldwide. 'The innovation pace of our card manufacturing partners in bringing biometric smart cards to market is accelerating; certifications allow them to move to industrialized production and commercialization. Ultimately bringing more secure payments, access and identity control to more consumers around the world', comments Catharina Eklof, Chief Executive Office at IDEX Biometrics. For further information contact: Marianne Bøe, Head of Investor Relations, +47 91800186Kristian Flaten, CFO, +47 95092322E-mail:ir@ About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. The company's solutions provide convenience, security, peace of mind, and seamless user experiences worldwide. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, IDEX Biometrics' biometric solutions target card-based applications for payments and digital authentication. As an industry enabler, the company partners with leading card manufacturers and technology companies to bring its solutions to market. For more information, please visit Trademark StatementIDEX, 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. About this notice: This notice was issued by Marianne Bøe, Head of Investor Relations, on 20 February 2025 at 08:30 CET on behalf of IDEX Biometrics in to access your portfolio
Yahoo
20-02-2025
- Business
- Yahoo
IDEX Biometrics receives IDEX Pay order for VISA biometric cards in MEA
Oslo, Norway – 20 February 2025 - A leading smart card technology, security and ID company based in MEA (Middle-East & Africa) has placed a production order of 10,000 units with IDEX Biometrics. The order supports Visa biometric bank card programs in one of the fastest growing payment markets in the region, and marks the first Visa program in market on the IDEX Pay biometric technology solution. The IDEX Biometrics partner serves over 500 banks, governments, and corporations worldwide. 'The innovation pace of our card manufacturing partners in bringing biometric smart cards to market is accelerating; certifications allow them to move to industrialized production and commercialization. Ultimately bringing more secure payments, access and identity control to more consumers around the world', comments Catharina Eklof, Chief Executive Office at IDEX Biometrics. For further information contact: Marianne Bøe, Head of Investor Relations, +47 91800186Kristian Flaten, CFO, +47 95092322E-mail:ir@ About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. The company's solutions provide convenience, security, peace of mind, and seamless user experiences worldwide. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, IDEX Biometrics' biometric solutions target card-based applications for payments and digital authentication. As an industry enabler, the company partners with leading card manufacturers and technology companies to bring its solutions to market. For more information, please visit Trademark StatementIDEX, 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. About this notice: This notice was issued by Marianne Bøe, Head of Investor Relations, on 20 February 2025 at 08:30 CET on behalf of IDEX Biometrics ASA.
Yahoo
19-02-2025
- Business
- Yahoo
KONA I granted Mastercard Letter of Approval for IDEX Pay biometric cards
Oslo, Norway - 19 February 2025 – Global smart card and technology platform company KONA I, has obtained the Letter of Approval from Mastercard for biometric plastic (PVC) payment cards built on the IDEX Pay platform, allowing the issuance and deployment of biometric cards globally. KONA I obtained as the world's first, Mastercard approval for IDEX Pay biometric metal cards at the end of last year. South Korea based KONA I reports an annual production capacity of more than 60 million smart cards. They are leaders in smart cards, payment solutions and services for the financial, banking and public sectors. "KONA I has proven its leadership as the first manufacturing partner fully approved by Mastercard for both PVC and Metal cards. These certifications allow for industrialized production and accelerated commercialization. The combined technology leadership from KONA I and IDEX Biometrics is paving the way for more secure payments, access and identity control to consumers around the world,' says Catharina Eklof, Chief Executive Officer at IDEX Biometrics. For further information contact:Marianne Bøe, Head of Investor Relations, +47 91800186Kristian Flaten, CFO, +47 95092322E-mail:ir@ About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. The company's solutions provide convenience, security, peace of mind, and seamless user experiences worldwide. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, IDEX Biometrics' biometric solutions target card-based applications for payments and digital authentication. As an industry enabler, the company partners with leading card manufacturers and technology companies to bring its solutions to market. For more information, please visit Trademark StatementIDEX, 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. About this noticeThis notice was issued by Marianne Bøe, Head of Investor Relations, on 19 February 2025 at 11:45 CET on behalf of IDEX Biometrics in to access your portfolio
