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IDEX Biometrics ( (IDXAF) ) just unveiled an announcement.
IDEX Biometrics has entered into an exclusive strategic partnership with Singapore-based ID Centric, which will invest about NOK 90 million for a 20% stake via private placement and commit to using IDEX sensors across its biometric ID card portfolio. The deal includes an initial USD 1.75 million purchase order starting April 2026, positions ID Centric as an authorized reseller for IDEX access and payment cards in Asia-Pacific, and grants a performance-based option for a further 5% equity stake tied to high-volume sensor purchases.
The partnership opens a significant new revenue channel for IDEX in national and government-issued biometric ID cards, a rapidly expanding segment driven by regulatory and security demands. Proceeds from the capital raise will help redeem IDEX’s remaining convertible bond and fund commercialization and product development, while joint technology and go-to-market efforts with ID Centric aim to accelerate scale deployment and strengthen IDEX’s competitive position in secure digital identity.
More about IDEX Biometrics
IDEX Biometrics ASA is a Norwegian provider of fingerprint identification technologies for payment cards, access cards, and national identity documents. Its on-card biometric solutions enable secure, contactless authentication without requiring network connectivity or external readers, targeting financial, access control, and government ID markets globally.
Average Trading Volume: 191,596
Current Market Cap: NOK409.6M
See more data about IDXAF stock on TipRanks’ Stock Analysis page.