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IDEX Biometrics ( (IDXAD) ) has issued an update.
IDEX Biometrics has received a production order for 10,000 units from a major smart card technology company in the Middle East and Africa, marking the first Visa biometric bank card program in the region utilizing IDEX Pay technology. This development signifies a step forward in the commercialization of biometric smart cards, enhancing secure payments and identity control, and potentially broadening the adoption of such technologies across the fast-growing payment markets.
More about IDEX Biometrics
IDEX Biometrics ASA is a global leader in fingerprint biometrics, offering authentication solutions for payments, access control, and digital identity. The company focuses on card-based applications, partnering with leading card manufacturers and technology companies to bring their patented sensor technologies and software to market.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.01M
Find detailed analytics on IDXAD stock on TipRanks’ Stock Analysis page.