IDEX Biometrics Sets Date for Q3 Report

“The update will detail what has been an eventful quarter with respect to IDEX’s developing biometric cards business.”

IDEX Biometrics has set a date for its Q3 report: It will be published on Thursday, November 8th around 7:00am CET. The company’s leadership will also host a live presentation on the results at 9:00am CET in the Vika Atrium Conference Centre in Oslo, which will be helmed by CEO Stan Swearingen and CFO Henrik Knudtzon.

The update will detail what has been an eventful quarter with respect to IDEX’s developing biometric cards business. The company received its first order for fingerprint sensors designed for card applications in September, with the news quickly followed by an announcement that China-based Hengbao will trial IDEX’s dual interface card solution in the Asian market.

At the end of last month, IDEX also announced that it had received a second order for its biometric card technology for dual interface cards, this time naming its client – China’s XH Smart Tech. The timing of that order appears to fall outside of the Q3 window, but the deal is likely to be highlighted in IDEX’s corporate update as another example of its growing momentum in the emerging biometric cards market.

Other developments, such as the integration of an IDEX sensor into a new remote control, may also get some attention in the corporate update, though it’s likely to focus heavily on IDEX’s biometric card solutions business, which has emerged as the key strategic area for the company over the past several months.

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November 6, 2018 – by Alex Perala