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enabling more than 30 national identification projects and 50 million users
globally, mainly for government ID and healthcare. MCS biometric smart cards for
identity access will leverage IDEX Biometrics cutting-edge fingerprint
technology. The partnership marks IDEX Biometrics continued expansion in Asia
Pacific, representing a significant and growing market opportunity.
MCS’s multi-application smart cards are based on IDEX Biometrics latest sensor
solution, ensuring fast, accurate, and seamless authentication. IDEX Biometrics
solutions continue to expand into non-payment segments, with high-assurance
performance and biometric matching increasing performance and security for
trusted ID solutions. MCS intends to offer this new battery less solution to its
customers and partners across Southeast Asia, North America and Europe in the
fourth quarter of 2023.
“Our partnership with MCS will help drive our advanced biometric card solutions
into new segments and industries,” stated Catharina Eklof, CCO of IDEX
Biometrics. “The identity access management market is estimated to reach $53
billion by 2026, and our joint solution with MCS positions us well in this
emerging market.”
“MCS is leading the technology development for e-passports and multi-application
ID cards, and our partnership with IDEX Biometrics ensures continued
acceleration with industry-leading technologies,” said Chas Yap, Managing
Director of MCS. “This new biometric multi-application card solution is cost-
efficient, long-lasting, has superior biometric performance, and addresses key
business challenges for our customers.”
Source: Juniper Research, 2022
For further information contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
(https://www.globenewswire.com/Tracker?data=MBG4sKrMKnniuOqtP5awrxte5rN8C_5dKE1x
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8IG5jhjtBJkyTDCeGlNHz)Tel: + 47 918 00186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) 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 www.idexbiometrics.com
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About MCS Microsystems Sdn Bhd
MCS Microsystems provides secured smartcard and related technologies, enabling
more than 30 national identification projects and 50 million users since 1999.
Our portfolio includes a fourth-generation multi-application chip operating
system (COS) for Trusted ID applications, biometric ID cards, emerging multi-
modal biometric solutions from technology partners, and eco-friendly materials
and efficient methods for ID document manufacturing. MCS’s latest development is
an information switch platform that uses QR code as digital verifiable
credential to control data sharing between service providers. The system
leverages on proven smartcard security practices, PKI and web security
standards, and, if needed, a private blockchain.
For more information, visit www.mcs-group.com.my
TRADEMARK STATEMENT
IDEX, 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.
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