IDEX Biometrics’ new TrustedBio line of products is already generating interest with smart card manufacturers. The company has announced that it has formed a supply agreement with a “tier 1 smartcard manufacturer,” which will be integrating TrustedBio sensors into an upcoming line of next-generation smart cards.
The news comes only one day after the TrustedBio line was officially unveiled. TrustedBio is a biometric-system-on-chip solution that was designed to reduce manufacturing costs by negating the need for a standalone sensor and any supplemental electronic components.
According to IDEX, TrustedBio was selected following an extensive audit of its technical readiness, and its ability to deliver on its low cost, low-power, and high performance promises. The TrustedBio sensors are expected to enter mass production in the fourth quarter of 2020.
IDEX did not disclose the name of its partner, or the size and scope of the supply arrangement. However, it did reveal that the company in question is a current IDEX collaborator, and that the two parties have been working on a biometric card that is expected to receive certification soon. Both companies are hoping to advance smart card adoption on a global scale.
“We are proud to have been selected by one of the largest smartcard manufacturers in the world and look forward to collaboration to bring biometric payment cards to the mass market,” said IDEX CEO Stan Swearingen. “This is a validation of our off-chip product design that enables high performance at a disruptive cost point.”
This is not the first time that IDEX has been coy about one of its business partners. The company recently received a production order worth a minimum of $6 million from an undisclosed customer, finalizing an arrangement that was first hinted at in April of last year.
IDEX’s Farnborough development site has also been granted EMVCo certification.
(Originally posted on FindBiometrics)