Zwipe has completed delivery for the first order of its second-generation biometric inlay for smart cards, the company has announced.
The company has not disclosed the name of its client, but indicated in a statement that the order concerned “a few thousand units”, and would generate revenues of about half a million NOK in the third quarter of the fiscal year. Commenting further, Zwipe CEO André Løvestam suggested that the order will see Zwipe’s fingerprint biometrics technology integrated into a payment card solution.
“Zwipe’s biometric payment platform is the most widely live-tested solution in the marketplace and it has been progressively updated in terms of performance and cost,” he said, adding later, “We are supporting our customers toward achieving a mass-marketable roll-out of their biometric payment cards.”
Zwipe has placed a strong R&D focus on its biometric card inlay technology in recent months, collaborating with Cypress Semiconductor last year on a microcontroller unit that reduced the power consumption of its inlay solution by 70 percent.
Zwipe has also sought to get an edge in the emerging biometric payment cards industry through key strategic partnerships. Earlier this month, Zwipe made news with a partnership with DZ Card to develop biometric payment cards for the APAC market, and followed that with a partnership with G+D on an unnamed biometric payment device. And just over a week ago, Zwipe announced that it was teaming up with IDEMIA on a cost-effective biometric payment card solution that the companies aim to bring to market in the latter half of 2020.