Today, IDEX reported that their flexible off-chip fingerprint sensor is featured in the MasterCard next generation biometric card.
We are very pleased to be partnering with a true pioneer in the development of easy and secure transaction environments for consumers across the world. Our partnership has achieved first mover advantage in the mass market adoption for biometric cards, and we expect initial commercial deployment to begin in 2017. After multiple years of technology development and focus on this market, IDEX is proud to have our fingerprint sensors selected for this global payment card programme. IDEX has long-maintained a strong commitment and consistent focus on commercializing its sensors in the smart card market, and I believe we are extremely well positioned to capture a significant share of this market as a result of this program's disruptive solution.
Dr. Hemant Mardia, CEO of IDEX