IDEX wins fingerprint sensor IOT deals
31 October 2016 16:06 GMT

Norwegian biometrics firm IDEX has noted that its fingerprint sensors will feature in new IOT devices following three contract wins.

IDEX announced that the company is shipping polymer 'Eagle' fingerprint sensors to three different Internet of Things (IoT) customers. IDEX has received repeat orders from all three customers for sensors to be integrated into different application areas. This includes BioKey's USB dongle, the SideTouch, as well as a door lock and an encrypted storage solution from two other Asian customers.

"I am pleased about our traction in the developing IoT segment, which is a strong validation of the Eagle off-chip sensor. The off-chip sensor offers a strong fit for IoT applications with its compelling cost position for a larger sized sensor," says Dr. Hemant Mardia, CEO of IDEX. "The IoT orders are also confirming that our shift to a direct sales model is starting to convert into sales, and we expect the business from these three customers to continue at a steady pace throughout 2017", he continues.

The IoT market potential is huge, but also fragmented. IDEX has said it is focusing on selected vertical opportunities, where its off-chip fingerprint sensor offer a stronger value proposition.