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Idex raises $11M for commercialization, partners to speed biometric card deployments
May 26, 2023, 5:56 p.m. | William McCurdy
Biometric Update www.biometricupdate.com
Fingerprint biometrics firm IDEX Biometrics has raised NOK 125 million ($11 million) via the sale of 147 million new shares at NOK 0.85 ($.077) per share.
The Norwegian firm said it intends to use the proceeds to accelerate its product commercialization, working capital and general corporate purposes.
In addition, Idex and French card maker SELP have partnered to accelerate the deployment of biometric smart cards.
SELP makes more than 350 million a year in 60 countries across Europe, Central America, …
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