Preliminary Q4 2021 Idex Biometrics ASA Earnings Call Transcript
Hello, everybody. Good afternoon, good morning, and welcome to the Quarterly Presentation for IDEX Biometrics for the Fourth Quarter of 2021. Thank you, everybody, who's taking time to join in to this audio presentation. And I will take some time for those that are new to the story to go through our presentation deck on the background in status of the company. And I will try to emphasize new items and highlights of things that happened during the quarter before we get to the quarterly results.
So starting out here on the cover page, and we talk about IDEX, we like to talk about a company that is enabling the next generation of smart cards for payments and other card-based applications. And what we mean by that? If you think about the evolution of the payment card. We started out with standard just plastic PVC payment cards. We added high-tech MAG stripes to those that actually were very susceptible to fraud, then came the smart card where they actually added an encryption secure element chip. And in Chip-and-PIN was introduced, and with that
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