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Ipsidy signs Noftek as a reseller of its biometric identity solutions

The company will initially focus on selling Verified, Ipsidy's mobile biometric authentication product

An illustration symbolizing biometric security
Biometric technology helps customers reduce fraud and protect personal data

Ipsidy Inc (OTCMKTS:IDTY) announced Monday that it has signed Noftek LLC as a reseller of its biometric identity products, initially in the British Virgin Islands.

The Identity as a Service (IDaaS) company sells mobile biometric technology to reduce fraud, minimize risk and protect personal data in digital and physical transactions. Customers include governments, enterprises, membership organization and religious groups.

Shares of Long Beach, New York-based Ipsidy climbed 2.1%, to $0.10 in Monday’s late-afternoon OTC Markets trading.

READ: Ipsidy sees revenue climb in 2018 thanks to sales of biometric security products

Noftek, based in Atlanta and also operating in the Caribbean, helps companies adopt security practices in the areas of data protection and backup, compliance and risk mitigation.

The company will initially focus on selling Verified, Ipsidy's mobile biometric authentication product.

"Ipsidy is excited to have Noftek join the Ipsidy Partner Network and help us expand into the Caribbean," James Tuffery, director of identity at Ipsidy, said in a statement. "We believe that our entry into this energetic and vibrant market through our partnership with Noftek is a significant opportunity for Ipsidy.”

Noftek Managing Partner Letson Jackson added that “we are delighted to add Ipsidy's biometric authentication solutions to our portfolio.".

Contact Dennis Fitzgerald at [email protected]roactiveinvestors.com

Quick facts: Ipsidy Inc

Price: 0.08025 USD

OTCMKTS:IDTY
Market: OTCMKTS
Market Cap: $41.58 m
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