Nemex Resources Ltd (ASX: NXR) is a Perth-based company which diversified its resources portfolio by investing in Australian-based biometric technology development company Wavefront Biometric Technologies (WBT). Nemex currently holds 40% of WBT.
Wavefront’s core business is developing innovative biometric solutions for authentication of identity utilising the unique properties of the eye. Wavefront’s vision is to become the identity authentication platform provider for all mobile devices and transactions requiring end-user verification, across government and military; enterprise; and consumer markets.
Wavefront is targeting further significant miniaturisation and performance and usability improvement of its technology with the objective of accelerating commercialisation.