Apple’s iPhone with a fingerprint sensor heralds a new era of security on mobile devices, opening up a multibillion dollar market for IDEX
Press release
Apple’s iPhone with a fingerprint sensor heralds a new era of security on mobile devices, opening up a multibillion dollar market for IDEX
Oslo, Norway, 11 September 2013: Hemant Mardia, CEO of IDEX, the Norwegian listed firm (OSE: IDEX) targeting the smartphone and consumer mass markets to supply its unique SmartFinger, is enthusiastic about Apple’s launch of its iPhone 5S which has a touch fingerprint sensor in the home button.
“Apple’s launch of the iPhone 5S with a fingerprint sensor lights the fuse for rapid mass market adoption on a wide range of consumer devices,” said Dr. Mardia. “IDEX has promoted capacitive fingerprint sensing as the optimal biometric security solution, and we are pleased that Apple at the launch stated that ‘fingerprint is the best password’,” he added. “With this solution now on the market and additional secure applications to come, user adoption and market demand will take off, with Android phones to offer similar features. IDEX offers highly cost efficient swipe sensors and forthcoming touch sensors with excellent biometric performance for the mass market.”
Since Apple acquired AuthenTec, a leading provider of capacitive fingerprint sensors, approximately one year ago, IDEX has received great interest from manufacturers in the mobile communications industry, and the company disclosed in the first half of 2013 that it had entered into a partner agreement with a global supplier to the mobile communications market. Recently, the world-class electronics manufacturer World Wide Touch Technology acquired 2.2 per cent of IDEX’s shares.
CTO Ralph W. Bernstein at IDEX commented, “IDEX holds early patents and strong intellectual rights for low-cost capacitive fingerprint sensors and has a unique cross-licence with Apple relating to this technology. Apple’s phone release proves that capacitive fingerprint sensors are the optimal solution.”
“Smartphone vendors other than Apple now holds 86 per cent of the market, and IDEX is one of three principal suppliers to serve that market,” said Kristian Wiermyhr, VP of Strategy and Sales at IDEX, and added, “Our current swipe sensor is available for integration in Android devices and at Mobile World Congress in Barcelona earlier this year we showed a technology concept for embedding a sensor using our patented sensing principle in the mobile phone’s cover glass.”
Web: www.idexbiometrics.com
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa
Press contacts
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Kristian Wiermyhr, VP strategy and sales, +47 41273360, kw(at)idexbiometrics.com
About IDEX
IDEX ASA specialises in fingerprint imaging and recognition technology. IDEX’s vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger® technology platform based on the Company’s core intellectual property, including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, the SmartFinger technology enables on-device enrollment, template storage and verification within the very same module. SmartFinger solutions can be seamlessly integrated into a variety of embedded applications such as mobile phones, one-time password devices, Smartcards, payment and ID cards, payment terminals, access control devices and biometric security and login tokens.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at mailbox@idexbiometrics.com
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