Capital increase in IDEX registered
Reference is made to the announcement from IDEX ASA on 2 January 2015 about its acquisition of a world-leading software algorithm and key patents for small area fingerprint touch sensors.
In connection with the transaction, IDEX issued 500,000 new shares in the company. The shares are subject to certain agreed restrictions.
The share capital increase has been registered in the Norwegian Register of Business Enterprises.
Following the registration, the company’s share capital is NOK 62,023,329.30 divided into 413,488,862 registered shares each with a nominal value of NOK 0.15.
16 January 2015
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of more than 20 patent families including more than 200 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently in the process of commercialising the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at firstname.lastname@example.org