IDEX agrees terms on a global partnership in mobile communications
IDEX ASA has agreed a term sheet with a global partner serving the mobile communications market.
IDEX and a global partner serving the mobile communications market have agreed on a term sheet where the terms and contents cannot be disclosed.
“After securing agreements in both the ID and card market as well as the embedded market in the fourth quarter of 2012, IDEX has worked hard to team up with a strategic partner in the mobile market. We see strong interest from the mobile market at the moment, and we are excited to have reached a framework agreement with a strong global partner serving that market,” said CEO Ralph W. Bernstein in IDEX.
Based on the term sheet, IDEX has started technical collaboration activities with the global partner, including the immediate dispatch of a technology package for review and development purposes.
In tandem IDEX and its global partner are working to finalise the formal, comprehensive agreement.
12 March 2013
Ralph W. Bernstein, CEO, +47 9305 9303, email@example.com
Inge Berge, VP Business Development and IR +47 9326 8836, firstname.lastname@example.org
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 email@example.com