IDEX Announces Breakthrough Production Order for Tier-One Mobile Handset
IDEX ASA today announced that it has received an initial commercial volume production order for its Cardinal touch fingerprint sensor for a tier-one mobile handset. This production order follows IDEX’s design win with the OEM smartphone manufacturer for a device to be distributed by a major wireless carrier, as announced on December 21, 2015. IDEX expects to commence shipments to fulfill the order during the second quarter of 2016.
“Our first, commercial volume, production order represents a major milestone for IDEX serving as clear validation of our world class sensor technology. IDEX’s fingerprint technology is protected by one of the strongest IP portfolios in the industry and we have a compelling value proposition for leading mobile OEMs. We are now marketing our cutting edge range of products to the mobile industry,” said Dr. Hemant Mardia, CEO of IDEX.
IDEX is the only company in the industry with both silicon and polymer technology-based sensors, enabling it to offer a broad product portfolio that fully addresses the diverse form factor requirements across the full range of mobile devices and smart phone models. IDEX’s production-ready fingerprint sensor products are suitable for integration in all mobile devices as well as smart-card applications. IDEX’s Cardinal sensor offers a compact, low-cost, silicon fingerprint touch sensor solution with very low power consumption.
Dr. Mardia added, “This customer selected IDEX technology for the compelling price-performance of our sensor, and we are confident that this customer will place additional and ongoing orders with IDEX. We expect the endorsement of our product suite by a tier-one mobile device OEM to lead to further design wins and product orders with a number of customers in 2016.”
Hemant Mardia, CEO, +44 7788 922 171, email@example.com
Henrik Knudtzon CFO, +47 9302 2827, firstname.lastname@example.org
IDEX has developed the world’s most advanced fingerprint imaging, recognition and authentication technology. IDEX’s innovative Intellectual Property (IP) is protected by a comprehensive portfolio of more than 225 patents, and IDEX continues to grow the portfolio through ongoing innovation.
The IDEX business model involves the designing of fingerprint sensor IP and products. IDEX sells and licences its technology to global Original Equipment Manufacturers (OEM) partners. These partners will utilise IDEX IP in a range of innovative biometrically enabled products and pay IDEX either a royalty on every product item produced, or purchase the fingerprint sensor units.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets:
ID security and Smart Cards
The Internet of Things
IDEX has an exciting and competitive product ready 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 these products and has recently announced a number of important OEM partnerships and end user design wins.
IDEX ASA (ticker IDEX) is a Norwegian public company, founded in 1995, and its shares are Listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.