IDEX Appoints Stan Swearingen to the Strategy Advisory Council
Oslo, Norway, 9 May 2016: IDEX announces the appointment of Stan Swearingen to the Strategy Advisory Council, and as a strategic consultant. The Strategy Advisory Council advises the company on market, technology and strategic trends in the rapidly developing mass market for fingerprint sensors.
Stan Swearingen is an industry veteran with a very strong record of accomplishment. His experience includes roles as former SVP & CTO at blue chip semiconductor companies Atmel and Synaptics. Stan has over 30 years’ experience in semiconductors, solutions for smartphones, and biometrics. At Synaptics Stan was instrumental in formulating the biometric fingerprint strategy, including the acquisition of Validity.
Larry Ciaccia, Chair of the IDEX Strategy Advisory Council, commented: “Stan brings a unique combination of experience from the smartphone market across touch control and display technologies along with the development of new fingerprint sensor based solutions. Stan’s history in development, technology innovation and strategy formulation of solutions for the smartphone market, together with high level interactions with key smartphone OEMs and ecosystem worldwide, will be an invaluable asset to IDEX”
“The market for fingerprint sensor Solutions is a sustainable growth opportunity for IDEX. The IP, fundamental technology and roadmap of IDEX is an ideal environment to bring my skills and experience in the development of new and innovative solutions to position IDEX as a market leader for fingerprint biometric solutions”, said Stan Swearingen. “I very much looking forward to contributing to the IDEX journey”, he added.
Hemant Mardia, CEO of IDEX commented: “The addition of Stan along with Larry and Michael brings together two of the leaders from the fingerprint market along with a key industry visionary in the payment space. I am excited about the combination of talent we have been able to assemble on the Strategy Advisory Council in shaping the future of IDEX. It is tremendous that Stan has chosen to work with IDEX to help drive our innovation roadmap and team development to the next level at the commercialization phase for IDEX.”
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Henrik Knudtzon CFO, +47 9302 2827, hk(at)idexbiometrics.com
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 47 granted and pending patent families, which continues to grow through ongoing innovation.
The IDEX business model is based on designing innovative fingerprint sensor IP and products, which IDEX sells and licenses global Original Equipment Manufacturers (OEM) partners. These partners utilise IDEX IP in a range of biometrically enabled products. The customersare either purchasing IDEX fingerprint sensor units or paying a royalty on units they produce. IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets:
· Mobile Devices
· 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 hk(at)idexbiometrics.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.