IDEX ASA – First quarter 2018 results
Oslo, Norway – 8 May 2018 – IDEX ASA, the leading provider of advanced fingerprint identification and authentication solutions is preparing for mass commercialisation of biometric smart cards.
The market for biometric cards is rapidly gaining momentum. End-user trials and proof of concepts conducted by companies, such as Mastercard and VISA, is increasing consumer awareness and card issuer interest in next-generation smart cards, leading to an inflection point in the market for biometric cards.
In 2018, IDEX has successfully completed all deliverables for certification of its solution for contact-based biometric cards. In addition to its contact-based card solutions, IDEX is working closely together with multiple partners on advanced solutions for contactless cards. Internal proof of concept pilots are planned for the second quarter of 2018, with subsequent end-customer trials.
The company is currently in active commercial discussions, and continues to experience strong interest, from multiple card vendors. IDEX expects initial production orders shortly, as well as additional customers and increased pipeline of opportunities globally.
IDEX’s top priority is to continue to secure its leadership position in the market for biometric cards. In addition, the company will selectively leverage its sensor solutions into the IoT market. IDEX’s off-chip technology is also uniquely suited for integration into the smartphone display, and the company considers this an exciting opportunity going forward.
IDEX will be hosting a its annual general meeting today, Wednesday 9 May 2018, at 09:00 am CET at the Vika Conference Centre at Aker Brygge in Oslo from, followed by a presentation of the first quarter results by the CEO Stan Swearingen and CFO Henrik Knudtzon.
Please find the first quarter 2018 report and the presentation of the results enclosed or linked at the end of this notice.
Contact:
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idexbiometrics.com
The market for biometric cards is rapidly gaining momentum. End-user trials and proof of concepts conducted by companies, such as Mastercard and VISA, is increasing consumer awareness and card issuer interest in next-generation smart cards, leading to an inflection point in the market for biometric cards.
In 2018, IDEX has successfully completed all deliverables for certification of its solution for contact-based biometric cards. In addition to its contact-based card solutions, IDEX is working closely together with multiple partners on advanced solutions for contactless cards. Internal proof of concept pilots are planned for the second quarter of 2018, with subsequent end-customer trials.
The company is currently in active commercial discussions, and continues to experience strong interest, from multiple card vendors. IDEX expects initial production orders shortly, as well as additional customers and increased pipeline of opportunities globally.
IDEX’s top priority is to continue to secure its leadership position in the market for biometric cards. In addition, the company will selectively leverage its sensor solutions into the IoT market. IDEX’s off-chip technology is also uniquely suited for integration into the smartphone display, and the company considers this an exciting opportunity going forward.
IDEX will be hosting a its annual general meeting today, Wednesday 9 May 2018, at 09:00 am CET at the Vika Conference Centre at Aker Brygge in Oslo from, followed by a presentation of the first quarter results by the CEO Stan Swearingen and CFO Henrik Knudtzon.
Please find the first quarter 2018 report and the presentation of the results enclosed or linked at the end of this notice.
Contact:
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idexbiometrics.com
Henrik Knudtzon, CFO, +47 9302 2827, henrik.knudtzon@idexbiometrics.com
About IDEX
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.
For more information, please visit www.idexbiometrics.com and follow us on Twitter @IDEXASA
About IDEX
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.
For more information, please visit www.idexbiometrics.com and follow us on Twitter @IDEXASA
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
