IDEX Biometrics’ sensor featuring in remote controller by Ohsung Electronics

Oslo, Norway – 13 September 2018 – IDEX ASA, the leading provider of advanced fingerprint identification and authentication solutions, is pleased to announce that its fingerprint sensor solutions has been integrated into a remote controller  by Korean company Ohsung Electronics, who will showcase the product at IBC2018 in Amsterdam on September 13th – 15th 2018 through their exclusive European partner TW Electronics (Hall 5 Stand B36).

“The demand for simplicity and security is ever-present, and IDEX is very pleased that Ohsung  Electronics and TW Electronics have integrated its fingerprint sensor into a remote controller. Ohsung Electronics and TW Electronics have integrated IDEX’s contact-based sensor for cards, and this customer adoption is a validation that IDEX’s biometric solutions are highly relevant and suitable for other applications as well”, says David Orme, SVP Sales and Marketing at IDEX Biometrics.

Ohsung Electronics is a Korean company founded in 1975. The company has a global footprint and manufactures over 100 million remotes annually. Adding fingerprint sensor to remotes will enhance user value by allowing a friendly way to authenticate the user.

“At Ohsung Electronics our drive for innovation is relentless. We are always looking for ways to keep our products up to date, follow market trends and improve them for our users and adding a fingerprint sensor is an obvious progression. We are very pleased with the performance of IDEX’s sensor and expect this product to generate a strong customer interest”, says In Kyu Kim, Executive Vice President of Ohsung Electronics.

IDEX’s core focus is developing and selling biometric solutions to the smart card market. However, products developed for the biometric smart card space are highly relevant for other market verticals, including the IOT space, and IDEX will entertain attractive opportunities outside the smart card space.

Contact:
Henrik Knudtzon, CFO,
+47 9302 2827, henrik.knudtzon@idexbiometrics.com

About IDEX Biometrics
IDEX Biometrics, also known as IDEX ASA (OSE: IDEX), is a provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast-growing multi-billion-unit opportunity.

For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics

About Ohsung Electronics
Ohsung Electronics, established in 1975, is a global company that operates production subsidiaries in Korea, China, Indonesia and Mexico.
Ohsung Electronics is leading the remote control market by applying motion, voice search, listening alone, and capacitive touch based on its technical skills in RF solutions such as Bluetooth, Zigbee and Wi-Fi
In addition, Ohsung Electronics has developed and produced Smart Home Solution products that can control all devices in the home and various IoT products such as humidity sensor, dust sensor, light sensor and motion detection sensor.

For more information, please visit http://www.ohsungec.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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