IDEX enters into cooperation agreement with Shen Zhen Huajing Technology
IDEX ASA has entered into a cooperation agreement with Shen Zhen Huajing Technology Co.,Ltd for a SmartFinger Film enabled transactional security device.
Oslo, Norway, 7 April 2011: IDEX has entered into a cooperation agreement with Shen Zhen Huajing Technology Co.,Ltd.
Shen Zhen Huajing Technology is developing a biometric-enabled transactional security devicee incorporating the IDEX SmartFinger® Film fingerprint sensors and accompanying biometric software algorithms.
“I am delighted to be working with the highly recognized Shen Zhen Huajing Technology, and to become part of a large biometric ID program in China. This is a very important next step in bringing products powered by the IDEX technology to the market”, says Ralph W. Bernstein, chief executive officer of IDEX.
The agreement defines specific cooperation milestones for development, test and verification. Final qualification of the biometric device incorporating IDEX’ SmartFinger Film sensor is expected in the second half of 2011.
Based on successful qualification, it is the intent of the two companies to enter into a commercial agreement under which IDEX will supply SmartFinger Film sensor technology to Shen Zhen Huajing Technology.
About Shen Zhen Huajing Technology Co.,Ltd
Founded in 2002, Shen Zhen Huajing Technology Co.,Ltd is a recognized electronics company in Shenzhen, focusing on the research and development, production and sales of high-tech products for video surveillance, intelligent control and measurement. The company has leading expertise in system software design, embedded software, hardware design, as well as image processing, data transmission, mass information storage, data analysis, intelligent control, measurement technology, cryptography, EMC technology, intelligent protocol analysis and system integration. www.huaking.com
About IDEX
IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology. IDEX’ vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger Film technology platform including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication SmartFinger Film enables on-device enrollment, template storage and verification within the very same module. The SmartFinger Film sensor is thin and bendable and can be customized for a variety of applications such as One Time Password devices, Smartcards, ID cards, access control devices and biometric tokens. The SmartFinger technology is available to customers under an intellectual property licensing scheme or as SmartFinger Film sensor assemblies for integration into customers’ products. IDEX ASA (ticker IDEX) is listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at: mailbox@idexbiometrics.com
IDEX press contact:
Dr. Ralph W. Bernstein, CEO, IDEX ASA, +47 930 59 303, ralph.bernstein@idexbiometrics.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
