IDEX enters into memorandum of understanding with Amkor Technology to formalize a strategic mass volume manufacturing partnership for fingerprint sensors
Press release
IDEX enters into memorandum of understanding with Amkor Technology to formalize a strategic mass volume manufacturing partnership for fingerprint sensors
Oslo, Norway, 11 November 2014: IDEX ASA, a leader in fingerprint technology and solutions, has entered into a memorandum of understanding with Amkor. The companies formalize significant development progress over the last six months. Amkor is a first-tier supply chain partner for mass production of IDEX’s fingerprint sensors. The agreement enables competitive commercialization of IDEX’s fingerprint sensor technology by leveraging Amkor’s world-class high precision manufacturing capabilities for IDEX advanced off-chip fingerprint sensors. In addition, the parties will leverage Amkor’s strong established customer base to increase finger print sensor deployment and market penetration within high-growth market sectors.
Amkor is listed on NASDAQ, and is one of the world’s largest providers of outsourced advanced semiconductor assembly and test services. The partnership provides IDEX with the necessary capabilities and capacity to deliver fingerprint sensors in mass volume to first-tier mobile OEMs. Amkor’s global manufacturing capabilities enable IDEX to service multiple customers internationally. Amkor has a proven track record in high volume manufacturing of finger print sensors for the mobile market, achieving excellent production yields and cost effective automated processing through innovative packaging solutions.
IDEX has a manufacturing outsourcing strategy and the company is therefore pleased to enter into this strategic partnership with Amkor. This partnership provides a strong platform to enable IDEX to service multiple OEM’s and strengthens the commercialization phase for mass volume execution
Press contacts
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
About Amkor
Amkor is a leading provider of semiconductor packaging and test services to semiconductor companies and electronics OEMs. More information about Amkor is available from the company’s filings with the Securities and Exchange Commission and on Amkor’s website: www.amkor.com.
About IDEX
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of more than 20 patent families including more than 200 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product 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 the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company 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 ASA
Web: www.idexbiometrics.com
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa
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