IDEX enters into partner agreement with Future Electronics
IDEX has entered into a partner agreement with Future Electronics for the co-development, sales and marketing of a fingerprint biometric authentication module based on SmartFinger Film fingerprint sensor and biometric algorithms.
Oslo, Norway, 17 October 2011: IDEX today announced that it has signed a partner agreement with Future Electronics whereby the two companies will work jointly to incorporate the IDEX SmartFinger® Film fingerprint sensor and biometric algorithms into a fingerprint-based biometric authentication solution targeting the access control market segment.
Future Electronics is a world-class leader and innovator in the distribution and marketing of semiconductors and passive, interconnect and electro-mechanical components. Future operates in 169 locations in 42 countries in the Americas, Europe and Asia.
The agreement defines specific cooperation milestones for development, test and verification of the solution. Final qualification of the biometric solution incorporating the IDEX SmartFinger Film sensor and biometric algorithms is expected within the first half of 2012.
Based on successful development and qualification, it is the intent for the two parties to enter into a commercial agreement whereby Future Electronics will market and sell the solution supplied by IDEX, initially in the Asian Pacific region.
“Future Electronics is looking forward to a very fruitful cooperative engagement with IDEX as we feel it will assist us to provide our customers with a competitive technological edge in the market place within a reasonable time frame and flawless execution,” says Pierre Joanisse, Vice President of Future Electronics Asia.
“IDEX is honored to be working with Future Electronics. It is a great inspiration and benefit for us to team up with a world leader in the electronic components industry with the aim to offer to manufacturers a self-contained fingerprint module assembly for embedding into various products. This agreement is an important strategic step in delivering the IDEX SmartFinger technology on the global market,” says Ralph W. Bernstein, Chief Executive Officer of IDEX.
Ralph W. Bernstein, CEO, +47 9305 9303, email@example.com
About IDEX ASA
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. The SmartFinger technology is available to customers under an intellectual property licensing scheme or as SmartFinger Film sensor assemblies for integration into customers’ products. For more information, please visit www.idexbiometrics.com or contact IDEX at: firstname.lastname@example.org.
About Future Electronics
Future Electronics is a world-class leader and innovator in the distribution and marketing of electronic components. Having served the electronics industry for over 40 years, Future Electronics is uniquely positioned as the only truly global distributor of electronic components supporting customers of all sizes. Future Electronics currently operates in 169 locations in 42 countries in the Americas, Europe and Asia, with its corporate headquarters in Montreal, Canada. For more information, please visit www.futureelectronics.com.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.