IDEX – Extends agreement with major semiconductor manufacturer
The agreement with a major electronics and semiconductor manufacturer announced in 2009, has been extended.
The programme is aimed at assessing the manufacturability, cost and commercialization of the SmartFinger® sensor intended for high volume markets, such as mobile phones. Both companies have allocated resources into the program; IDEX with a responsibility to provide the SmartFinger® sensor design and intellectual property, while the semiconductor partner will establish a manufacturing process and deliver components. The final decision on further commercialization will be taken later this year.
“This is an extension to an important agreement. We are targeting several high volume markets for our award winning fingerprint technology. We are delighted that a major player in the semiconductor market continues allocating substantial resources into optimizing our fingerprint sensor technology to their high volume manufacturing processes,” says Ralph W. Bernstein, CEO of IDEX.
The agreement runs until the end of 2010, during which period the project deliveries will be evaluated and the companies will plan the next stages of the programme.
1 July 2010
IDEX ASA
For further information, please contact:
CEO Ralph W. Bernstein, tel: +47 9305 9303, e-mail: ralph.bernstein(at)idexbiometrics.com
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About IDEX:
The Norwegian technology company IDEX offers world leading swipe fingerprint sensor technology. The company was established in 1996 based on patented inventions at the Norwegian research group SINTEF. IDEX is listed at Oslo Axess. In 2009, the company received the Global Sensor Product Differentiaton Innovation of the Year Award by Frost & Sullivan. The company’s CEO is professor Dr. Ralph. W. Bernstein, who previously worked as research director at SINTEF. IDEX aims to provide safe, secure and simple fingerprint sensors for electronic devices, banking services, security and ID applications.
Oslo Axess:
http://www.osloaxess.no/markedsaktivitet/stockOverview?newt__ticker=IDEX
IDEX web site:
www.idexbiometrics.com
