IDEX obtains significant strategic investment from world-class electronics manufacturer World Wide Touch Technology
Oslo, Norway, 2 September 2013: In a notice to the market earlier today, IDEX ASA disclosed that world-class electronics manufacturer World Wide Touch Technology (Holdings) Limited (“WWTT”) invests NOK 30.6 million in IDEX, by acquiring 7,365,060 new shares or 2.2 per cent of the expanded share capital.
“World Wide Touch Technology is the first strategic industrial player to make an investment in IDEX, and we are proud to welcome World Wide on our list of shareholders,” said Morten Opstad, chairman of IDEX.
WWTT is a Hong Kong listed company, operating chiefly in Hong Kong and the People’s Republic of China and has approximately 2,400 employees. The company develops and manufactures a broad range of automation and high-tech products, modules and components, and operates a Biometric Security Platform (division).
Kelvin Wong, CEO of WWTT, said, “In anticipation of the explosive growth in biometrics in the coming years, and to support our FingerQ product roadmap, our investment in IDEX will help us realize our goals. IDEX’s advanced fingerprint imaging and recognition technology allows us increased flexibility in product design and development.”
Hemant Mardia, CEO of IDEX said, “The investment by World Wide Touch Technology represents an important source of funding for IDEX in order to capitialise on the rapidly developing biometric mass market. We are very pleased to announce a new strategic relationship with one of the early adopters of consumer fingerprint biometrics. WWTT’s recognition of IDEX’s advanced fingerprint sensing technology, together with WWTT’s established market presence and FingerQ product roadmap, is a further important milestone achievement for IDEX.”
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Kristian Wiermyhr, VP strategy and sales, +47 41273360, kw(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. IDEX’s vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger® technology platform based on the Company’s core intellectual property, including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, the SmartFinger technology enables on-device enrollment, template storage and verification within the very same module. SmartFinger solutions can be seamlessly integrated into a variety of embedded applications such as mobile phones, one-time password devices, Smartcards, payment and ID cards, payment terminals, access control devices and biometric security and login tokens.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com
About World Wide Touch Technology
World Wide Touch Technology (Holdings) Limited was incorporated in 2009. The Group are principally engaged in a range of high technology products in the area of automation, touch, security, energy and communication.
The product range of the Group includes automation related equipment and services, capacitive touch pads, capacitive touch screen controllers and modules, fingerprint biometric devices, wireless charging devices, plasma lighting source products, high-speed communication- and automotive-related products.
With a vision to become a provider of “life technologies” to facilitate and improve the daily lives of the users, the Group strives to employ cutting-edge technologies in its products and implement strategic development plans in an effort to enlarge its market share and promoted the diversification of its product mix.
The Company has been listed on The Stock Exchange of Hong Kong Limited since 15 December 2010.
Web site: http://www.wwtt.hk