Idex Progress on the Mobile Market
Oslo, Norway, October 20, 2015: IDEX ASA, a leader in fingerprint imaging and recognition technology and IP, has been in active trials of our next generation fingerprint touch sensors with several leading mobile OEMs. As a result of positive evaluation of samples, and validation of superior imaging quality, trials have successfully progressed to the next phase. Customer specific modules have been manufactured and the potential customers have enabled on site integration to commence with their application software. We expect these activities to lead to mobile device design wins.
IDEX has enabled our fingerprint sensor software to operate with third party enrollment and matching software, to increase customer options and maximizing go to market solutions for our new sensors. IDEX already deploys several algorithm solutions to cover multiple applications. This strategy enables a wider product portfolio and supports increased customer sales activity with our channel partners.
IDEX’s next generation fingerprint sensor polymer technology has a compelling price/performance and customizable form factor benefits. IDEX announced the first production order for our new touch sensor on September 21, and this sensor is now in production through our high volume supply chain.
IDEX has also made excellent progress with demonstrating our unique inside glass sensor technology with our undisclosed partner. The inside glass solution provides a compelling sleek and durable design with no loss of imaging quality, leveraging the same next generation sensor technology. IDEX believes this addresses mobile customer demands for sensors to be seamlessly integrated on the front of phone in the cover glass.
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Henrik Knudtzon CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 225 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, polymer 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 one of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at firstname.lastname@example.org
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.