IDEX Q1: Extensive work with partners resulted in two orders
- Commercial order from S.I.C. Biometrics
- Order from Embedx
- Public funding for international project on biometric contactless payment card
- Several new product prototypes demonstrated at CARTES North America
- Regulator’s policy change opens Norwegian market
- Exploring strategic opportunities. Good traction in ongoing partner evaluation project.
- Funding secured through private placement of shares
After extensive work with a growing number of partners, IDEX received two orders in April. “We have passed an important milestone in our company’s history. In 2012 there will be launched products with IDEX fingerprint technology inside,” said Ralph W. Bernstein, CEO of IDEX.
“Two of our partners have now selected SmartFinger Film for their biometric devices, and we expect to see their products with ‘IDEX inside’ on the market in 2012,” Bernstein added. “These orders open new markets for us”, he continued. “It is particularly encouraging that the target applications are mobile security and access control, which represent major markets for IDEX SmartFinger Film – the ultra-thin and bendable fingerprint sensor”.
The full report and financial statements are enclosed in the link/pdf file.
15 May 2012
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.