IDEX Q1: Major breakthrough n the mobile market
- Major breakthrough for IDEX in the mobile market:
IDEX agrees partnership with a global player in the mobile communications market
- IDEX strengthens executive team and appoints new CEO:
Hemant Mardia appointed as CEO. Ralph W. Bernstein continues as CTO
- New fingerprint sensor being prepared for high volume mobile and embedded markets:
The new SmartFinger Colibri sensor is under evaluation, and being prepared for market launch
- Private placement in April to fund expansion was oversubscribed:
Adding NOK 30 million new equity
- Recognition of IDEX’s unique IP and patents:
Apple/AuthenTec verifies licensing agreement with IDEX
- Promising progress on important customer agreements:
The project with Chinese technology company for a security device using IDEX’s SmartFinger sensor is progressing.
The European OEM partner is currently adding further functionality to luggage locks
IDEX announced on 12 March 2013 an agreement on terms with a partner serving the global mobile communications market. The global partner and IDEX entered into the commercial partnership agreement on 10 May 2013. This agreement is an important step for IDEX to exploit the extremely strong demand for fingerprint sensors in the mobile market. Technical collaboration activities are ongoing and this agreement is an essential milestone in delivering IDEX technology to the mobile market.
“We are very pleased that we have secured a comprehensive agreement with a strong global partner serving the mobile market,” said CEO Ralph W. Bernstein of IDEX.
The full report and financial statements are enclosed in the link/pdf file.
16 May 2013
Ralph W. Bernstein, CTO and acting CEO, +47 9305 9303, email@example.com
Inge Berge, Business development and investor relations, +47 9326 8836, firstname.lastname@example.org
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