IDEX receives initial production order from major Asian OEM
IDEX ASA today announced that it has received an initial production order for its Cardinal touch fingerprint sensor. The order is for the major Asian smartphone customer which IDEX announced design wins from on August 8, 2016. The customer is launching multiple programs with fingerprint sensors that IDEX has been qualified for, and the order is for one of these programs.
“We are pleased that we are shipping initial volumes of sensors to this major customer, said Dr Hemant Mardia, CEO of IDEX. “We have very positive momentum on mobile sales with our new direct sales team and several reference customers, and expect to secure further volumes going forward.”
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Henrik Knudtzon CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX has developed the world’s most advanced fingerprint imaging, recognition and authentication technology. IDEX’s innovative Intellectual Property (IP) is protected by a comprehensive portfolio of 45 granted and pending patent families, which continues to grow through ongoing innovation.
The IDEX business model is based on designing innovative fingerprint sensor IP and products. IDEX sells sensors or its IP to global original equipment manufacturers (OEMs) partners. These partners utilise IDEX IP in a range of biometrically enabled products. IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets:
· Mobile devices
· ID security and smart cards
· The Internet of Things
IDEX has an exciting and competitive product road map including fingerprint sensors with disruptive cost positions, and a unique in-glass solution. The Company is currently commercialising these products and has announced a number of important OEM partnerships, design wins, and is one of a few vendors with sensors integrated into a tier-one mobile handset.
IDEX ASA (ticker IDEX) is a Norwegian public company, founded in 1996, and its shares are listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at hk(at)idexbiometrics.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.