IDEX Secures Design Wins with a Major Asian Mobile Customer
IDEX ASA today announced that a major Asian smartphone customer has selected IDEX’s Cardinal touch fingerprint sensor for mobile handset integration. The customer is launching multiple programs with fingerprint sensors, and IDEX sensors have been qualified for several of these.
“I am very pleased to secure additional design wins with a major mobile customer. We expect the first mobile smartphone launch with our sensor for this major Asian customer in Q4 of this year. This continued momentum is further validation by mobile customers of the attractive value proposition of IDEX’s fingerprint sensors” says Dr. Hemant Mardia, CEO of IDEX. “The Cardinal product family is highly suitable for OEMs demanding compact and cost efficient sensors, and we are confident IDEX will secure additional design wins in the coming quarters”, he continued.
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, which IDEX sells and licenses global Original Equipment Manufacturers (OEM) partners. These partners utilise IDEX IP in a range of biometrically enabled products. The customersare either purchasing IDEX fingerprint sensor units or paying a royalty on units they produce. 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 ready road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The Company is currently in the process of commercialising these products and has recently announced a number of important OEM partnerships and end user design wins.
IDEX ASA (ticker IDEX) is a Norwegian public company, founded in 1995, 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.