IDEX shipping polymer fingerprint sensors for multiple IOT wins

IDEX ASA, the developer of advanced fingerprint solutions for mass markets, announce that the company is shipping polymer ‘Eagle’ fingerprint sensors to three different Internet of Things (IoT) customers. IDEX has received repeat orders from all three customers for sensors to be integrated into different application areas. This includes BioKey’s USB dongle, the SideTouch®, as well as a door lock and an encrypted storage solution from two other Asian customers.

“I am pleased about our traction in the developing IoT segment, which is a strong validation of the Eagle off-chip sensor. The off-chip sensor offers a strong fit for IoT applications with its compelling cost position for a larger sized sensor,” says Dr. Hemant Mardia, CEO of IDEX. “The IoT orders are also confirming that our shift to a direct sales model is starting to convert into sales, and we expect the business from these three customers to continue at a steady pace throughout 2017”, he continues.

The IoT market potential is huge, but also fragmented. IDEX is focusing on selected vertical opportunities, where its off-chip fingerprint sensor offer a strong value proposition. The off-chip sensor offers the unique combination of excellent biometric performance from a medium sized sensor and a very compelling cost point. The off-chip technology also enables greater flexibility in terms of sensor material and form factors than other competing sensors.

Contact:
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com

About IDEX
IDEX develops advanced fingerprint sensor technology and products. The technology is used in a range of biometrically enabled applications within three core markets: mobile devices, ID security and smart cards and the internet of things (IOT). IDEX addressable market represents a fast growing multi-billion unit opportunity.

IDEX’ technology includes both silicon and polymer based capacitive sensors, which means that the company can offer its partners unique solutions which are flexible and cost efficient.

IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.

 
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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