IDEX strengthens go to market organisation in preparation for mass commercialisation

Oslo, Norway – 8 May 2018 – IDEX ASA, the leading provider of advanced fingerprint identification and authentication solutions is strengthening its sales and marketing organisation in preparation for mass commercialisation of the company’s fingerprint solutions for biometric cards. The company has attracted several experts from the cards and payment industry and significantly upgraded its efforts on marketing communications.

The company recently appointed David Orme as SVP Global Sales and Marketing. Mr Orme has a strong track record in supporting key sales, marketing and business development activity, in particular from Bell ID, where he was the CEO for 9 years and drove the business to substantial growth until acquisition by Rambus Inc., a top tier semiconductor company, in 2016. Most recently, Mr Orme has helped transition the Bell ID business to being part of Rambus Security Division. He has also been the COO of Quadnetics Group plc and Bell Group plc, both major electronic security companies. Mr Orme will join IDEX’s executive management team from early June.
 
IDEX has recently made several new hires in Asia as part of the transformation to a card centric organisation. The hires have extensive experience from the smart card- and fingerprint industry, including companies such as Gemalto, Oberthur, Synaptics, NEXT Biometrics and Authentec. In addition, IDEX has engaged a Global Head of Marketing Communications and a PR agency.

“I am very excited about our strong team of commercial hires and our ability to attract industry experts based on our leadership position in the biometric cards market. I am really looking forward to getting David on board with his solid experience and relationships in the payments and security ecosystem. He and his team are key to our success going forward,” says Stan Swearingen, CEO of IDEX.

Contact:
Charlotte Knudsen, Director of IR and Communications,
+47 9756 1959, ck@idexbiometrics.com

Henrik Knudtzon, CFO,
+47 9302 2827, henrik.knudtzon@idexbiometrics.com

About IDEX ASA:
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company’s technology is based on a fundamentally unique architecture that delivers form factor flexibility and superior cost-performance characteristics. IDEX’s total addressable market represents a fast-growing multi-billion unit opportunity.

IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.

For more information, please visit www.idexbiometrics.com and follow us on Twitter @IDEXASA
 
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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