IDEX third quarter 2012: Commercial agreement and successful private placement

· Commercial agreement with European OEM

· Successful private placement

· Top tier industrial partner opportunities

· Enhanced supply-chain and new manufacturing prospects in process

· Customer commissioned feasibility study delivered

 

IDEX has gained significant traction in the market place and experienced extensive interest in the company’s unique finger-print sensors in the third quarter of 2012. After Apple submitted a bid for a fingerprint biometrics and mobile security firm, the market interest for fingerprint sensors has risen drastically. In the third quarter IDEX has received enquiries from several top-tier industrial players, who have expressed great interest in IDEX patented SmartFinger® technology.

 

“We continue our focus on major industrial partners in order to bring IDEX’ patented SmartFinger technology into solutions for mobile payment, cloud-security, corporate access and internet-of-things. It is clear that most of the big players in our industry are positioning themselves for increased use of fingerprint solutions”, said Ralph W. Bernstein, CEO of IDEX. Bernstein added that “IDEX continues its evaluation of strategic partnerships with top tier industrial partners. We foresee immense opportunities in the mobile market, the card market and in the market for embedded solutions. Industrial partnerships are our strategy to enter these markets”. 

 

The full report and financial statements are enclosed in pdf file.

 

13 November 2012 

IDEX ASA

 

Press contacts: 

Dr. Ralph W. Bernstein, CEO, +47 930 59 303, ralph.bernstein(at)idexbiometrics.com

Inge Berge, IR, +47 932 68 836, inge.berge(at)idexbiometrics.com