IDEX Touch Fingerprint Sensor Selected by Tier-One Mobile Phone OEM
Oslo, Norway, December 21, 2015: IDEX ASA today announces that its Cardinal touch fingerprint sensor product has been selected by a tier-one Smartphone manufacturer for use in a device to be distributed by a major wireless carrier. This landmark design win comes as a result of the IDEX sensor successfully completing an extensive evaluation and module customisation with the Mobile OEM.
“This design win with a tier-one OEM is a major milestone for IDEX, and for the product portfolio we have been developing over the last two years. This customer has chosen our Cardinal silicon-based touch sensor because of its very small form factor, and its excellent combination of price and performance,” said Dr. Hemant Mardia, CEO of IDEX. “This win really confirms the strength of our industry-leading technology and products, and acts as a strong reference point for other tier-one customers. We are in advanced discussions with a number of potential customers about our suite of low cost high performance silicon and polymer touch sensors. We fully expect this activity to lead to further design wins.”
IDEX has a wide portfolio of production-ready fingerprint sensor products suitable for integration in mobile device and smart-card applications, including both silicon and polymer technology based sensors. In addition, Idex is in the process of commercialising a unique in glass sensor. To ensure that IDEX’s products can be supplied and supported effectively in volume, we have established an end-to-end supply chain of experienced partners to enable high quality manufacturing as well as provide broad distribution across the mobile market.
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idexbiometrics.com
Henrik Knudtzon CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 225 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product 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 the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players in capacitive fingerprint sensing with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.