IDEX towards manufacturing and commercial phase
Key events in the second quarter:
Deliveries to Validus has started and the order will be fulfilled shortly
Cooperation and product qualification agreements with Shen Zhen Huajing Technology, S.I.C. Biometrics and UINT
Government research and development grant of funding secures eGo project activities
IDEX hosted a successful project meeting of the eGO project
Advertised four new positions for additional staff
Successful private placement of shares in April raising NOK 32.6 million new capital
Warrants exercised, adding NOK 11.6 million new capital in the third quarter
The foundation laid – ready for the next level
During the first half of 2011 IDEX added five new partner companies. The deliveries of the award-winning SmartFinger® Film fingerprint sensor to Validus Technologies have started and will be fulfilled shortly. “We are now entering a new and exciting phase for IDEX as a company, and we are currently expanding our staff in order to take advantage of the commercial opportunities presented to us,” said Ralph W. Bernstein, CEO of IDEX.
“There is hard work ahead, but I am confident that we possess the technology and the financial and human resources required to take IDEX to the next level,” Bernstein added.
The full interim report and financial statements for the first half of 2011 is enclosed in pdf file.
23 August 2011
Dr. Ralph W. Bernstein, CEO, +47 930 59 303, ralph.bernstein(at)idex.
IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology. IDEX’ vision is to ensure individuals a safe, secure and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger Film technology platform including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, SmartFinger Film enables on-device enrollment, template storage and verification within the very same module. The SmartFinger Film sensor is thin and bendable and can be customized for a variety of applications such as one-time password devices, smartcards, ID cards, access control devices and biometric tokens. The SmartFinger technology is available to customers under an intellectual property (IP) licensing scheme or as SmartFinger Film sensor assemblies for integration into customers’ products. IDEX ASA (ticker IDEX) is listed at the Oslo Axess market place 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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.