Michael Barrett, president of the FIDO alliance and formerly PayPal executive joins IDEX Strategy Advisory Council


Press release

Michael Barrett, president of the FIDO alliance and formerly PayPal executive joins IDEX Strategy Advisory Council

Oslo, Norway, 1 July 2014: IDEX ASA has appointed Michael Barrett, president of the FIDO Alliance, and formerly Chief Information Security Officer at PayPal, to the company’s Strategy Advisory Council. FIDO is an industry consortium dedicated to improving online authentication by developing and promoting technical specifications that define an open, scalable, interoperable set of mechanisms that reduce the reliance on passwords to authenticate users.

“Fingerprint authentication is the biometric ID of choice for many applications,” said Michael Barrett. He added, “IDEX has presented a technology roadmap that may transform the market for fingerprint sensors as part of the online payment ecosystem, and I look forward to be part of a very exciting process in terms of technology and mass volume implementation.”

Mr. Barrett was until 2013 the Chief Information Security Officer of PayPal, a major Internet payment services company for online vendors. He has also held senior positions at several other major corporations, including Vice President of Security and Privacy at American Express.

Previously Mr. Barrett also headed the Liberty Alliance, an open-standards consortium focused on identity management standards and guidelines. He has received numerous industry recognitions and was named ‘Information Security Executive of the year’ by Tech Exec Networks in 2010.

Dr. Hemant Mardia, CEO of IDEX stated, “We are thrilled to have Michael as a key adviser to IDEX. He is widely recognized as a driving force and leading voice on, mobile payment, information security and open standards. We are certain to benefit from his guidance in our strategic product and business development to support the rapidly growing demand for fingerprint based secure authentication and convenient mobile payment solutions.”

Larry Ciaccia, head of IDEX’s Strategy Advisory Council added, “Fingerprint based authentication is rapidly evolving into a standard feature on high volume mobile devices. As the feature penetrates a broader payment and authentication ecosystem, the knowledge and experience that Michael brings will be invaluable to IDEX. I look forward to working with Michael to help evolve the compelling roadmap of IDEX into an integral part of industry adopted solutions such as FIDO.”

The Strategy Advisory Council advises IDEX on market, technology and strategic trends in the rapidly developing mass market for fingerprint sensors. Larry Ciaccia, formerly CEO of AuthenTec, the leading fingerprint sensor vendor for volume markets, heads the council. The other members of the council are Dr. Hemant Mardia, Fred Benkley and Dr. Ralph W. Bernstein.

Web: www.idexbiometrics.com
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa

Press contact
Hemant Mardia, CEO,  +44 7788 922 171,  hm(at)idexbiometrics.com

About IDEX
IDEX ASA specialises in fingerprint imaging and recognition technology. IDEX’s vision is to ensure individuals a safe, secure, and user-friendly use of personal ID. IDEX has developed the award-winning SmartFinger technology platform based on the company’s core intellectual property, including the patented fingerprint imaging principle, sensing scheme and chip design. Combined with core software solutions for imaging and authentication, the SmartFinger technology enables on-device enrollment, template storage and verification within the very same module. SmartFinger solutions can be seamlessly integrated into a variety of embedded applications such as mobile phones, one-time password devices, Smartcards, payment and ID cards, payment terminals, access control devices and biometric security and login tokens.

IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at mailbox@idexbiometrics.com


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