Share capital increase in IDEX registered
Reference is made to the notice on 29 February 2016 about issue of 912,500 shares to employees who have exercised incentive subscription rights.
The share capital increase has been registered and the company’s share capital is NOK 79,788,287.40 divided into 531,921,916 registered shares each with a nominal value of NOK 0.15.
8 March 2016
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX has developed the world’s most advanced fingerprint imaging, recognition and authentication technology. IDEX’s innovative Intellectual Property (IP) is protected by a comprehensive portfolio of more than 225 patents, and IDEX continues to enhance the portfolio with its commitment to ongoing world class research and innovation.
The IDEX business model involves the design of fingerprint sensor IP and products. IDEX sells fingerprint sensor products, and licences its technology to global Original Equipment Manufacturers (OEM) partners. These partners utilise IDEX IP in a range of innovative biometrically enabled products and pay IDEX either a royalty on every product item produced, or purchase the fingerprint sensor units.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets:
* Mobile Devices
* ID security and Smart Cards
* The Internet of Things
IDEX has an exciting and competitive product ready 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 these products.
In February 2016, IDEX announced that it had received its first production order for its Cardinal touch fingerprint sensor optimized for tier-one mobile handsets, IDEX will begin to ship units in the second quarter 2016.
IDEX also recently announced it had developed the world’s first flexible polymer touch sensor suitable for ISO-card integration.
IDEX ASA (IDEX:NO) is a Norwegian public company, founded in 1995, and its shares are Listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com