IDEX Biometrics ASA — Board/Management Information 2016

Aug 3, 2016

IDEX strengthens commercial team to support increased customer traction

IDEX strengthens commercial team to support increased customer traction

IDEX ASA (Oslo Børs: IDEX), a leader in fingerprint imaging and recognition

technology and IP, is expanding its team to meet the significant customer demand

for fingerprint sensors.  IDEX has successfully attracted highly talented sales

and marketing personnel from market leading companies with extensive mobile

customer networks and track records of driving significant revenue growth.

Yang Chiah Yee has joined the executive management team of IDEX as SVP of

Worldwide Sales. Mr Yee has extensive executive sales experience in the

semiconductor industry, including 8 years at Atmel, most recently as VP of

Worldwide sales, and more than two decades driving sales at semiconductor

companies to deliver profitable growth.

"I am excited to join IDEX, a leader in fingerprint biometrics, and delighted

with the opportunity to work with some of the brightest minds in the industry.

The recently strengthened commercial team has a lot of experience from the

semiconductor industry and has deep customer relationships with mobile OEMs. I

am confident we will be able to develop market opportunities immediately as IDEX

leading edge fingerprint biometrics solutions provides a strong basis for

customers to differentiate their products", said Mr. Yee.

In addition to Mr. Yee several senior commercial roles have been filled in IDEX

to drive the continued transition to a direct sales model. Key personnel

attracted to IDEX include a sales team in Korea, an Asia Pacific Sales Director,

and a Director of Product Management.

"I am pleased to welcome Mr Yee, and a strong team of experienced commercial

hires to IDEX. I am very excited that we continue to attract industry leaders

based on our technology differentiation, compelling products and unique IP to

step up penetration in our target mass markets of mobile, cards and IOT. We have

greatly expanded our opportunity pipeline following our transition to direct

sales, and this team will accelerate this further", said Dr. Hemant Mardia, CEO

of IDEX.

Web: www.idex.no

Twitter: http://www.twitter.com/idexasa

LinkedIn: http://www.linkedin.com/company/idex-asa

Contacts

Hemant Mardia, CEO, +44 7788 922 171, hm(at)idex.no

Henrik Knudtzon CFO, +47 9302 2827, hk(at)idex.no

About IDEX

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 47 granted and pending patent

families, which continues to grow through ongoing innovation.

The IDEX business model is based on designing innovative fingerprint sensor IP

and products, which IDEX sells and licenses global Original Equipment

Manufacturers (OEM) partners. These partners utilise IDEX IP in a range of

biometrically enabled products. The customersare either purchasing IDEX

fingerprint sensor units or paying a royalty on units they produce. 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 and has recently announced a number of important OEM partnerships and

end user design wins.

IDEX ASA (ticker IDEX) 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.idex.no or contact IDEX at hk(at)idex.no

-o-

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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