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IDEX Biometrics ASA — Earnings Release 2014
Jan 23, 2014
3633_iss_2014-01-23_a39194b9-1529-4cd5-a7ff-1363aed04ed3.html
Earnings Release
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IDEX secures 300,000 units volume order for the Colibri swipe sensors from world-class electronics manufacturer World Wide Touch Technology
IDEX secures 300,000 units volume order for the Colibri swipe sensors from world-class electronics manufacturer World Wide Touch Technology
IDEX has secured an order of 300,000 units for the Colibri swipe sensor from
World Wide Touch Technology (Holdings) Limited (WWTT). The sensors are expected
to be delivered after the first quarter of 2014. This volume order is IDEX's
first commercial launch for the Colibri swipe and touch sensor embedded in
consumer electronics devices for mobile and laptop accessories.
Kelvin Wong, CEO of WWTT, said "We are excited to be placing our first order of
IDEX's cutting-edge fingerprint sensing technology to be used in our FingerQ
product line. We believe IDEX's unique product roadmap will help us to continue
delivering innovative biometric products to the mass consumer market."
"This order by WWTT represents an important milestone in IDEX commercialization
phase," said CEO Hemant Mardia of IDEX, and added "We are very pleased to be
working even more closely with one of the early adopters of consumer fingerprint
biometrics. WWTT is already shipping and launching several biometric products
within the consumer electronics space and is rapidly expanding their FingerQ
biometric authentication platform, providing consumers cloud-based security and
convenience. This is a significant opportunity for large-scale deployment of
IDEX fingerprint sensors."
23 January 2014
IDEX ASA
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
Kristian Wiermyhr, VP strategy and sales, +47 4127 3360, kw(at)idex.no
About IDEX ASA
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.idex.no or contact IDEX at [email protected]
About World Wide Touch Technology (Holdings) Limited
World Wide Touch Technology (Holdings) Limited ("WWTT") was incorporated in
2009. WWTT and it subsidiaries (collectively the "Group") are principally
engaged in the trading of and provision of services to automation related
equipment, and manufacturing of a range of high-technology products in the area
of touch, security, energy and communication.
Since July 2013, the Group has expanded its biometric service offerings and
launched the world's first biometric fingerprint privacy protection platform and
devices - FingerQ and PrivacQ to strengthen the Group's leading provider in
patented biometric security solutions.
With a vision to become a provider of "life technologies" to facilitate and
improve the daily lives of the users, the Group strives to employ cutting-edge
technologies in its products and implement strategic development plans in an
effort to enlarge its market share and promoted the diversification of its
product mix.
WWTT has been listed on The Stock Exchange of Hong Kong Limited since 15
December 2010.
Web site: http://www.wwtt.hk
--o--
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1756552]