IDEX Biometrics ASA — Earnings Release 2015

Nov 11, 2015

IDEX ASA interim report for the third quarter of 2015

IDEX ASA interim report for the third quarter of 2015

Third quarter highlights - Continuing strong progress:

* The Eagle off-chip sensor is now in volume production for World Wide Touch

Technology, which validates both IDEX's technology and our supply chain

capabilities

* Activity across IDEX's sensor portfolio continues with major mobile OEMs

with progress beyond validation to deep integration and compatibility

testing at lead prospective customers. In parallel sales efforts with a

wider customer base are being ramped-up with partners - demonstrating the

high credibility of IDEX's offerings and the advantage of a channel partner

structure

* Customer roadshow conducted with IDEX's world-leading Fortune 500 glass

technology partner resulted in a very positive reaction to new in-glass

sensor technology from top-tier mobile OEM customers

* Solid progress on development of card programme with top-tier global

payments partner

* Entered into collaborative partnership with California-based on-line

security leader Nok Nok Labs, a key supplier to Samsung and Paypal, which

will strengthen and deepen end-to-end solution capabilities

Outlook - Design wins expected:

* Expects that recently increased sampling and integration activity will lead

to design wins in the near future, leading to orders for commercial volumes

* Anticipates sampling of in-glass sensors in early 2016 and volume ramp-up

commencing in the second half of 2016 given the excellent progress made in

product development with IDEX's Fortune 500 partner

* Similar progress in our global payments partnership expected to result in

biometric card trials in the next few months, leading to initial commercial

shipments in late 2016

* Tangible progress on products demonstrates that IDEX is in a very strong

position to secure a significant share of multi-billion dollar market

opportunity for fingerprint sensors in both the mobile device and payment

card markets

The full report is attached in pdf file/link at the very end of this notice.

IDEX's strategy continues to be focused on exploiting its unique flexible, off-

chip based sensor technology across three mass markets: mobile devices, ID and

smart cards and the Internet of Things. In the near term, the goal is to drive

sales of the new generation Eagle polymer touch sensor and semiconductor

solution. Heightened levels of evaluation and integration testing activity in

recent months is encouraging and is increasing the likelihood of securing mobile

device design wins in the near future.

IDEX considers in-glass fingerprint sensing the ultimate solution for the mobile

market, as it enables both superior biometric performance and excellent

industrial design flexibility on the front of the device. The excellent progress

achieved on IDEX's joint in-glass sensor programme with a major Fortune 500

partner is accelerating development timescales and providing proven world-class

high volume manufacturing, capable of serving an industry-wide distribution

network. IDEX fully expects that this momentum and the recent roadshow activity

will lead to trials of IDEX's in-glass sensors in early 2016 and a volume ramp-

up commencing in the second half of 2016.

Mass adoption of fingerprint sensors has begun to proliferate the mobile market

as a result IDEX is now seeing increased interest in its technology for the

secure identification and payment card markets. IDEX is developing solutions for

this segment within the strategic partnership announced in June with a major

global payments company. This development programme is progressing very well and

the company expects to deliver trials in the first half of next year and initial

volumes in late 2016.

Adoption of fingerprint sensors is clearly expanding rapidly across mobile and

other application areas, and it is now readily acknowledged that there will be

significant growth and demand for the technology to support increasing demands

for secure identity management in the virtual world.  IDEX believes that its

portfolio of high performance, cost-effective products, supported by a deeply

competent organisation, first-tier partners, and a solid financial position,

will allow the company to capture a significant share of the fast growing,

multi-billion dollar market opportunity for fingerprint sensors.

11 November 2015

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

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

About IDEX

IDEX ASA specialises in fingerprint imaging and recognition technology. The

company has a strong patent portfolio consisting of 25 patent families including

more than 225 granted patents, as well as cross licenses with Apple. IDEX has a

highly competitive product 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 the products.

IDEX's addressable market represents a multi-billion unit opportunity, centred

on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX

has seen a substantial increase in interest from global OEMs in the last

quarters, and is positioned as of three independent players with the relevant IP

to capture market share.

IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Børs

(Oslo stock exchange). For more information, please visit www.idex.no or contact

IDEX at mailbox@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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