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IDEX Biometrics ASA — Earnings Release 2015
Oct 20, 2015
3633_iss_2015-10-20_1445c91f-0091-44cc-87a1-a1e4f837aa4f.html
Earnings Release
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Idex Progress on the Mobile Market
Idex Progress on the Mobile Market
Oslo, Norway, October 20, 2015: IDEX ASA, a leader in fingerprint imaging and
recognition technology and IP, has been in active trials of our next generation
fingerprint touch sensors with several leading mobile OEMs. As a result of
positive evaluation of samples, and validation of superior imaging quality,
trials have successfully progressed to the next phase. Customer specific modules
have been manufactured and the potential customers have enabled on site
integration to commence with their application software. We expect these
activities to lead to mobile device design wins.
IDEX has enabled our fingerprint sensor software to operate with third party
enrollment and matching software, to increase customer options and maximizing go
to market solutions for our new sensors. IDEX already deploys several algorithm
solutions to cover multiple applications. This strategy enables a wider product
portfolio and supports increased customer sales activity with our channel
partners.
IDEX's next generation fingerprint sensor polymer technology has a compelling
price/performance and customizable form factor benefits. IDEX announced the
first production order for our new touch sensor on September 21, and this sensor
is now in production through our high volume supply chain.
IDEX has also made excellent progress with demonstrating our unique inside glass
sensor technology with our undisclosed partner. The inside glass solution
provides a compelling sleek and durable design with no loss of imaging quality,
leveraging the same next generation sensor technology. IDEX believes this
addresses mobile customer demands for sensors to be seamlessly integrated on the
front of phone in the cover glass.
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, polymer 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 one of three independent players with the
relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed on the Oslo Børs
(Oslo stock exchange). For more information, please visit www.idex.no or contact
IDEX at [email protected]
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1959944]