Strategic partnerships
- IDEX-partner Card Tech announced that it is ready to mass-produce Card Tech Smart Card
IDEX sensor key component of industry first ISO standard biometric card - Memorandum of understanding with Amkor Technology formalised strategic mass-volume manufacturing partnership
Leverages Amkor's world-class high-precision manufacturing capabilities and strong customer base - Partnership with Flextronics to provide IDEX's fingerprint sensors as part of Open Innovation Platform
IDEX first fingerprint sensor provider to be added to the Open Innovation Platform offering - Partnership with Trustonic, the leading provider of Trusted Execution Environments (TEEs) for smart devices
Will integrate IDEX's sensors and software with Trustonic TEE, delivering secure on-device biometric authentication - IDEX and World Wide Touch Technology (Holdings) Limited agreed to convert order for swipe sensors to touch sensors
Reflecting strong positive market adoption of touch sensors
Business developments
- Acquired superior software algorithm and key patents for small area fingerprint touch sensors
Enables IDEX to deliver significantly enhanced security and user convenience for mass-market sensor solutions - Strong presence at the Consumer Electronics Show (CES) in Las Vegas
Showcased range of fingerprint sensors and demonstrators, while WWTT launched FingerQ biometric security system
Outlook and key upcoming milestones
- IDEX one of very few suppliers with relevant IP portfolio for capacitive fingerprint sensors applications in mobile, card and internet of things applications
- Continuously strengthening patent and IP position with significant R&D investment
- Resource expansion and hiring key staff to accelerate business execution
- Continuing to develop partnerships providing established high-volume manufacturing and market channels to exploit the identified market opportunities
- On track for developing new off-chip fingerprint touch sensors based on flexible circuit technology to meet demand for lower cost and improved biometric performance
- Expecting to sample off-chip sensors in first half of 2015, with deployment in mass production in second half
- Expecting to sample latest sensor in glass technology in 2015
- Expects to capture noticeable share of the multi-billion dollar market for fingerprint sensors
IDEX's strategy is to leverage its core technology across three mass markets; mobile devices, ID & smart cards and devices being part of the Internet of Things.
IDEX will continue to strengthen the team with high-calibre individuals in order to support global commercialisation and expected rapid growth.
IDEX is solidly funded to exploit the multibillion-dollar market opportunity in the near future, leveraging our differentiated road map underpinned by a strong patent position that is now building customer traction.
The full report with interim financial statements are enclosed in pdf file or use the link at the very end of this notice.
24 February 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 more than 20 patent families including more than 200 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 Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idex.no or contact IDEX at mailbox@idex.no
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