IDEX Q4 2012: Positioned for 2013 - 'the year of fingerprint biometrics'
IDEX Q4 2012: Positioned for 2013 - 'the year of fingerprint biometrics'
* New commercial agreements
* Production ramp-up
* Successful private placement
* Sensor-in-glass technology concept presented in February 2013
In the fourth quarter of 2012 IDEX entered into two important agreements,
secured a successful private placement, and is well positioned for the fast
growing commercial opportunities foreseen in 2013. The company expects to
dispatch updated SmartFinger(®) products to customers in the scond half of 2013.
"We have positioned IDEX for what we expect will be 'the year of fingerprint
biometrics'. Our discussions with industry-leading companies indicate that
multiple mass market products with fingerprint biometrics will be launched in
2013. With IDEX's core IP, unique technology and novel sensor products, we are
in a good position for a market break-through this year," said Ralph W.
Bernstein, chief executive officer of IDEX.
The full report and financial statements are enclosed in the link/pdf file.
27 February 2013
IDEX ASA
www.idex.no
Press contacts
Ralph W. Bernstein, CEO, +47 9305 9303, ralph.bernstein@idex.no
Inge Berge VP Business Development and IR +47 9326 8836, inge.berge@idex.no
About IDEX
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 mailbox@idex.no
-o-
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1681377]