IDEX Q1: Major breakthrough n the mobile market
* Major breakthrough for IDEX in the mobile market:
IDEX agrees partnership with a global player in the mobile communications
market
* IDEX strengthens executive team and appoints new CEO:
Hemant Mardia appointed as CEO. Ralph W. Bernstein continues as CTO
* New fingerprint sensor being prepared for high volume mobile and embedded
markets:
The new SmartFinger Colibri sensor is under evaluation, and being prepared
for market launch
* Private placement in April to fund expansion was oversubscribed:
Adding NOK 30 million new equity
* Recognition of IDEX's unique IP and patents:
Apple/AuthenTec verifies licensing agreement with IDEX
* Promising progress on important customer agreements:
The project with Chinese technology company for a security device using
IDEX's SmartFinger sensor is progressing.
The European OEM partner is currently adding further functionality to
luggage locks
IDEX announced on 12 March 2013 an agreement on terms with a partner serving the
global mobile communications market. The global partner and IDEX entered into
the commercial partnership agreement on 10 May 2013. This agreement is an
important step for IDEX to exploit the extremely strong demand for fingerprint
sensors in the mobile market. Technical collaboration activities are ongoing and
this agreement is an essential milestone in delivering IDEX technology to the
mobile market.
"We are very pleased that we have secured a comprehensive agreement with a
strong global partner serving the mobile market," said CEO Ralph W. Bernstein of
IDEX.
The full report and financial statements are enclosed in the link/pdf file.
16 May 2013
IDEX ASA
www.idex.no
Contacts:
Ralph W. Bernstein, CTO and acting CEO, +47 9305 9303, ralph.bernstein@idex.no
Inge Berge, Business development and investor relations, +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
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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