IDEX obtains significant strategic investment from world-class electronics manufacturer World Wide Touch Technology
(Press release)
Oslo, Norway, 2 September 2013: In a notice to the market earlier today, IDEX
ASA disclosed that world-class electronics manufacturer World Wide Touch
Technology (Holdings) Limited ("WWTT") invests NOK 30.6 million in IDEX, by
acquiring 7,365,060 new shares or 2.2 per cent of the expanded share capital.
"World Wide Touch Technology is the first strategic industrial player to make an
investment in IDEX, and we are proud to welcome World Wide on our list of
shareholders," said Morten Opstad, chairman of IDEX.
WWTT is a Hong Kong listed company, operating chiefly in Hong Kong and the
People's Republic of China and has approximately 2,400 employees. The company
develops and manufactures a broad range of automation and high-tech products,
modules and components, and operates a Biometric Security Platform (division).
Kelvin Wong, CEO of WWTT, said, "In anticipation of the explosive growth in
biometrics in the coming years, and to support our FingerQ product roadmap, our
investment in IDEX will help us realize our goals. IDEX's advanced fingerprint
imaging and recognition technology allows us increased flexibility in product
design and development."
Hemant Mardia, CEO of IDEX said, "The investment by World Wide Touch Technology
represents an important source of funding for IDEX in order to capitialise on
the rapidly developing biometric mass market. We are very pleased to announce a
new strategic relationship with one of the early adopters of consumer
fingerprint biometrics. WWTT's recognition of IDEX's advanced fingerprint
sensing technology, together with WWTT's established market presence and FingerQ
product roadmap, is a further important milestone achievement for IDEX."
www.idex.no
Contacts
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idex.no
Kristian Wiermyhr, VP strategy and sales, +47 41273360, kw(at)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
About World Wide Touch Technology
World Wide Touch Technology (Holdings) Limited was incorporated in 2009. The
Group are principally engaged in a range of high technology products in the area
of automation, touch, security, energy and communication.
The product range of the Group includes automation related equipment and
services, capacitive touch pads, capacitive touch screen controllers and
modules, fingerprint biometric devices, wireless charging devices, plasma
lighting source products, high-speed communication- and automotive-related
products.
With a vision to become a provider of "life technologies" to facilitate and
improve the daily lives of the users, the Group strives to employ cutting-edge
technologies in its products and implement strategic development plans in an
effort to enlarge its market share and promoted the diversification of its
product mix.
The Company has been listed on The Stock Exchange of Hong Kong Limited since 15
December 2010.
Web site: http://www.wwtt.hk
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This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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