IDEX ASA, a leading fingerprint biometrics company, has entered into an
agreement to acquire the assets and intellectual property rights from PicoField
Technologies, Inc. PicoField is a US company engaged in touch fingerprint sensor
design and development tailored for consumer devices. At the same time
PicoField's founders will be employed by IDEX's US subsidiary, IDEX America Inc.

"This acquisition consolidates IDEX's presence in the biometric market, and adds
strong patents and additional intellectual property enhancing our portfolio in
the field of low cost touch fingerprint sensors for mass market applications,"
said Dr. Hemant Mardia, CEO of IDEX. "PicoField holds significant patents and
technology which are expected to accelerate IDEX's programme for industry
disruptive touch sensors for the mobile communication market, in addition to our
award-winning swipe sensor technology," he continued.

"I am extremely pleased and privileged to welcome Picofield's executive team on
board at IDEX," Mr. Mardia added. "We are establishing a strong presence in the
US market and are delighted to welcome Thar Casey, currently PicoField's CEO, as
President of our IDEX America business. With Fred Benkley as CTO and David
Geoffroy, Director of Engineering, we bring some of the world's most experienced
fingerprint sensor technology experts to IDEX America." Fred Benkley and David
Geoffroy were also co-founders of the US fingerprint sensor company Validity
Sensors, Inc., where they held senior technical positions.

There is a strongly increasing demand for fingerprint biometrics in the consumer
market, and especially for low-cost touch sensors for mobile handsets. This has
lately been highlighted through Apple's successful introduction of its Touch ID
technology in its new iPhone 5S. IDEX holds several unique intellectual property
and technology blocks relevant for touch sensors, including a unique cross-
licence with Apple relating to fingerprint sensors.

IDEX is now consolidating its position to fulfill the company's business
ambitions for the biometric mobile communication market. By the purchase of
PicoField's assets and intellectual property rights, IDEX's technology base is
substantially expanded and strengthened, and the company anticipates that a
highly competitive and disruptive touch sensor product will be established by
joining features and technologies from the IDEX and PicoField portfolios.

"We at PicoField are very excited to join forces with IDEX, a company with a
long-term vision. I believe that our partnership will be ground-breaking in
producing superior solutions to what exists in the market today," said Thar
Casey, CEO of PicoField.

"We are excited to merge our touch sensor patent portfolio with IDEX's broad
intellectual property base and its long history of firsts in the industry. I
believe that the combined intellectual property and extensive joint domain
experience will allow us together to create a next generation of highly
integrated fingerprint sensors," added Fred Benkley, CTO of PicoField.

23 September 2013
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
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 PicoField
PicoField Technologies, Inc. was founded with a vision to create the next
generation of fingerprint sensors for mobile applications. PicoField's founding
team has been working in the biometrics industry for over a decade and have
created several industry firsts. Two of PicoField's founders were also co-
founders of the US fingerprint sensor company Validity Sensors, Inc., where they
held senior technical positions.

PicoField has been developing a biometric authentication solution for the mobile
commerce ecosystem that secures transactions by transparently identifying the
user. The fingerprint sensor is tailored for mobile devices that will provide
automatic individual user recognition each time the home button is touched. The
technology is uniquely effective and easy to use.

www.picofield.com info@picofield.com

--o--

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

[HUG#1730668]

IDEX acquires technology and staff from PicoField