IDEX's acquisition of PicoField assets - supplemental disclosure

IDEX ASA disclosed on 23 September 2013 an acquisition of assets and
intellectual property rights from PicoField Technologies, Inc. The final
agreement was entered into on 24 September 2013.

IDEX is a leading fingerprint biometrics company with the vision to ensure
individuals a safe, secure, and user-friendly use of personal ID. IDEX offers
the  SmartFinger(®) technology platform based on the company's core intellectual
property rights, including a unique cross-licence with Apple. SmartFinger
includes patent-protected fingerprint imaging principle, sensing scheme and chip
design. The current product is a swipe fingerprint sensor, which has superior
biometric performance. This sensor is expected to be available in samples for
manufacturers by the end of the year and in smartphones by mid-2014.

During 2013, there has been increasing interest in and demand for low-cost touch
sensors for mobile handsets. Both Microsoft and PayPal have also made statements
to emphasize this market demand.

IDEX recently commenced a programme for commercialising its low-cost touch
sensor with high biometric performance tailored for consumer devices, building
on its current intellectual property and know-how. PicoField possessed a patent
and pending applications as well as other intellectual property relating to
touch sensors. By acquiring the intellectual property from PicoField and
employing three industry respected executives from PicoField, IDEX will strongly
enhance its ongoing touch sensor programme. The addition of PicoField's
intellectual property rights, which are complimentary to IDEX's current
intellectual property rights, also expands the field of IDEX's patent protection
which is of critical importance to OEM customers.

IDEX plans to launch a touch sensor with a highly competitive, step-change
price/performance ratio aimed at the mass markets. By addition of the staff from
PicoField, the IDEX team will rapidly expand resources and, more importantly,
increase the amount of domain experience gained from productization, ramp-up and
volume production.

Furthermore, the new employees, of which two were co-founders of Validity
Sensors, Inc., each have more than a decade of experience in the fingerprint
industry, add a vast network of customer contacts and also supply-chain players.
This will increase IDEX's presence in the important US market and technology
clusters. It also supplements IDEX's current supply-chain capabilities and
product delivery capacity.

The transaction
IDEX has acquired certain intellectual property assets and rights from
PicoField. The transfer of title has been effectuated and only registrations are
pending.

PicoField has agreed to release the three employees that will be employed by
IDEX. The employment will commence in October 2013.

The purchase price
The consideration amounts to about USD 4.5 million in cash, of which 3/4 has
been paid. The remaining amount will be paid in stages, subject to achievement
of certain milestone deliveries. The payments will be funded from IDEX's current
cash position. IDEX will also make defined payments based on product shipments
that include specified PicoField intellectual property.

The acquired assets
PicoField is a US company engaged in touch fingerprint sensor design and
development tailored for consumer devices. The company is privately held. IDEX
has acquired assets and intellectual property rights from PicoField, but not the
company as such or its business. Specific elements of the acquired technology
are licensed to a third party. The licence is non-exclusive.

Other agreements in connection with the transaction
PicoField's founders, Fred Benkley, Thar Casey and David Geoffery, will be
employed by IDEX's US subsidiary, IDEX America Inc. The employment agreements
are on market terms and include grant of a combined total of 1,500,000 incentive
subscription rights.

27 September 2013
IDEX ASA


Web: www.idex.no
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa

Contact: Erling Svela, CFO,  +47 4062 1040,  erling.svela(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
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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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