Safran Identity & Security and IDEX partner to commercialize first mass deployable biometric smart cards

Paris / Oslo, 9 November 2016

Safran Identity & Security and IDEX ASA (Oslo Børs: IDEX), announce significant
progress toward commercializing the world's first ISO standard form factor smart
cards with a touch fingerprint sensor.  A pilot card series has successfully
passed testing. This joint solution supports the strategic biometric program of
a major payment program.

Payment cards with a fingerprint sensor will make it possible to replace the
entry of a PIN by simply placing a fingertip onto the card, adding convenience
and security. Safran Identity & Security and IDEX have partnered to design an
innovative touch fingerprint sensor and develop a scalable process for
integration and volume production of ISO ID-1 form factor cards.

Safran provides the biometric card software, security expertise, and
manufacturing capabilities. IDEX supplies the customized fingerprint sensor. The
result of this collaboration is a significant breakthrough for the smart card
industry in the form of a polymer touch sensor integrated into a standard
thickness card that can be replicated efficiently in existing card production
facilities. Moreover, the cards work with all existing standard POS (point of
sales) terminals, foregoing the need of merchants to upgrade their systems.

"This partnership combines our patented off-chip flexible polymer touch
technology with Safran's world-leading biometric capabilities and its card
manufacturing expertise to make biometric cards a commercial reality," said Dr.
Hemant Mardia, CEO of IDEX. "Our integrated solution has successfully passed
comprehensive functional and reliability testing on a series of pilot production
cards. We are now undergoing qualification of the solution under our strategic
partnership in advance of expected trial programs. Subject to customer feedback
and adoption, we anticipate the product will be ready for mass production in
late 2016."

"Our ambition is to simplify the everyday life of consumers. By integrating
fingerprint biometrics into a payment card together with IDEX, we are enabling a
smooth and secure payment experience as well as ensuring seamless integration
within existing POS terminals", commented Philippe Bertiaux, Vice President &
General Manager, Payment Business Unit at Safran Identity & Security.


Safran is a leading international high-technology group with three core
businesses: Aerospace (propulsion and equipment), Defence and Security.
Operating worldwide, the Group has 70,000 employees and generated sales of 17.4
billion euros in 2015. Safran is listed on Euronext Paris and is part of the
CAC40 index, as well as the Euro Stoxx 50 European index.

Safran Identity & Security is a global leader in identity and security
solutions, deploying systems in more than 100 countries. Backed by more than 40
years of experience in biometrics, the company develops innovative technologies
for the public and private sectors, including identity management, secure
transactions and public security solutions.

For more information: www.safran-group.com and www.safran-identity-security.com
/ Follow @Safran and @SafranIDSec on Twitter

Press:
Isabelle de BUYER: isabelle.de-buyer@safrangroup.com /
+33 (0) 1 30 20 22 67



IDEX has developed the world's most advanced fingerprint imaging, recognition
and authentication technology. IDEX's innovative Intellectual Property (IP) is
protected by a comprehensive portfolio of 47 granted and pending patent
families, which continues to grow through ongoing innovation.

The IDEX business model is based on designing innovative fingerprint sensor IP
and products, which IDEX sells and licenses global Original Equipment
Manufacturers (OEM) partners. These partners utilise IDEX IP in a range of
biometrically enabled products. The customers are either purchasing IDEX
fingerprint sensor units or paying a royalty on units they produce. IDEX's
addressable market represents a multi-billion unit opportunity, centred on three
core markets:

* Mobile Devices
* ID security and Smart Cards
* The Internet of Things


IDEX has an exciting and competitive product ready road map including swipe
sensors, touch sensors with disruptive cost positions, and a unique in-glass
solution. The Company is currently in the process of commercialising these
products and has recently announced a number of important OEM partnerships and
end user design wins.

IDEX ASA (ticker IDEX) is a Norwegian public company, founded in 1995, and its
shares are listed on the Oslo Børs (Oslo stock exchange). For more information,
please visit www.idex.no

Press
Hemant Mardia, CEO, +44 7788 922 171, hm@idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no


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