IDEX demonstrate contactless fingerprint sensor to card customers

Oslo, Norway, 12 October 2017 - IDEX, a leading developer of advanced
fingerprint solutions for mass markets, is demonstrating its flexible, low power
fingerprint sensor suitable for all contactless cards applications operating
with standard NFC terminals.

Earlier this year IDEX launched its breakthrough low power, low cost ASIC
specifically designed for contactless biometric card applications. Following
this, IDEX announced a flexible sensor based on patented IDEX technology and
incorporating this new ASIC. IDEX is now very pleased to report that it has
begun sampling this new sensor for both contact and contact-less card
applications. IDEX has been actively demonstrating this solution to leading card
integrators and partners with excellent feedback. IDEX will also showcase the
solution to the wider industry at Money20/20 in Las Vegas later in October.


"A fundamental challenge with biometric cards is that they cannot easily contain
an internal power source and card manufacturers don't want to use batteries
because they are costly and difficult to maintain. This means that biometric
cards must be powered by the card reader, either using direct contact or by
collecting electrical power from a contactless radio field. The limited power in
both of these methods puts extremely tight constraints on the biometric solution
including the sensor", says Dr Hemant Mardia, CEO of IDEX. "However, I'm very
pleased to say that we at IDEX can now offer a biometric card system that works
well for both contact and contact-less applications using existing card
terminals.
Idex's fingerprint sensor systems have been developed with several major
ecosystem partners to meet the rapid growth in demand for more secure payment
mechanisms."

There are several key elements to IDEX's sensors which solve card specific
challenges:
* IDEX sensor images are large enough (over 80 square mm) to capture the
larger image of the fingerprint needed for the constrained card system.
* The sensor's size enables ultra-compact matching algorithms to be tuned
optimally for low cost and low power memory constrained microprocessors that
are essential for contactless applications.
* The system meets the low power requirements of a standard contactless card
use, consuming less than 25 mW of power to capture the image. This has been
achieved with a custom-designed sensing ASIC with a footprint 1/8(th) of the
size of equivalent silicon sensors.
* The ASIC has on-board digital intelligence that supports both securely
encrypted communication and advanced power management within the sensor.

The powerful combination of low cost, fully flexible sensor, reduced silicon
ASIC footprint and standard contactless power harvesting technology means that
IDEX's contactless card design can be manufactured at very significantly lower
cost than competing designs being proposed in the market today.
Reference cards containing this break-through IDEX sensor solution have passed
critical energy harvesting tests needed to meet the ISO14443 standard which will
allow card integrators to manufacture a biometric contactless card with the
standard class 1 Antenna and NFC power management.

ISO compatibility, combined with excellent biometric recognition performance and
low cost of standard contactless power components, means IDEX can demonstrate a
compelling, contactless ready, biometric sensor solution, suitable for a wide
range of biometric applications across the payment, social inclusion and
identity markets.

Contact:
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no

Twitter: http://www.twitter.com/idexasa

About IDEX
IDEX is a leading developer of advanced fingerprint sensor technology and
products. The company's technology is used in a range of biometrically enabled
applications within three core markets: smart cards, mobile, and Internet of
Things (IoT). IDEX's addressable market represents a fast-growing multi-billion
unit opportunity.

IDEX's technology includes both the conventional silicon sensor and a unique
off-chip technology, which means that the company can offer its partners
solutions which are flexible and cost efficient.

IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the
Oslo stock exchange in 2010. For more information, please visit www.idex.no


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