IDEX ASA - Third quarter 2017 report

IDEX, a leading developer of advanced fingerprint solutions for mass markets,
reports revenues of NOK 3.5 million in the third quarter of 2017 and NOK 15.0
million in the first nine months of 2017. In the corresponding periods of 2016,
the company reported revenue of NOK 8.4 million and NOK 26.1 million
respectively.

During the first nine months of 2017, IDEX has made significant progress on
commercialisation of its sensor solution for cards, further leveraging its
leading position in the biometric cards market significantly ahead of potential
competitors. IDEX's market position is supported by the company's fundamental
off-chip advantage for card sensors, which is a robust and proven solution.
Global payment provider, Mastercard, and IDEMIA, a leading card integrator,
selected IDEX's off-chip technology to develop a new generation of biometric
smart cards. Through these partnerships, IDEX is equipped with an unparalleled
capability for commercial mass deployment.

The partners have completed several end-user trials with extremely positive
feedback on the convenience, security and ease of use of the card. The
completion of these real-life trials is a competitive advantage to IDEX's
solution, allowing ongoing refinement to achieve for superior usability.

In August, IDEX received an initial order for its smart card sensor from a major
Asian authentication and security card customer for government identification
and access control application. IDEX sees significant interest for biometric
cards from a range of players, particularly in the Far East.

After the end of the quarter, IDEX announced that it had entered into an
innovation agreement with its global payment provider partner, by which IDEX
will deliver a patented solution for low-cost, on-card remote enrolment and a
compact matcher for commercial deployment in 2018. Together, these advanced
offerings are expected to provide IDEX's customers with a complete and fully
integrated solution to pursue a number of rapidly emerging opportunities in the
biometric card market.

IDEX's first priority is to strengthen its leadership position in the biometric
cards market and to drive further adoption of its off-chip sensor technology in
biometric applications. In addition, the company will continue to leverage its
sensor solutions in the IoT market and further develop the solution for
integrated display fingerprint sensors.

The biometric card solution developed in partnership with Mastercard is expected
to achieve certification shortly and the commercial roll-out is expected in
early 2018. IDEX expects to secure additional customers on the back of strong
commercial interest from customers. The company's sensor for contactless cards
is expected to be ready for volume shipments in first half 2018.

Please find the third quarter 2017 report enclosed or linked at the end of this
notice.

IDEX will hold a Capital Markets Day in London today, starting at 10.00am GMT
(11.00am CET). The event will be held at The Clubhouse Bank at 1 Angel Court, in
the City of London. The IDEX executive team will present a detailed update on
strategy and progress, with a focus on the biometric card market. The
presentations will be broadcasted live. The link to the webcast is available at
www.idex.no

The presentations will also be available for download from the company's website
from approximately 09.30am GMT.

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

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

About IDEX
IDEX is a leading developer of advanced off-chip fingerprint sensors and
complete system solutions to a range of biometrically-enabled applications,
including smart cards, Internet of Things (IoT) and mobile. The company's
technology is based on a fundamentally unique architecture that delivers form
factor flexibility and superior cost-performance characteristics. IDEX's total
addressable market represents a fast-growing multi-billion unit opportunity.

IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.

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