NewswireToday - /newswire/ -
Oslo, Norway, 2015/01/05 - IDEX ASA, a leader in high performance fingerprint sensors, announced that it has entered into a partnership with Trustonic, the leading provider of Trusted Execution Environments (TEEs) for smart devices - Trustonic.com / IDEX.no. OSE: IDEX
IDEX and Trustonic will collaborate to integrate IDEX’s next generation fingerprint sensors and driver software with Trustonic TEE, delivering a secure on-device biometric authentication experience as IDEX commercializes its products for smart devices in 2015.
With the explosive adoption of smart mobile devices of all kinds, consumers, enterprises, wireless carriers, service providers, and OEMs are demanding a higher level of security on devices. As Trustonic’s TEE technology is embedded in over 300m smart connected devices, the partnership will provide hardware enabled biometric authentication experience with the advantage of reduced integration time for OEMs to launch their smart phones and tablet devices integrated with IDEX’s fingerprint sensors.
Fingerprint sensors provide a convenient replacement for pins and passwords, and pave the way for user-friendly secure authentication in a variety of applications in both consumer and enterprise markets. “There is a massive demand for secure biometric solutions for the mobile industry. With the Trustonic partnership, IDEX will be able to combine its high quality sensors with hardware enabled device security,” said IDEX CEO, Dr Hemant Mardia. “In our strong activity with customers we see that the demand for hardware based trusted and secure high performance solution is increasing as fingerprint sensors become a cornerstone for mobile payment transactions”.
Trustonic CEO, Ben Cade said: “As users and service providers alike start to adopt biometric authentication to access mobile applications and services, the need to ensure secure storage and transactions is clear and present. Trustonic’s widely deployed TEE technology, coupled with IDEX’s industry leading fingerprint sensors, will provide a highly trusted security solution on mobile devices for biometric authentication.”
IDEX ASA (idex.no) specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of more than 20 patent families including more than 200 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product 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 commercializing the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & Smart Cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as one of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange).
Trustonic integrates hardware-level security and trust directly into the devices through which we access today’s connected world. Trustonic simplifies user experiences in everything from mobile shopping and Internet banking to entertainment to collaborating in the workplace.
Trustonic Limited (trustonic.com) is an independent privately held company with three main shareholders: ARM, Gemalto and Giesecke & Devrient (G&D). Trustonic technology is embedded in over 300m smart connected devices with service providers across a wide range of verticals building trust enhanced services. To learn more about Trustonic and how it’s making your connected world a better place visit us at trustonic.com.
Contact Trustonic PR: Sally Doyle - E: pr[.]trustonic.com.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.