IDEX ASA, a leader in the development and commercialisation of high performance fingerprint sensors, has entered into a partnership with Nok Nok Labs, an innovator in modern authentication and a founding member of the FIDO Alliance, an industry consortium launched in 2013 to revolutionize online security with open standards for simpler, stronger authentication. IDEX and Nok Nok Labs are collaborating to integrate IDEX’s latest generation of high performance touch based fingerprint sensors with the Nok Nok Labs™ S3 Authentication Suite, which will be offered to OEMs as a pre-certified solution.
The combination of IDEX’s secure off-chip touch sensor solution with Nok Nok Labs robust implementation of the FIDO Universal Authentication Framework (“UAF”) protocol creates an ideal solution for OEMs and their customers. Along with easy integration to relying parties and to online services requiring security in mobile applications, benefits include lower authentication costs, dramatically improved usability, and stronger security and privacy
“Fingerprint sensors are gaining wide acceptance, especially in the mobile market leading to rapid adoption of biometric enabled mobile payment and enterprise security services worldwide. With our partnership with Nok Nok Labs, IDEX is complementing our high performance sensor solution with strong online authentication to a widely-deployed and accepted industry standard. We are confident this solution is an important part of the value proposition as we sample our new sensor to our customers”, said IDEX CEO, Dr Hemant Mardia.
“As consumers get increasingly comfortable with biometric authentication and the number of enabled applications continues to rise, solutions need to ensure the security of these devices and provide for simple integration with backend systems,” said Phillip Dunkelberger, president & CEO of Nok Nok Labs. “The combination of IDEX’s high performance fingerprint sensors with Nok Nok’s S3 Authentication Suite provides the users with the usability and security they need and offers organizations a simple framework to support strong authentication in their mobile and web applications.”
IDEX ASA (idex.no) specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 215 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 commercialising 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 of three independent players with the relevant IP to capture market share.
About Nok Nok Labs
Nok Nok Labs (noknok.com) provides organizations with the ability to bring strong, FIDO-based authentication infrastructure to their mobile and web applications. The Nok Nok Labs S3 Authentication Suite enables organizations to accelerate revenues, reduce fraud, and strengthen security. Nok Nok Labs is a founding member of the FIDO Alliance with customers and partners that include NTT DoCoMo, PayPal, Alipay, Samsung and Lenovo.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.