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IDEX Secures Design Wins with a Major Asian Mobile Customer - IDEX ASA today announced that a major Asian smartphone customer has selected IDEX’s Cardinal touch fingerprint sensor for mobile handset integration
IDEX Secures Design Wins with a Major Asian Mobile Customer

 

NewswireToday - /newswire/ - Oslo, Norway, 2016/08/08 - IDEX ASA today announced that a major Asian smartphone customer has selected IDEX’s Cardinal touch fingerprint sensor for mobile handset integration. OSE: IDEX

   
 
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The customer is launching multiple programs with fingerprint sensors, and IDEX sensors have been qualified for several of these.

“I am very pleased to secure additional design wins with a major mobile customer. We expect the first mobile smartphone launch with our sensor for this major Asian customer in Q4 of this year. This continued momentum is further validation by mobile customers of the attractive value proposition of IDEX’s fingerprint sensors” says Dr. Hemant Mardia, CEO of IDEX. “The Cardinal product family is highly suitable for OEMs demanding compact and cost efficient sensors, and we are confident IDEX will secure additional design wins in the coming quarters”, he continued.

About IDEX

IDEX (idex.no) 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 45 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 customersare 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.

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

 
 
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Written by / Agency / Source: IDEX ASA

 
 

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IDEX Secures Design Wins with a Major Asian Mobile Customer

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Publisher Contact: Hemant Mardia / Henrik Knudtzon - IDEX.no 
+44(0)77 8892 2171 / +4793022827 henrik.knudtzon[.]idex.no / hk[.]idex.no
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any IDEX ASA securities in any jurisdiction including any other companies listed or named in this release.

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