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IDEX Receives Initial Production Order from Major Asian OEM - IDEX ASA today announced that it has received an initial production order for its Cardinal touch fingerprint sensor - IDEX.no
IDEX Receives Initial Production Order from Major Asian OEM

 

NewswireToday - /newswire/ - Fornebu, Norway, 2016/10/11 - IDEX ASA today announced that it has received an initial production order for its Cardinal touch fingerprint sensor - IDEX.no. OSE: IDEX

   
 
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The order is for the major Asian smartphone customer which IDEX announced design wins from on August 8, 2016. The customer is launching multiple programs with fingerprint sensors that IDEX has been qualified for, and the order is for one of these programs.

“We are pleased that we are shipping initial volumes of sensors to this major customer, said Dr Hemant Mardia, CEO of IDEX. “We have very positive momentum on mobile sales with our new direct sales team and several reference customers, and expect to secure further volumes going forward.”

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. IDEX sells sensors or its IP to global original equipment manufacturers (OEMs) partners. These partners utilise IDEX IP in a range of biometrically enabled products. 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 road map including fingerprint sensors with disruptive cost positions, and a unique in-glass solution. The Company is currently commercialising these products and has announced a number of important OEM partnerships, design wins, and is one of a few vendors with sensors integrated into a tier-one mobile handset.

 
 
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Written by / Agency / Source: IDEX ASA

 
 

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IDEX Receives Initial Production Order from Major Asian OEM

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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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