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Written by / Agency / Source: IDEX ASA
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IDEX Shipping Polymer Fingerprint Sensors for Multiple IoT Wins - IDEX ASA, the developer of advanced fingerprint solutions for mass markets, announces that the company is shipping polymer ‘Eagle’ fingerprint sensors to three different Internet of Things (IoT) customers - IDEX.no
IDEX Shipping Polymer Fingerprint Sensors for Multiple IoT Wins

 

NewswireToday - /newswire/ - Fornebu, Norway, 2016/10/31 - IDEX ASA, the developer of advanced fingerprint solutions for mass markets, announces that the company is shipping polymer ‘Eagle’ fingerprint sensors to three different Internet of Things (IoT) customers - IDEX.no. OSE: IDEX

   
 
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IDEX has received repeat orders from all three customers for sensors to be integrated into different application areas. This includes BioKey’s USB dongle, the SideTouch®, as well as a door lock and an encrypted storage solution from two other Asian customers.

“I am pleased about our traction in the developing IoT segment, which is a strong validation of the Eagle off-chip sensor. The off-chip sensor offers a strong fit for IoT applications with its compelling cost position for a larger sized sensor,” says Dr. Hemant Mardia, CEO of IDEX. “The IoT orders are also confirming that our shift to a direct sales model is starting to convert into sales, and we expect the business from these three customers to continue at a steady pace throughout 2017”, he continues.

The IoT market potential is huge, but also fragmented. IDEX is focusing on selected vertical opportunities, where its off-chip fingerprint sensor offer a strong value proposition. The off-chip sensor offers the unique combination of excellent biometric performance from a medium sized sensor and a very compelling cost point. The off-chip technology also enables greater flexibility in terms of sensor material and form factors than other competing sensors.

About IDEX

IDEX (idex.no) develops advanced fingerprint sensor technology and products. The technology is used in a range of biometrically enabled applications within three core markets: mobile devices, ID security and smart cards and the internet of things (IOT). IDEX addressable market represents a fast growing multi-billion unit opportunity.

IDEX’ technology includes both silicon and polymer based capacitive sensors, which means that the company can offer its partners unique solutions which are flexible and cost efficient.

IDEX ASA is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.

 
 
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Written by / Agency / Source: IDEX ASA

 
 

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IDEX Shipping Polymer Fingerprint Sensors for Multiple IoT Wins

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Publisher Contact: Hemant Mardia / Henrik Knudtzon - IDEX.no 
+44(0)77 8892 2171 / +4793022827 hm[.]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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