IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has been approved to trade on the OTCQB Venture Market exchange under the ticker symbol IDXAF and trading will commence today.
The OTCQB Venture Market offers companies the benefits of being publicly traded in the U.S. with lower cost and complexity than listing on the large U.S. exchanges. To be eligible, international companies must be current in the local market filings and undergo an annual verification and management certification process.
As a verified market with efficient access for U.S. investors, OTCQB helps international companies build shareholder value by enhancing liquidity and achieving fair valuation. B. Riley FBR, Inc., a U.S. based investment bank which has extensive experience in the OTC process, acted as the Company’s sponsor for this process.
Derek D’Antilio, CFO of IDEX Biometrics commented: “The OTCQB market informs investors and potential investors that IDEX meets or exceeds the standards of reporting and transparency. In addition, it was important to us to provide investors in the U.S. easy and efficient access to trade IDEX’s shares. Trading on the OTCQB market serves as a gateway to the U.S. capital markets for IDEX.”
About IDEX Biometrics
IDEX Biometrics ASA (idexbiometrics.com) is a leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.
About OTC Markets Group, Inc.
OTC Markets Group, Inc. (otcmarkets.com) operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 10,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act