Du er på: newsweb.no
newsweb.no
Utsteder
Utst.ID
Instrument
  Nullstill...
Kategori
Fra dato
Til dato
Skjul ikke-informasjonspliktige pressemeldinger Info...
Vis kun lagringspliktige meldinger Info...
Vis kun siste versjon av melding Info...
Vis kun aktive utstedere Info...
Vis kun Oslo Børs meldinger Info...
 
MeldingsID: 339751
Dato/tid 13.11.2013 08:29
Utsteder IDEX ASA
UtstederID IDEX
Instrument
Marked OAX
Kategori FINANSIELL RAPPORTERING
Informasjonspliktig   Informasjonspliktige opplysninger   Lagringspliktig melding
Vedlegg
Tittel IDEX interim report as at 30 September 2013
Tekst



Highlights
·        IDEX acquires touch sensor patents, technology and employs executive
team from PicoField:
Complements IDEX's protected technology base and adds highly experienced staff
including founders of Validity
·        IDEX obtains significant strategic investment from World Wide Touch
Technology:
$9 million funding for accelerated execution of product rollout
·        Apple's iPhone 5S with a capacitive fingerprint sensor heralds a new
era of convenience and security on mobile devices:
Opening up a multibillion-dollar market for IDEX and validates that capacitive
fingerprint sensors are the optimal solution
·        Accelerating development of cost disruptive fingerprint touch sensors:
Increased investment in proprietary two-part sensor technology and R&D expansion
from 13 to 30 staff total
·        Establishing strategic presence in the USA for access to tier one
industrial partners:
Development centre in Boston and office in Silicon Valley
·        Agreement expanding the scope of the current agreement with global
player in mobile telecoms market:
Demonstrates traction in commercializing products for the mobile communications
mass market

IDEX has secured additional funding, enabling expedited development of key
products, expansion of activity with strategic partners, acquisition of key
technology and addition of experienced industry veterans. IDEX is implementing
its strategy to fulfil the company's business focus on exploiting the rapid
growth of the biometric mobile communication market.

The capacitive sensing principle, which IDEX uses, is the sensing principle of
choice for consumer devices. This has been stated by Microsoft and confirmed by
Apple's acquisition of AuthenTec, Inc. in 2012 and Synaptics, Inc.'s recent
acquisition of Validity Sensors, Inc.: Both of the acquired companies deliver
capacitive sensors. IDEX, by virtue of its strong patent base is now one of only
two independent principal vendors of capacitive fingerprint sensor components.

IDEX has added new employees and contractors in order to deliver products and
support to existing and new partners. IDEX is investing in enhancing its IP and
technology position to deliver an increased product portfolio and leverage its
strong patent position. The sales and marketing staff and activities are
growing, with focus on strategic tier-one partnerships within the consumer
electronics market.

The rapid adoption of fingerprint biometric sensors is leading to a multi-
billion dollar mass-market opportunity for IDEX. The SmartFinger swipe sensor is
expected to be qualified for use in mobile communications devices by the end of
2013.

Statements from industry leaders Microsoft and PayPal have underlined the need
for touch sensors in addition to low-cost swipe sensors. The relative value of
the touch sensors is several times that of swipe sensors and will lead to
significant market scale increase for IDEX. IDEX plans to deliver product
samples of touch sensors mid-2014.

The full report and interim financial statements are enclosed in pdf file or use
the link at the very end of this notice.

13 November 2013
IDEX ASA


Web: www.idex.no
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa

Contacts:
Hemant Mardia, CEO,  +44 7788 922 171,  hm(at)idex.no
Kristian Wiermyhr, VP strategy and sales,  +47 41273360,  kw(at)idex.no
Erling Svela, CFO,  +47 4062 1040,  erling.svela(at)idex.no

About IDEX
IDEX ASA specialises in fingerprint imaging and recognition technology. IDEX's
vision is to ensure individuals a safe, secure, and user-friendly use of
personal ID. IDEX has developed the award-winning SmartFinger(®) technology
platform based on the company's core intellectual property, including the
patented fingerprint imaging principle, sensing scheme and chip design. Combined
with core software solutions for imaging and authentication, the SmartFinger
technology enables on-device enrollment, template storage and verification
within the very same module. SmartFinger solutions can be seamlessly integrated
into a variety of embedded applications such as mobile phones, one-time password
devices, Smartcards, payment and ID cards, payment terminals, access control
devices and biometric security and login tokens.

IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess
marketplace on the Oslo Børs (Oslo stock exchange). For more information, please
visit www.idex.no or contact IDEX at mailbox@idex.no
--o--

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


[HUG#1742634] 
    

Les om ansvar og rettigheter.