Oslo, 21 April 2017 - IDEX announced today that their flexible off-chip fingerprint sensor is featured in the Mastercard next generation biometric card.
Dr. Hemant Mardia, CEO of IDEX, commented, "We are very pleased to be partnering with a true pioneer in the development of easy and secure transaction environments for consumers across the world. Our partnership has achieved first mover advantage in the mass market adoption for biometric cards, and we expect initial commercial deployment to begin in 2017. After multiple years of technology development and focus on this market, IDEX is proud to have our fingerprint sensors selected for this global payment card programme. IDEX has long-maintained a strong commitment and consistent focus on commercializing its sensors in the smart card market, and I believe we are extremely well positioned to capture a significant share of this market as a result of this program`s disruptive solution."
Charlotte Knudsen, Director of IR and Communications,
+47 9756 1959, email@example.com
Henrik Knudtzon, CFO,
+47 9302 2827, firstname.lastname@example.org
About IDEX ASA
IDEX develops and sells advanced fingerprint sensor technology and products. The company`s technology is used in a range of biometrically enabled applications within three core markets: Mobile, Smart Cards and Internet of Things (IoT). IDEX`s addressable market represents a fast-growing multi-billion unit opportunity.
IDEX`s technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010. For more information, please visit www.idex.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IDEX ASA via GlobeNewswire