U.S. Markets close in 54 mins

IDEX sensors in biometric bank card end user trial in the Middle East

Oslo, Norway - 16 May 2018 - IDEX ASA, the leading provider of advanced fingerprint identification and authentication solutions is proud to announce that it`s fingerprint sensors are being deployed in biometric cards used for a new end customer trial, which is being run in the Middle East.
"We are seeing increased customer activity in the biometric card space, and we are confident that the market will materialize this year. Biometric cards provide enhanced security and increased convenience for card transactions", said Stan Swearingen, CEO of IDEX.   Contact:
Charlotte Knudsen, Director of IR and Communications,
+47 9756 1959, ck@idexbiometrics.com   Henrik Knudtzon, CFO,
+47 930 22 827, henrik.knudtzon@idexbiometrics.com   About IDEX ASA:
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, including smart cards, Internet of Things (IoT) and mobile. The company`s technology is based on a fundamentally unique architecture that delivers form factor flexibility and superior cost-performance characteristics. IDEX`s total addressable market represents a fast-growing multi-billion unit opportunity.
IDEX ASA is traded on the Oslo stock exchange under the ticker IDEX.   For more information, please visit www.idexbiometrics.com and follow us on Twitter @IDEXASA
 
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 Corporate Solutions on behalf of Nasdaq 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

HUG#2193052