Highlights in the first half of 2013
- Major breakthrough for IDEX in the mobile market:
IDEX agrees commercial terms with a global player in the mobile communications market
- IDEX strengthens executive team and appoints new CEO:
Hemant Mardia appointed as CEO. Ralph W. Bernstein continues as CTO
- New fingerprint sensor being prepared for high volume mobile and embedded markets:
Progress with implementing volume, cost effective supply chain for the mass market
- Progress on security and bag lock projects:
Order timing depends on end customer's programs
- Private placement in April to fund expansion was substantially oversubscribed:
Adding NOK 30 million new equity
- Cash position of NOK 36.6 million at 30 June 2013
- Recognition of IDEX's unique IP and patents:
Apple/AuthenTec verifies licensing agreement with IDEX
Outlook and key milestones in the second half of 2013
- Market introduction of fingerprint sensors in smartphones
- Customer qualification of IDEX swipe sensor for mobile communications
- Further progress on supply chain for high volume capability and cost efficiency
- Expanded IDEX software solutions to support mobile applications
- Organisation and R&D expansion to accelerate product roadmap to meet demand for higher-value touch sensors
- Establish global sales and support footprint to respond to highly elevated interest in biometric solutions
- Focus on strategic tier-one partnerships within consumer electronics market
The full report and financial statements are enclosed in the link/pdf file.
14 August 2013
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
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