IDEX Secures Cardinal Sensor Design Win for Chinese Mobile Customer

IDEX Secures Cardinal Sensor Design Win for Chinese Mobile Customer

IDEX ASA today announced that a Chinese smartphone customer has selected IDEX's Cardinal touch fingerprint sensor for integration into a mobile handset. The handset is expected to be in mass production in H1 2017. 

"I'm very pleased that IDEX has secured a key design win in China. The customer is a Chinese vendor with a significant volume of handset shipments. This design win is a result of our move to a direct sales model with a strong drive into the China market and the momentum from our previous mobile design wins," says Yang Chiah Yee, SVP Worldwide sales.

Web: www.idex.noTwitter: http://www.twitter.com/idexasaLinkedIn: http://www.linkedin.com/company/idex-asa

Contacts Hemant Mardia, CEO, +44 7788 922 171, hm(at)idex.no Henrik Knudtzon CFO, +47 9302 2827, hk(at)idex.no

About IDEX

IDEX has developed the world's most advanced fingerprint imaging, recognition and authentication technology. IDEX's innovative Intellectual Property (IP) is protected by a comprehensive portfolio of 45 granted and pending patent families, which continues to grow through ongoing innovation.

The IDEX business model is based on designing innovative fingerprint sensor IP and products. IDEX sells sensors or its IP to global original equipment manufacturers (OEMs) partners. These partners utilise IDEX IP in a range of biometrically enabled products. IDEX's addressable market represents a multi-billion unit opportunity, centred on three core markets:

· Mobile devices · ID security and smart cards · The Internet of Things

IDEX has an exciting and competitive product road map including fingerprint sensors with disruptive cost positions, and a unique in-glass solution. The Company is currently commercialising these products and has announced a number of important OEM partnerships, design wins, and is one of a few vendors with sensors integrated into a tier-one mobile handset.

IDEX ASA (ticker IDEX) is a Norwegian public company, founded in 1996, and its shares are listed on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idex.no or contact IDEX at hk(at)idex.no

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

This content was originally distributed by GlobeNewswire on 2016-10-03 08:00 CEST© Hugin BV.

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