IDEX and Card Tech launch biometric dual interface Smartcard programme with top-tier card integrator

Oslo, Norway - 28 February 2017 - IDEX, a leading developer of advanced fingerprint solutions for mass markets, has received initial orders from Card Tech, a company focused on creating innovative and user friendly security solutions on cards. The order is for IDEX's next generation touch fingerprint sensor, which enables secure authentication in standard contactless and contact cards.

IDEX and Card Tech have extended their partnership to collaborate with a top-tier card integrator to deliver a biometric card module. The solution is using IDEX's flexible, ISO compliant off-chip fingerprint sensor and Card Tech's electronic system expertise and patented technology for secure biometric card products. The programme targets mass deployable smartcard programmes in the government ID and banking markets.

"We are very pleased to be expanding our engagement with top-tier partners within the card ecosystem. Following the launch of our ISO card form factor compliant flexible sensor for smartcards last year, we have received significant interest from both potential end customers and ecosystem partners," said Dr. Hemant Mardia, CEO of IDEX. "We are pleased to be collaborating with Card Tech on a programme for one of the largest card integrators, which is significant validation of our unique card sensor value proposition."

IDEX's off-chip technology enables a thin and bendable sensor consisting of a low-cost flexible polymer, compliant with ISO standards for long-term durability, making it uniquely suited for smart card integration. Following the successful development of IDEX's next generation ASIC, IDEX can deliver leading edge energy efficient sensors meeting the demanding requirements of contactless cards.

"Card Tech and IDEX have been working together for several years to drive the frontier of biometric authentication for smartcards. The combination of IDEX's off-chip fingerprint sensor ideally suited for cards, and our worldwide patented biometric card system design and know-how, have created a strong value proposition for the programme with the top-tier card integrator, addressing global markets," said Fabrizio Borracci, Chairman of Card Tech. "We are very excited about the potential of this programme and all the other expressions of interest, from different markets, received in the last months. We believe that strengthening this partnership with IDEX will allow to boost our growth in 2017".

Contact:
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no

Twitter: http://www.twitter.com/idexasa

About IDEX
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

Contact:
Paolo Bean, Sales & Marketing Manager, +39 02 40047473, p.bean(at)card-tech.it


Twitter: https://twitter.com/Card_Tech

About Card Tech
Card Tech® is an Italian company focused on the research, development and marketing of biometric mobile devices. Card Tech® mission is to improve the life of people creating innovative, secure and user-friendly solutions and products. In market of mobile devices, Card Tech® leverages the combined use of biometrics for a secure use identification and secure RFID/NFC communications. In the smart cards market, the company has developed an ISO7810 ID-1 and ISO 7816 compliant card fitted with an ultra-thin biometric sensor, battery and chip that amounts to a secure fingerprint system-on-card. Card Tech biometric system on card solutions worldwide patented. For more information, please visit www.card-tech.it

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