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IDEX secures 300,000 units volume order for the Colibri swipe sensors from world-class electronics manufacturer World Wide Touch Technology

January 27, 2014



ENP Newswire - 27 January 2014

Release date- 24012014 - IDEX has secured an order of 300,000 units for the Colibri swipe sensor from World Wide Touch Technology Limited.

The sensors are expected to be delivered after the first quarter of 2014. This volume order is IDEX's first commercial launch for the Colibri swipe sensor embedded in consumer electronics devices for mobile and laptop accessories.

Kelvin Wong, CEO of WWTT, said 'We are excited to be placing our first order of IDEX's cutting-edge fingerprint sensing technology to be used in our FingerQ product line. We believe IDEX's unique product roadmap will help us to continue delivering innovative biometric products to the mass consumer market.'

'This order by WWTT represents an important milestone in IDEX commercialization phase,' said CEO Hemant Mardia of IDEX, and added 'We are very pleased to be working even more closely with one of the early adopters of consumer fingerprint biometrics. WWTT is already shipping and launching several biometric products within the consumer electronics space and is rapidly expanding their FingerQ biometric authentication platform, providing consumers cloud-based security and convenience. This is a significant opportunity for large-scale deployment of IDEX fingerprint sensors.'

Contact:

IDEX ASA

Hemant Mardia

CEO

Tel: +44 7788 922 171

Email: hm@idex.no

About IDEX ASA

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 Bors (Oslo stock exchange). For more information, please visit www.idex.no or contact IDEX atmailbox@idex.no

About World Wide Touch Technology (Holdings) Limited

World Wide Touch Technology (Holdings) Limited ('WWTT') was incorporated in 2009. WWTT and it subsidiaries (collectively the 'Group') are principally engaged in the trading of and provision of services to automation related equipment, and manufacturing of a range of high-technology products in the area of touch, security, energy and communication.

Since July 2013, the Group has expanded its biometric service offerings and launched the world's first biometric fingerprint privacy protection platform and devices - FingerQ and PrivacQ to strengthen the Group's leading provider in patented biometric security solutions.

With a vision to become a provider of 'life technologies' to facilitate and improve the daily lives of the users, the Group strives to employ cutting-edge technologies in its products and implement strategic development plans in an effort to enlarge its market share and promoted the diversification of its product mix.

WWTT has been listed on The Stock Exchange of Hong Kong Limited since 15 December 2010.


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Source: ENP Newswire


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