IDEX secures additional design win with major Asian mobile customer
IDEX ASA today announced an additional design win with a major Asian smartphone customer who has selected IDEX's Cardinal touch fingerprint sensor for integration into a further mobile handset program. This additional design win has been secured with the same major Asian OEM which IDEX announced multiple design wins for on August 8 th this year.
"I am very pleased to secure a further design win with this major customer. We have already won multiple design wins with the OEM, and this additional program is a strong validation of our compelling value position. This handset is expected to be launched during H1 2017. We expect the first handset from this OEM with IDEX sensor to be launched later in Q4 " says Dr. Hemant Mardia, CEO of IDEX. "The Cardinal product family is highly suitable for OEMs demanding compact and cost efficient sensors, and we are pleased to see continued strong customer momentum for this product", he continued.
Web:
www.idex.no
Twitter:
http://www.twitter.com/idexasa
LinkedIn:
http://www.linkedin.com/company/idex-asa
Contact:
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idex.no
About IDEX
IDEX develops advanced fingerprint sensor technology and products. The technology is used in a range of biometrically enabled applications within three core markets: mobile devices, ID security and smart cards and the internet of things (IOT). IDEX addressable market represents a fast growing multi-billion unit opportunity.
IDEX' technology includes both silicon and polymer based capacitive sensors, which means that the company can offer its partners unique 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
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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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
