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IDEX ASA: IDEX Announces Breakthrough Production Order for Tier-One Mobile Handset

IDEX ASA today announced that it has received an initial commercial volume
production order for its Cardinal touch fingerprint sensor for a tier-one
mobile handset. This production order follows IDEX's design win with the OEM
smartphone manufacturer for a device to be distributed by a major wireless
carrier, as announced on December 21, 2015. IDEX expects to commence
shipments to fulfill the order during the second quarter of 2016.

"Our first, commercial volume, production order represents a major milestone
for IDEX serving as clear validation of our world class sensor technology.
IDEX's fingerprint technology is protected by one of the strongest IP
portfolios in the industry and we have a compelling value proposition for
leading mobile OEMs. We are now marketing our cutting edge range of products
to the mobile industry," said Dr. Hemant Mardia, CEO of IDEX.

IDEX is the only company in the industry with both silicon and polymer
technology-based sensors, enabling it to offer a broad product portfolio that
fully addresses the diverse form factor requirements across the full range of
mobile devices and smart phone models. IDEX's production-ready fingerprint
sensor products are suitable for integration in all mobile devices as well as
smart-card applications. IDEX's Cardinal sensor offers a compact, low-cost,
silicon fingerprint touch sensor solution with very low power consumption.

Dr. Mardia added, "This customer selected IDEX technology for the compelling
price-performance of our sensor, and we are confident that this customer will
place additional and ongoing orders with IDEX. We expect the endorsement of
our product suite by a tier-one mobile device OEM to lead to further design
wins and product orders with a number of customers in 2016."




Hemant Mardia, CEO, +44 7788 922 171, hemant.mardia@idex.no
Henrik Knudtzon CFO, +47 9302 2827, henrik.knudtzon@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 more than 225 patents, and IDEX
continues to grow the portfolio through ongoing innovation.

The IDEX business model involves the designing of fingerprint sensor IP and
products. IDEX sells and licences its technology to global Original Equipment
Manufacturers (OEM) partners. These partners will utilise IDEX IP in a range
of innovative biometrically enabled products and pay IDEX either a royalty on
every product item produced, or purchase the fingerprint sensor units.

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 ready road map including swipe
sensors, touch sensors with disruptive cost positions, and a unique in-glass
solution. The Company is currently in the process of commercialising these
products and has recently announced a number of important OEM partnerships
and end user design wins.

IDEX ASA (ticker IDEX) is a Norwegian public company, founded in 1995, and its
shares are Listed on the Oslo Børs (Oslo stock exchange). For more
information, please visitwww.idex.noor contact IDEX athenrik.knudtzon@idex.no


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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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


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