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2014-05-07

IDEX ASA: IDEX ASA interim report for the first quarter 2014

Highlights in this report

* Secured volume order from world-class electronics manufacturer World Wide
Touch Technology:

First commercial launch of IDEX sensor embedded in consumer electronics
devices

* Collaboration with CrucialTec to accelerate and sample first-generation
small-area mobile touch sensor:

Responding to strong demand for higher-value touch sensors in flagship mobile
devices following launch of iPhone 5S

* Demonstrated the first functional glass fingerprint sensor at the Mobile
World Congress in Spain:

Key step towards integrating sensor in cover glass of mobile devices

* Entered into licence agreement with BIO-key to deliver advanced biometric
software solutions for mobility market:

The next generation of secure identification solutions and algorithms for mass
market consumer devices

* Funds managed by global asset manager Invesco invested NOK 300 million in
IDEX:

Landmark investment accelerating development of IDEX as a global leader in
fingerprint market

* Industry veteran Larry Ciaccia, former CEO of AuthenTec, joined IDEX's
Strategy Advisory Council:

Significant industry knowhow advising on strategic trends in rapidly
developing fingerprint mass market

Outlook and key upcoming milestones

* CrucialTec partnership provides established high-volume manufacturing and
OEM channels for fingerprint sensors
* Evaluation of IDEX sample sensor by multiple mobile device OEMs underway
* Swipe and touch sensor sample deliveries for insertion in consumer devices
in the second quarter of 2014
* Showcase of IDEX sensors in commercial product launches for mobile
accessories by World Wide Touch Technologies
* Initial revenues from swipe and new touch sensors expected in second half
of 2014
* IDEX's disruptive cost touch sensor and enhanced swipe development to
expand market applications in 2015
* IDEX expects to secure market share as one of three vendors with strong IP
for low cost capacitive fingerprint sensors
* Focus on strategic tier-one partnerships within the consumer electronics
market to drive product insertion
* Setting up scalable supply chain and multiple sourcing for high volume
capability and cost efficiency
* Continuously strengthening patent and IP position with significant R&D
investment
* Funding for resource expansion and hiring key staff to accelerate business
execution is in place

IDEX expects rapid mass-market adoption of fingerprint sensors on a wide range
of consumer devices resulting from the critical mass of smartphone adoption
and driven by the megatrend for mobile payments.

The board of directors of IDEX expects 2014 to show exceptional growth for
biometric devices with IDEX gaining market traction as a key contributor:

* The company has received its first volume order, entered into strategic
partnerships, demonstrated a glass sensor, and brought key industry
experience into its Strategy Advisory Council.
* IDEX is now solidly funded to exploit significant commercial opportunities
and market share.
* IDEX has commenced sampling of its mobile sensor products including the
acceleration of a small area touch sensor in response to high demand from
OEMs.
* IDEX is investing in enhanced technology to deliver competitive advantage
and leverage its strong patent position. IDEX is receiving strong customer
validation of its unique product roadmap.
* The global sales activities are rapidly increasing, with focus on strategic
tier-one partnerships in the consumer electronics market.
* Multiple mobile OEM evaluations are expected to lead to mobile design wins
in the second quarter of 2014 and volume shipments starting during second
half of 2014.

Industry leaders have underlined the need for touch sensors in addition to
low-cost swipe sensors. The relative value of the touch sensors is several
times that of swipe sensors and will lead to significant market scale
increase for IDEX. Touch sensors offer the desired user experience for
flagship products whereas swipe sensors offer cost efficient solutions for
low-/mid-end devices. Together this is expected to drive adoption across the
complete mobile product portfolio.

IDEX is now one of only three principal vendors of capacitive sensors, which
is the preferred sensing principle for consumer devices as a proven mass
deployed solution.

With the launch of the Apple iPhone 5s with a touch sensor, followed by
multiple Android device launches with swipe sensors and culminating recently
in the Samsung Galaxy 5 implementation, the rapid adoption of fingerprint
biometric sensors represents a multi-billion dollar mass-market opportunity
for IDEX.

The full report and interim financial statements are enclosed in pdf file or
use the link at the very end of this notice.

7 May 2014
IDEX ASA

Web:
www.idex.no

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

LinkedIn:
http://www.linkedin.com/company/idex-asa

Contacts:
Hemant Mardia, CEO, +44 7788 922 171, hm(at)idex.no
Erling Svela, acting CFO, +47 4062 1040, erling.svela(at)idex.no

About IDEX
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 Børs (Oslo stock exchange). For more information,
please visitwww.idex.noor contact IDEX atmailbox@idex.no

--o--

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

Q1 2014 report
http://hugin.info/131532/R/1783296/610665.pdf

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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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