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2016-02-26

IDEX ASA: IDEX ASA preliminary report for 2015

Fourth quarter highlights - design win and commercial production· IDEX touch fingerprint sensor selected by tier-one mobile phone OEM

Major milestone and strong reference point for other tier-one customers
· First volume production order from tier-one mobile OEM design win
Volume production order validates IDEX's technology
· Initial volumes of polymer sensors manufactured with high yields
· First flexible polymer touch sensor for standard size payment and ID
cards delivered to customer
Targeting leading position in multi-million-unit market with initial pilots in
near future
· Continued progress towards commercialization of unique in-glass
sensor
IDEX only vendor with solution for sensing in-glass rather than under-glass
· IDEX and Bio-Key launches USB fingerprint reader for Windows devices
Targeting the growing market of replacing passwords with biometric
authentication
· Invesco Asset Management and Woodford Investment Management exercised
warrants, investing a total of NOK 448 million
Major shareholders demonstrate confidence in IDEX technology, products,
management and strategy

Other highlights in 2015 - partnerships and customers include leading global
companies
· Strategic partnership with global payments company validated
potential in smartcards market
· Agreement with Fortune 500 company to accelerate commercialisation of
in-glass sensor
· Volume manufacturing established in partnership with Cypress
Semiconductor and Amkor Technology
· First production order for Eagle touch sensor with World Wide Touch
Technology
· Woodford Investment Management invested NOK 297 million in a private
placement in the second quarter
· IDEX up-listed to the Oslo Børs main list in May

Outlook and milestones for 2016 - additional design wins and production orders
expected
· IDEX positioned for accelerated growth within a multi-billion dollar
market for fingerprint sensors based on strong product portfolio and
established volume manufacturing partners
· Initial production order for tier-one handset expected to begin
shipping in second quarter and lead to additional orders
· Positive feedback from OEMs on diverse range of silicon- and
polymer-based sensors, expect further design wins
· Significant advancement in programme with global payments company,
IDEX ramping organisation to support demand for card products
· Expects pilot orders of new card sensor in the second quarter of 2016
and volume shipments in late 2016
· Expects customer evaluations of in-glass sensor solutions in the
second quarter of 2016 and industrialising supply chain for volume by the end
of 2016

The full report is attached in pdf file/link at the very end of this notice.

IDEX's strategy continues to focus on exploiting its sensor technology across
three mass markets: mobile devices, ID&smart cards and the Internet of
Things.

IDEX is the only fingerprint sensor manufacturer in the market that has the
IP, know-how and products to offer both conventional silicon sensors, the
Cardinal product family, and next-generation polymer off-chip sensors, the
Eagle product family, to leading OEMs. The Cardinal sensor provides highly
competitive price and per¬formance characteristics within smaller form
factors, whereas the Eagle sensor has a unique cost position for medium sized
sensors. IDEX now has received production volume orders for both the Eagle
and the Cardinal sensors in various market segments. The shipments of the
Cardinal sensor for the tier-one mobile OEM is expected to commence in the
second quarter. IDEX expects these market breakthroughs to generate more
design wins and pro¬duction orders for mobile devices throughout 2016.

IDEX's strategic partnership with a major global payments company is
pro-ceeding very well, and IDEX is currently building out its production
organisation in support of demand. IDEX believes that its world's first
polymer touch sensor for cards will give it a leading position for
fingerprint sensors in the cards market. Customer trials with the sensor will
be conducted during the second quarter, potentially leading to initial volume
shipments by the end of 2016.

Work on IDEX's unique in-glass sensor technology has also been pro-gressing,
and IDEX expects evaluations by lead customers in the second quarter of 2016.
IDEX believes this is the ultimate biometric solution for the mobile device
market, offering superior biometric performance and excellent industrial
design flexibility.

Over the past year, adoption of fingerprint sensors in mobile devices has
become widespread, and growth is expected to accelerate. Secure payment
services are among the leading drivers of the need for secure and convenient
authentication in the digital world.

IDEX believes that its portfolio of high-performance and cost-effective
products, supported by leading-edge IP, a deeply knowledgeable organisation,
tier-one industry partners, and a solid financial position, will allow the
compa-ny to capture a significant share of the fast-growing, multi-billion
dollar market opportunity for fingerprint sensors.

26 February 2016
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
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)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 enhance the portfolio with its commitment to ongoing world class
research and innovation.

The IDEX business model involves the design of fingerprint sensor IP and
products. IDEX sells fingerprint sensor products, and licences its technology
to global Original Equipment Manufacturers (OEM) partners. These partners
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.

In February 2016, IDEX announced that it had received its first production
order for its Cardinal touch fingerprint sensor optimized for tier-one mobile
handsets, IDEX will begin to ship units in the second quarter 2016.

IDEX also recently announced it had developed the world's first flexible
polymer touch sensor suitable for ISO-card integration.

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

--o--

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

IDEX Q4 2015 report
http://hugin.info/131532/R/1989846/730878.pdf

---------------------------------------

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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