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2014-05-27

IDEX ASA: IDEX enters into a strategic agreement for next generation fingerprint sensors with leading capacitive touch-sensing interface supplier Cypress Semic

IDEX ASA has entered into a strategic partnership agreement with Cypress Semiconductor Corporation. The license agreement provides for the commitment of significant joint resources and intellectual property for the rapid development of second-generation fingerprint sensor technology, high-volume manufacturing, product supply and application support to established mobile customer channels. Cypress is the world leader in capacitive user interface touch controllers. IDEX's patented fingerprint sensing technology will enable Cypress to offer combined touchscreen and fingerprint sensor solutions for mobile devices, significantly accelerating the mass-market adoption.The resulting sensor solutions will be extremely compact, support
next-generation features and be cost-efficient, supporting IDEX's disruptive
two-part sensor solutions for multiple mass market applications. This
solution leverages the acquired PicoField patents combined with IDEX
intellectual property, where the separation of the silicon circuit from the
sensing area enables lower cost than current silicon sensors of equivalent
performance, underlining the IDEX sensor's competitive advantage in the
market.

Cypress will promote the fingerprint sensor solution alongside touchscreen
applications and supply the sensor products to major handset vendors in the
mobile market, leveraging Cypress's established first-tier channels and mass
production capabilities. Cypress serves numerous major markets, including
consumer, mobile handsets, computation, data communications, automotive,
industrial and military.

"Cypress is pleased to partner with IDEX to bring their innovative,
high-performance fingerprint recognition technology to our well-established
customer base in the mobile, wearables and Internet of Things markets," said
Hassane El-Khoury, Executive Vice President of the Programmable Systems
Division at Cypress. "This partnership will enable us to sell
fingerprint-sensing and touch-sensing solutions together to our customers,
building on our success with more than a billion capacitive touch controllers
shipped."

"I am extremely pleased with this significant agreement with Cypress. This
represents a key progression in IDEX's commercialisation strategy to capture
significant share in the rapidly expanding mass market for fingerprint
sensors," said Dr. Hemant Mardia, CEO of IDEX. "The partnership with Cypress
complements and enhances our existing modularization and software algorithm
partnerships. The partnership allows IDEX to deliver high-quality fingerprint
sensor solutions in high volumes to customers in multiple markets including
smartphone, tablets, wearables, identity cards and Internet of Things.
Cypress's leadership in semiconductor design, touchscreen knowhow and
excellence in high-quality manufacturing, combined with IDEX's unique sensors
will satisfy the demand for a new generation of fingerprint solutions for
mobile customers."

IDEX expects this partnership to realize additional sensor and royalty
revenues commencing in 2015. This will expand on the recent first-generation
touch and swipe sensor product launches which are sampling with multiple
customers for program insertion during the second quarter of 2014 with
volumes expected during the second half of 2014.

27 May 2014
IDEX ASA

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

About Cypress
Cypress delivers high-performance, mixed-signal, programmable solutions that
provide customers with rapid time-to-market and exceptional system value.
Cypress offerings include the flagship PSoC®
1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. Cypress
is the world leader in capacitive user interface solutions including
CapSense®
touch sensing, TrueTouch®
touchscreens and trackpad solutions for notebook PCs and peripherals. Cypress
is a world leader in USB controllers, which enhance connectivity and
performance in a wide range of consumer and industrial products. Cypress is
also the world leader in SRAM and nonvolatile RAM memories. Cypress serves
numerous major markets, including consumer, mobile handsets, computation,
data communications, automotive, industrial and military. Cypress trades on
the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress
online atwww.cypress.com.

Cypress, the Cypress logo, PSoC, CapSense and TrueTouch are registered
trademarks of Cypress Semiconductor Corp. All other trademarks are property
of their owners.

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

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

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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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