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2016-02-17

IDEX ASA: IDEX Unveils World's First Flexible Touch Fingerprint Sensor for ISO Cards

IDEX ASA today announced that it has successfully completed development of a
flexible polymer touch sensor with image quality and performance criteria
specifically designed for smart and ID card applications. This world-first
touch sensor for ISO ID-1 form factor cards is in support of IDEX's ongoing
strategic partnership with a global payments company.

"For years the biometric security industry's challenge has been to a create
fingerprint touch sensor thin enough and flexible enough for the ISO ID-1
form factor, whilst also being durable enough to withstand the typical
use-case for a payment or smart card. The IDEX Flexible Touch Fingerprint
Sensor delivers this and produces the required image sensing quality and
biometric performance using a low-resource secure algorithm," said Dr. Hemant
Mardia, CEO of IDEX. "Leveraging IDEX's unique off-chip sensor design
architecture, I'm proud to say that IDEX has successfully turned this into a
reality. To be clear, the ability to seamlessly integrate a flexible,
low-cost polymer touch sensor into an industry standard card thickness of
only 0.76mm, and do so in a way that can be efficiently replicated in high
production volumes, is a significant technical achievement for IDEX's
research and development team. It also represents a major breakthrough for
the ID card industry and payments protection in particular. IDEX is working
with a top tier eco-system for producing and deploying this product in mass
volumes. The IDEX Flexible Touch Fingerprint sensor for cards is now
undergoing comprehensive programme of 'real world' function testing. We
expect the IDEX sensor to be integrated into cards as part of a pilot and
product qualification program with IDEX's global payments partner within the
coming months."

In June 2015 IDEX announced that it had entered into a strategic partnership
with an undisclosed global payments company for the development of a
worldwide biometric payment card program. The design and development of this
flexible polymer touch sensor enables compatibility with a standard, volume
card manufacturing processes to be deployed as part of tier-one bank,
smartcard and ID card ecosystems. IDEX expects initial volume shipments of
its fingerprint sensors for cards to commence in the second half 2016.

Contacts:

Henrik Knudtzon CFO, +47 9302 2827, henrik.knudtzon(at)idex.no

Hemant Mardia, CEO, +44 7788 922 171, hemant.mardia(at)idex.no

Web:
www.idex.no

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

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

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 and has recently announced a number of important OEM partnerships
and end user design wins.

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 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

-o-

This information is subject to 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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