Oslo, Norway, 15 February 2017 – IDEX, a leading developer of advanced fingerprint solutions for mass markets, has entered into an agreement with Comtech, one of the largest providers of electronic components and solutions in China. Following this agreement, Comtech will serve as an additional distribution channel for IDEX in China. Comtech has placed its first orders for IDEX fingerprint sensors.
“The Chinese market for fingerprint sensors is large and growing. This partnership ensures that we have sufficient presence and logistical capacity in this important market, as well as enabling our direct sales team in China to be even more efficient in fulfilling customer orders,” said Dr. Hemant Mardia, CEO of IDEX.
“We are very pleased to partner with IDEX in China. The demand for fingerprint sensors is growing significantly and expanding from smartphones to other market segments such as IoT and smart cards. IDEX’s unique silicon and off-chip sensing solutions will have a lot of potential in this market”, said Jeffrey Kang, Chairman and CEO at Comtech.
For more information about Comtech, visit: www.comtech.com.cn/en
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck(at)idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idex.no
IDEX develops and sells advanced fingerprint sensor technology and products. The company’s technology is used in a range of biometrically enabled applications within three core markets: Mobile, Smart Cards and Internet of Things (IoT). IDEX’s addressable market represents a fast-growing multi-billion unit opportunity.
IDEX’s technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.
For more information, please visit www.idex.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.