Oslo, Norway – 31 January 2017 – IDEX, a leading developer of advanced fingerprint solutions for mass markets, has entered into an agreement with Paragon Technical to serve as the company’s sales representative in Northern California and Northern Nevada.
“We are experiencing significant demand for fingerprint sensor solutions in increasing applications. To ensure that we can tap into this great potential across our core markets we have chosen to partner with Paragon Technical, a sales agent with a solid industry track record and a deep technology understanding, especially with technology companies based in and around Silicon Valley. Paragon Technical has a large team of dedicated account managers with strong relationships with many of these companies and is therefore the perfect partner for us in this area”, said Dr. Hemant Mardia, CEO of IDEX. “This partnership with Paragon for the key US regions expands the reach of our direct sales team which has been focussed on the Asia market”.
“We are very excited to partner with IDEX and get fingerprint sensors into our portfolio. The market for biometric authentication is growing fast and we see strong interest from our customers in IDEX’s products”, said Phil Kumin, Managing Partner at Paragon Technical.
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.