Trustonic and IDEX ASA partner to provide secure biometric fingerprint sensor solutions to smart mobile devices

IDEX ASA (OSE:IDEX), a leader in high performance fingerprint sensors, announced today that it has entered into a partnership with Trustonic, the leading provider of Trusted Execution Environments (TEEs) for smart devices. IDEX and Trustonic will collaborate to integrate IDEX’s next generation fingerprint sensors and driver software with Trustonic TEE, delivering a secure on-device biometric authentication experience as IDEX commercializes its products for smart devices in 2015.

IDEX and Trustonic will collaborate to integrate IDEX’s next generation fingerprint sensors and driver software with Trustonic TEE, delivering a secure on-device biometric authentication experience as IDEX commercializes its products for smart devices in 2015.

With the explosive adoption of smart mobile devices of all kinds, consumers, enterprises, wireless carriers, service providers, and OEMs are demanding  a higher level of security on devices. As Trustonic’s TEE technology is embedded in over 300m smart connected devices, the joint effort will provide hardware enabled biometric authentication experience with the advantage of reduced integration time for OEMs to launch their smart phones and tablet devices integrated with IDEX’s fingerprint sensors.

Fingerprint sensors provide a convenient replacement for pins and passwords, and pave the way for user-friendly secure authentication in a variety of applications in both consumer and enterprise markets. “There is a massive demand for secure biometric solutions for the mobile industry. With the Trustonic partnership, IDEX will be able to combine its high quality sensors with  hardware enabled device security,” said IDEX CEO, Dr Hemant Mardia. “In our strong activity with customers we see that the demand for hardware based trusted and secure high performance solution is increasing as fingerprint sensors become a cornerstone for mobile payment transactions”.

Trustonic CEO, Ben Cade said: “As users and service providers alike start to adopt biometric authentication to access  mobile applications and services, the need to ensure secure storage and transactions is clear and present. Trustonic’s widely deployed TEE technology, coupled with IDEX’s industry leading fingerprint sensors, will provide a highly trusted security solution on mobile devices for biometric authentication.”

About IDEX

IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of more than 20 patent families including more than 200 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product 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 commercializing the products.

IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & Smart Cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.

IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Axess market place on the Oslo Børs (Oslo stock exchange). For more information, please visit www.idex.no or contact IDEX at mailbox@idex.no

For more information on IDEX please contact:

Hemant Mardia, CEO, +44 7788 922 171, hm(at)idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idex.no

IDEX ASA

Web: www.idex.no
Twitter: http://www.twitter.com/idexasa
LinkedIn: http://www.linkedin.com/company/idex-asa