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IDEX Enters Into A Strategic Agreement for Next Generation Fingerprint Sensors - IDEX enters into a strategic agreement for next generation fingerprint sensors with leading capacitive touch-sensing interface supplier Cypress Semiconductor Corporation - Cypress.com / IDEX.no
IDEX Enters Into A Strategic Agreement for Next Generation Fingerprint Sensors

 

PRZOOM - /newswire/ - Oslo, Norway, 2014/05/27 - IDEX enters into a strategic agreement for next generation fingerprint sensors with leading capacitive touch-sensing interface supplier Cypress Semiconductor Corporation - Cypress.com / IDEX.no. OSE: IDEX

   
 
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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.

About Cypress
Cypress (cypress.com) 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.

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 (idex.no) 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).

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

 
 
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IDEX Enters Into A Strategic Agreement for Next Generation Fingerprint Sensors

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Contact: Hemant Mardia - IDEX.no 
+44(0)77 8892 2171 mailbox[.]idex.no
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any IDEX ASA securities in any jurisdiction including any other companies listed or named in this release.

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