The FingerQ is a smart biometric device security system consisting of a range of mobile peripherals and a proprietary secure software solution.
Further to the initial volume order for fingerprint sensors in January 2014 placed by WWTT on IDEX, WWTT and IDEX have collaborated to design in the IDEX fingerprint sensor into the FingerQ product line. This is expected to underpin volume shipments in second half of 2014.
“This fingerprint sensor solution offers enhanced user experience in a small form factor and is ideal for integration into the FingerQ biometric security system,” said Dr. Hemant Mardia, CEO of IDEX. “We are pleased to be integral to this showcase launch by WWTT.”
Apple’s release of its Touch ID technology in the iPhone 5S in September 2013 and Samsung’s recent addition of fingerprint sensors in their flagship Galaxy 5 is driving fingerprint technology into high demand, and the market is expected to show phenomenal growth. IDEX has seen a substantial increase in interest from Global OEMs in the last quarter.
FingerQ products will be showcased at exhibition booth N2A30 at the Mobile Asia Expo 2014 at the Shanghai New International Expo Centre (SNIEC) in Pudong, Shanghai, China 11-13 June 2014.
About World Wide Touch Technology (“WWTT”)
World Wide Touch Technology (Holdings) Limited (“WWTT”) was incorporated in 2009. WWTT (wwtt.hk) and its subsidiaries (the “WWTT Group”) are principally engaged in the manufacturing of a range of high-technology products; trading and providing services with respect to automation-related equipment; and strategic investment and development in technologies mainly relating to biometric security, high-speed wireless data transmission and communications.
Since July 2013, the WWTT Group has expanded biometric service offerings and launched the world’s first biometric fingerprint privacy protection platform and devices FingerQ and PrivacQ to strengthen its position as the leading provider of patented biometric security solutions.
With a vision to become the purveyor “life technologies” that facilitate and improve the daily lives of the users, the WWTT Group strives to employ cutting-edge technologies in its products and implement strategic development plans in an effort to promote the diversification of its product mix, as well as to enlarge its market share.
WWTT has been listed on The Stock Exchange of Hong Kong Limited since 15 December 2010.
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 is a Norwegian public company listed at the Oslo Axess marketplace on the Oslo Børs (Oslo stock exchange). For more information please contact IDEX at mailbox[.]idex.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.