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Tuesday, 8 August 2017

IDEX launches ultra-compact matcher algorithm optimized for biometric cards

IDEX ASA    

Published: 08:30 CEST 08-08-2017 /GlobeNewswire /Source: IDEX ASA / : IDEX /ISIN: NO0003070609

IDEX launches ultra-compact matcher algorithm optimized for biometric cards

Oslo, Norway, 7 August 2017 - IDEX, a leading developer of advanced fingerprint solutions for mass markets, today introduced a new proprietary matcher algorithm for next generation biometric cards. The patented algorithm was specifically designed to deliver a step-function improvement in performance for applications with acute power, processing and memory limitations. The matcher is ideal for biometric cards and completes IDEX's turn-key system solution for cards.

 

"We are proud to introduce our new, patented matcher specifically designed for biometric card applications. Building on the algorithm IDEX acquired in late 2014, the matcher represents the product of nearly two decades of combined development and optimization," commented Dr. Hemant Mardia, CEO of IDEX. "Although many matching algorithms exist for mobile phones, these matchers rely on the substantial power and processing available in handset applications. These resources are extremely limited in card applications, requiring a matching algorithm to be highly efficient. IDEX's new matcher is ultra-compact and delivers excellent performance in user testing. Combined with our flexible off-chip fingerprint sensor, IDEX is able to offer a complete turn-key system solution for biometric cards."

 

The advanced IDEX matcher is designed for real world usability in card and IOT applications. The matcher is rotation insensitive and accepts partial touches. Combined with IDEX's sensors it provide a complete system solution. The solution has completed user testing with a low single digit percentage False Rejection Rate (FRR) at 1:50,000 False Acceptance Rate (FRR). The algorithm's uniquely efficient code and template size allow fast image processing, delivering a reliable, secure and seamless user experience.


IDEX
also recently launched a ground-breaking flexible, low power fingerprint sensor for use in contactless cards applications and standard NFC terminals. The company expects to market this sensor in combination with its advanced new matcher algorithm to customers during the second half of 2017.


Contact:
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idex.no
Henrik Knudtzon, CFO, +47 9302 2827, hk@idex.no

Twitter: http://www.twitter.com/idexasa

About IDEX
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: Smart cards, mobile, 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.




This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: IDEX ASA, Martin Linges vei 25, Fornebu NO-1364, Norge
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