IDEX tells investors mobile, IoT, biometrics market has ‘billion unit potential’

August 23, 2017 - 

IDEX ASA made a pitch to investors and analysts at the DNB Nordic Telecom, Media and Technology (TMT) Conference in Oslo.

In his presentation, IDEX CFO Henrik Knudtzon discussed opportunities in the mobile, Internet of Things, and biometric smartcards market, which he claimed offers a combined “billion unit potential”.

The company’s focus on the emerging biometric smartcard market was also discussed in IDEX’s recent quarterly report, hinting that it could soon fulfill significant market potential.

IDEX highlighted the quality and cost advantages of its off-chip sensor technology, while pointing out that Synaptics is the only competitor that shares the company’s unique technological approach.

The presentation also mentioned IDEX’s expert leadership team, its debt-free balance sheet with US$50 million on hand, and its portfolio of 221 granted and pending patents.

The company is expected to make a similar pitch at J.P. Morgan Small/Mid Cap CEO Conference in London on September 12, which will feature the participation of IDEX’s executive leadership.

IDEX executive management, will also participate at the financial conference.

Earlier this month, IDEX ASA issued its interim report for the first half of 2017 which reveals revenues of NOK 4.7 million (US$590,000 million) in Q2 2017 and NOK 11.5 million (US$1.5 million) in H1 2017.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.