Norwegian fingerprint sensor firm IDEX has reported that revenues reached NOK 38.6 million ($4.6 million) last year, up from NOK 0.3 million in 2015.In the fourth quarter of 2016, the revenues amounted to NOK 12.5 million, up from 0.2 million in the corresponding period of 2015.In a year-end statement, the firm said an ongoing biometric smartcard programme with strategic eco-system partners is “making significant progress”.”During the fourth quarter of 2016, IDEX`s global payments partner has completed several trials internally. Following this, end-customer trials have commenced in the first quarter of 2017. ߪ In addition, IDEX`s has had a good momentum in the mobile market during the fourth quarter of 2017, with multiple design wins and launches of new handsets featuring its fingerprint sensor.”In the first quarter of 2017, IDEX launched its next generation ASIC platform for off-chip touch sensors.The company added that it is also continuously strengthening its organisation to adapt to the rapidly “evolving” market for fingerprint sensors.”During the fourth quarter, the company has attracted and employed several key technical hires to accelerate product development, specifically in prioritised areas such as card development and mobile display integration”.”Going forward, IDEX expects its commercial traction to continue with several key upcoming milestones across the company`s target markets. “IDEX expects the card programme to move into the formal certification process, and then become available for mass production starting in the second half of 2017.In parallel, IDEX expects to launch the industry leading contactless card touch sensor during the second quarter of 2017, which can function without requiring an extra battery or supercapacitor.
IDEX releases fourth quarter, year-end results
