Validation of IDEX's unique fingerprint sensor patent license with Apple and AuthenTec

Mon May 13, 2013 2:33am EDT

* Reuters is not responsible for the content in this press release.

 

Press release

Validation of IDEX's unique fingerprint sensor patent license with Apple and AuthenTec

Oslo, Norway, 13 May 2013: IDEX has previously announced that through a legal process in 2007, IDEX was granted a license to certain key patents at that time owned by the fingerprint sensor company UPEK Inc. The patent rights of UPEK have later been assigned to AuthenTec Inc. which was acquired by Apple Inc. last year.

Apple and AuthenTec have now verified IDEX's Licensing Agreement, through a notice of so-called "recordal" of the license to key patents in the field of fingerprint sensing. The License Agreement has been recorded by the United States Patent and Trademark Office sanctioning that IDEX maintain its licensed rights to important, early patents for fingerprint sensors.

IDEX holds key early fundamental patents within the fingerprint sensor industry which places IDEX in an influential position to exploit the mass market potential of this technology for secure ID. IDEX has, since 1997, been a pioneering company in the field of capacitive fingerprint sensing technology, and owns and controls the earliest, basic patents for low cost fingerprint sensors. This license reinforces the Company's leading patent position, which in our assessment is the strongest IP portfolio in the fingerprint sensor industry besides Apple/AuthenTec.

www.idex.no

Press contact
Inge Berge, VP Business Development and IR, +47 9326 8836, inge.berge@idex.no

About IDEX
IDEX ASA 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). For more information, please visit www.idex.no or contact IDEX at mailbox@idex.no




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: IDEX ASA via Thomson Reuters ONE

HUG#1701055
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.