Commercialising in 2016
29 Feb 16
IDEX reported its FY 2015 results last Friday. The operating milestones achieved during the year show the significant strides made to transform a development company that has industry-leading intellectual property and know-how into a commercial enterprise. The milestones delivered particularly in the last 2-3 quarters point to an exciting year ahead of commercialisation with volume shipments across different product lines underscoring the group’s progress across the three mass markets of mobile devices, ID & smart cards and the Internet of Things. It has a very strong balance sheet ($87m of cash, no debt) that can support its expanding organisation to address customer demand across its markets. We believe prospects remain very exciting given the limited number of players that can truly exploit the global opportunity in each of its addressable markets.
Significant step in unlocking smartcards market
29 Jun 15
In our research published 11 Feb 2015 (“2015: A Pivotal Year), we highlighted that IDEX is one of a small number of independent vendors with core IP to address the emerging significant opportunity for fingerprint sensors in the consumer market. This includes the non-Apple mobile market, the ID and Smartcards market, and the Internet of Things. Today’s announcement of a strategic partnership with an undisclosed global payments company for the development of a worldwide biometric payment card programme is a strong validation of IDEX’s technology and is an important milestone in opening up one of the key mass markets for its technology.