Northbrook, IL, United States
Northbrook, IL, United States

IDEX Corporation, based in Lake Forest, Illinois, is a publicly traded company engaged in the development, design, and manufacture of fluidics systems and specialty engineered products. IDEX Corporation's products, which include pumps, clamping systems, flow meters, optical filters, powder processing equipment, hydraulic rescue tools, and fire suppression equipment, are used in a variety of industries ranging from agriculture to semiconductor manufacturing. The company's name is an acronym of "Innovation, Diversity, and Excellence." Business units include: Fluid & Metering Technologies Health & Science Technologies Dispensing Equipment Fire & Safety / Diversified Products Wikipedia.

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Grant of incentive subscription rights The board of directors of IDEX ASA resolved on 12 May 2017 to issue 1,375,000 subscription rights to new employees and individual contractors in the company. The grant was made under the 2017 incentive subscription rights plan as resolved at the annual general meeting on 12 May 2017. The exercise price of the subscription rights is NOK 8.42 per share. 25 per cent of the subscription rights vest on 15 April 2018 and another 25 per cent vest on each anniversary from that date. The subscription rights expire on 12 May 2022. Furthermore, the Board resolved to extend the duration of 1,000,000 subscription rights granted in 2013, from 23 September 2017 until 16 May 2018. Exercise of incentive subscription rights The board of directors of IDEX ASA resolved on 12 May 2017 to issue 2,025,000 new shares to employees and individual consultants who have exercised subscription rights which were granted in 2013 and 2014 under the company's incentive subscription rights plans at the respective grant dates. The weighted average exercise price per share is NOK 1.29. IDEX shares as board remuneration The annual general meeting of IDEX on 12 May 2017 resolved that the board members could elect to receive all or part of the board remuneration in the form of shares in IDEX; that the number of shares shall correspond to a value of 133 per cent of the NOK amount of board remuneration taken in shares; that the board member must pay a subscription price per share equal to the par value of the share, being NOK 0.15; and that the shares are locked up for one year from the date of the annual general meeting. Three board members took full or part of the board remuneration in shares, and 115,350 new shares will be issued when the share capital has been paid in. Share capital after the above Following the issue of the new shares to employees and board members, the company's share capital will be NOK 81,357,465.75 divided into 542,383,105 registered shares each with a nominal value of NOK 0.15. Following the grant and exercise there will be 20,760,000 incentive subscription rights outstanding. 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: Smartcards, 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.


News Article | May 12, 2017
Site: globenewswire.com

IDEX at the forefront of large-scale market opportunity for biometric cards Oslo, Norway, 12 May 2017 - IDEX, a leading developer of advanced fingerprint solutions, is experiencing strong momentum towards commercialisation of its sensor solutions for cards. On 20 April, Mastercard unveiled their next generation biometric card, featuring IDEX's flexible off-chip fingerprint sensor. Dr. Hemant Mardia, CEO of IDEX commented, "We are extremely pleased to be partnering with global pioneers in the development of safe and secure transaction environments for consumers across the world. Our end-to-end partnership has achieved first mover advantage in the mass market for biometric cards, which represents a billion unit opportunity." Mastercard recently concluded two end-user trials in South Africa with Pick n Pay, a leading supermarket retailer, and Absa Bank, a subsidiary of Barclays Africa. The trials included employees from Pick n Pay and Absa Bank to test the potential ways convenience and security could contribute to the checkout process. The employees performed live transactions with the biometric cards using existing payment infrastructure, and the results were very positive. In the coming months, additional trials will be conducted with the biometric card in Europe and in Asia Pacific. Following the trials, the card will undergo a final certification process and a full roll out is expected later in 2017. "The opportunity for biometric cards is vast - potentially larger than the mobile market. We are already receiving a great deal of interest from a range of customers", said Dr. Hemant Mardia, CEO of IDEX. "Many people think about payment cards only as the major target market. However, this is one of several attractive verticals. In addition to the 3 billion smart payment cards shipped annually there are large scale opportunities within financial inclusion (i.e. connecting populations without access to banking to payment services), identification, access control and other verticals. These opportunities have billion unit potential." IDEX's off-chip technology enables a thin and bendable sensor consisting of a low-cost flexible polymer, compliant with ISO standards for long-term durability, making it uniquely suited for smart card integration and standard card mass production processes. Leveraging on this flexible technology, IDEX has recently developed a sensor for contactless cards. The new sensor is expected to be sampling in the second quarter of 2017 and to be ready for production in the second half of 2017. The completion of the new ASIC incorporated in this sensor was a significant strategic milestone for IDEX. The opportunity for fingerprint sensors in biometric cards is the priority focus for IDEX. The company is investing significant resources in building its team, accelerating product development and technology innovation, and expanding its ecosystem partnerships to sustain its leadership position. 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: Mobile, Smart Cards 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.


News Article | May 10, 2017
Site: globenewswire.com

IDEX ASA will release its first quarter 2017 report on Friday 12 May 2017. The company will holds its annual general meeting (AGM) at 09:00 CEST at the Vika Atrium Conference Centre in Oslo. Following the close of the AGM, IDEX's CEO Dr. Hemant Mardia and CFO Henrik Knudtzon will present the results and a business review starting at or after 09:30 CEST. The presentation will include information about the company's biometric card programme with Mastercard. The presentation will be broadcasted live and is available at this link: IDEX webcast Q1 2017 IDEX's interim report for the first quarter 2017 will be available for download from the company's website www.idex.no and the Oslo Børs, www.newsweb.no at 08:00 CEST on Friday 12 May 2017. 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: Smartcards, 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.


News Article | May 12, 2017
Site: globenewswire.com

IDEX at the forefront of large-scale market opportunity for biometric cards Oslo, Norway, 12 May 2017 - IDEX, a leading developer of advanced fingerprint solutions, is experiencing strong momentum towards commercialisation of its sensor solutions for cards. On 20 April, Mastercard unveiled their next generation biometric card, featuring IDEX's flexible off-chip fingerprint sensor. Dr. Hemant Mardia, CEO of IDEX commented, "We are extremely pleased to be partnering with global pioneers in the development of safe and secure transaction environments for consumers across the world. Our end-to-end partnership has achieved first mover advantage in the mass market for biometric cards, which represents a billion unit opportunity." Mastercard recently concluded two end-user trials in South Africa with Pick n Pay, a leading supermarket retailer, and Absa Bank, a subsidiary of Barclays Africa. The trials included employees from Pick n Pay and Absa Bank to test the potential ways convenience and security could contribute to the checkout process. The employees performed live transactions with the biometric cards using existing payment infrastructure, and the results were very positive. In the coming months, additional trials will be conducted with the biometric card in Europe and in Asia Pacific. Following the trials, the card will undergo a final certification process and a full roll out is expected later in 2017. "The opportunity for biometric cards is vast - potentially larger than the mobile market. We are already receiving a great deal of interest from a range of customers", said Dr. Hemant Mardia, CEO of IDEX. "Many people think about payment cards only as the major target market. However, this is one of several attractive verticals. In addition to the 3 billion smart payment cards shipped annually there are large scale opportunities within financial inclusion (i.e. connecting populations without access to banking to payment services), identification, access control and other verticals. These opportunities have billion unit potential." IDEX's off-chip technology enables a thin and bendable sensor consisting of a low-cost flexible polymer, compliant with ISO standards for long-term durability, making it uniquely suited for smart card integration and standard card mass production processes. Leveraging on this flexible technology, IDEX has recently developed a sensor for contactless cards. The new sensor is expected to be sampling in the second quarter of 2017 and to be ready for production in the second half of 2017. The completion of the new ASIC incorporated in this sensor was a significant strategic milestone for IDEX. The opportunity for fingerprint sensors in biometric cards is the priority focus for IDEX. The company is investing significant resources in building its team, accelerating product development and technology innovation, and expanding its ecosystem partnerships to sustain its leadership position. 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: Mobile, Smart Cards 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.


News Article | May 10, 2017
Site: globenewswire.com

By the close of business on 10 May 2017, Chairman of the Board of Directors of IDEX ASA, Mr. Morten Opstad, has received powers of attorney to vote for a total of 59.92 per cent of the share capital and voting rights of the company at IDEX's annual general meeting to be held on 12 May 2017. Mr. Opstad has received powers of attorney without voting instructions for 12.39 per cent of the share capital. Mr. Opstad and his close associates hold or control 6,989,196 shares, representing 1.29 per cent of the share capital. In sum, Mr. Opstad therefore controls 13.69 per cent of the share capital at the company's upcoming AGM. In addition, Mr. Opstad has received powers of attorney containing voting instructions for a total of 46.24 per cent of the share capital. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 15, 2017
Site: globenewswire.com

IDEX ASA issues this notice on behalf of the primary insiders below. Following the annual general meeting of IDEX on 12 May 2017, board members Deborah Davis, Hanne Høvding and Andy MacLeod elected to receive part or full board remuneration in shares. Board member Deborah Davis will acquire 47,404 shares for which she will pay a subscription price of NOK 0.15 per share, instead of receiving a cash board remuneration of NOK 300,000. After this transaction, Ms Davis will hold 95,891 shares and no other rights to shares in IDEX. Board member Hanne Høvding will acquire 31,603 shares for which she will pay a subscription price of NOK 0.15 per share, instead of NOK 200,000 of the board remuneration. Ms Høvding will take the remainder of the board remuneration in cash. After this transaction, Ms Høvding will hold 397,665 shares and no other rights to shares in IDEX. Board member Andrew James Macleod will acquire 36,343 shares for which he will pay a subscription price of NOK 0.15 per share, instead of NOK 230,000 of the board remuneration. Mr MacLeod will take the remainder of the board remuneration in cash. After this transaction, Mr MacLeod will hold 451,800 shares and 500,000 incentive subscription rights in IDEX. 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: Smartcards, 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.


News Article | May 8, 2017
Site: www.prnewswire.com

·         The peristaltic pumps market is expected to grow at a CAGR of 6.8% during forecast period. ·         The peristaltic pumps market is projected to reach USD 467.5 million by 2021, at a CAGR of 6.8% from 2016 to 2021. ·         The inner surface of the tube or the hose is the only contact area between the pump and the fluid, thereby resulting in limited probability of contamination. ·         The peristaltic tube pump segment is projected to lead the peristaltic pumps market. ·         Based on end-use industry, the pharmaceuticals industry is projected to grow at the highest CAGR during the forecast period. ·         The peristaltic pumps market in the Asia-Pacific region is projected to grow at the highest CAGR from 2016 to 2021, owing to the increasing demand for peristaltic pumps from varied end-use industries, such as pharmaceuticals, food & beverages, chemical processing, and water & wastewater treatment, among others. "The peristaltic pumps market is expected to grow at a CAGR of 6.8% during forecast period" The peristaltic pumps market is projected to reach USD 467.5 million by 2021, at a CAGR of 6.8% from 2016 to 2021. Peristaltic pumps maintain the sterility of the liquid or slurry that is being transported. The inner surface of the tube or the hose is the only contact area between the pump and the fluid, thereby resulting in limited probability of contamination. Hence, these pumps are increasingly utilized in the food & beverages and pharmaceuticals industries. In addition, slow industrialization in the North American and European regions and lack of Greenfield investments acts as restraining factors impacting the growth of the peristaltic pumps market. "The peristaltic tube pump segment is projected to lead the peristaltic pumps market" The peristaltic tube pump segment is projected to witness high growth during the forecast period. Peristaltic tube pumps are used for effective transfer of corrosive liquids and fluids containing suspensions of abrasive solids. This type of peristaltic pump is widely utilized for dosing and chemical injection applications. In peristaltic tubing pumps, the tube is the only material that is in contact with the fluid, and thus, it limits the probability of contamination. "The pharmaceuticals industry is the fastest-growing end-use industry segment of the peristaltic pumps market" Based on end-use industry, the pharmaceuticals industry is projected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increase in R&D capabilities of biotech and pharmaceutical industries. In addition, the growth of pharmaceuticals industry and expansion of its production facilities are further contributing to the growth of the peristaltic pumps market in the pharmaceuticals industry during the forecast period. "Asia-Pacific is anticipated to be the fastest-growing market for peristaltic pumps" The peristaltic pumps market in the Asia-Pacific region is projected to grow at the highest CAGR from 2016 to 2021, owing to the increasing demand for peristaltic pumps from varied end-use industries, such as pharmaceuticals, food & beverages, chemical processing, and water & wastewater treatment, among others. Among all countries in the Asia-Pacific region, the peristaltic pumps market in China is expected to grow at the highest CAGR during the forecast period, followed by India and Japan. Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research. The break-up of primary interviews is given below: - By Company Type - Tier 1 – 37%, Tier 2 – 50%, and Tier 3 – 13% - By Designation - C Level – 50%, Director Level – 31%, and Others – 19% - By Region - North America – 31%, Europe – 38%, Asia-Pacific– 25%, and RoW- 6% Key companies profiled in this market research report include Watson-Marlow Fluid Technology Group (U.K.), Verder Group (Netherland), ProMinent Dosiertechnik GmbH (Germany), Cole-Parmer Instrument Company, LLC (U.S.), Flowrox (Finland), Graco Inc. (U.S.), Wanner Engineering, Inc. (U.S.), IDEX Corporation (U.S.), and SEKO S.p.A. (Italy). Research Coverage: This research report categorizes the peristaltic pumps market on the basis of type, end-use industry, and region. The report includes detailed information regarding major factors influencing the growth of the peristaltic pumps market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of major industry players has been performed to provide insights on business overviews, products & services, and key growth strategies, such as expansions, mergers & acquisitions, new product developments, and agreements, among others. Reasons to Buy the Report The report will help market leaders/new entrants in this market in the following ways: 1. This report segments the peristaltic pumps market comprehensively, and provides the closest approximations of market sizes for the overall market and subsegments across varied regions. 2. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities. 3. This report will help stakeholders understand major competitors and gain insights to enhance their business prospects. The competitive landscape section includes expansions, acquisitions, and new product developments. Read the full report: http://www.reportlinker.com/p04880603/Peristaltic-Pumps-Market-by-Type-End-Use-Industry-and-Region-Global-Forecast-to.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-peristaltic-pumps-market-is-expected-to-reach-usd-4675-million-by-2021-300453625.html


News Article | May 10, 2017
Site: globenewswire.com

By the close of business on 10 May 2017, Chairman of the Board of Directors of IDEX ASA, Mr. Morten Opstad, has received powers of attorney to vote for a total of 59.92 per cent of the share capital and voting rights of the company at IDEX's annual general meeting to be held on 12 May 2017. Mr. Opstad has received powers of attorney without voting instructions for 12.39 per cent of the share capital. Mr. Opstad and his close associates hold or control 6,989,196 shares, representing 1.29 per cent of the share capital. In sum, Mr. Opstad therefore controls 13.69 per cent of the share capital at the company's upcoming AGM. In addition, Mr. Opstad has received powers of attorney containing voting instructions for a total of 46.24 per cent of the share capital. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Patent
IDEX Corp | Date: 2012-11-12

Rotary vane pumps include casings having asymmetrical cavities that accommodate a rotor. For a single pump chamber, one portion of the rotor abuts or nearly abuts the inner wall of the cavity at a single location while one portion of the rotor and the inner wall are not in contact with each other thereby defining a pump chamber. For a dual pump chamber embodiment, two diametrically opposed portions of the rotor abut or nearly abut the inner wall of the cavity while two portions of the rotor and inner wall are not in contact with each other thereby defining the two pump chambers. The two pump chambers are disposed on opposite sides of the minor axis of the cavity. The cavities of each pump are skewed so each pump chamber is larger in volume at the inlet end than at the outlet end.


Patent
IDEX Corp | Date: 2013-03-15

Pump assemblies are disclosed that have a magnetically driven pump-head subassembly and a pump-driver subassembly coupled thereto, wherein the pump-driver subassembly includes a pump-driver enclosure. The pump-head subassembly comprises a rotatable magnet contained in a magnet cup extending into the pump-driver enclosure. The pump-driver subassembly has a printed circuit board (PCB) in the pump-driver enclosure and a stator mounted to the PCB. The stator coaxially surrounds the magnet cup. The magnet cup has a distal-end wall. The printed circuit board includes a stator-driving circuit and at least one signal-processing circuit. The PCB defines a void relative to the distal-end wall that exposes at least half the distal-end wall. The pump-driver enclosure has an aspect ratio of no greater than one (unity).

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