IDEX Biometrics receives volume production order as IDEMIA accelerates biometric payment card expansion

16 Nov 2022 07:48 CET

Oslo, Norway - 16 November 2022 - IDEX Biometrics ASA has received a volume
production order from its partner IDEMIA, representing the largest order to date
for IDEX TrustedBio sensors. The order represents more than USD 2 million in
revenue for IDEX and will begin shipping in Q1 2023. IDEX and IDEMIA are seeing
market acceleration for biometric payment cards, and in early November the two
companies announced a full-scale biometric card program by a major bank in the
UAE. IDEX Biometrics has also recently confirmed agreements with issuers in
Turkey and in the UK for biometric card programs, anticipated to reach markets
in the first half of 2023.
"This order from our partner IDEMIA reflects the increasing demand for biometric
payment cards powered by IDEX Biometrics TrustedBio technology. IDEMIA has come
to market with a superior solution which is gaining traction as banks begin to
launch large-scale biometric card programs globally", comments Vince Graziani,
CEO of IDEX Biometrics.

For further information contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com (mailto:marianne.boe@idexbiometrics.com)
Tel: + 47 918 00186


About IDEX Biometrics

IDEX Biometrics (OSE: IDEX and Nasdaq: IDBA) is a leading provider of
fingerprint identification technologies offering simple, secure, and personal
authentication for all.  We help people make payments, prove their identity,
gain access to information or unlock devices with the touch of a finger. We
invent, engineer, and commercialize these secure, yet incredibly user-friendly
solutions. Our total addressable market represents a fast growing multi-billion-
unit opportunity.

For more information, visit www.idexbiometrics.com
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TRADEMARK STATEMENT
IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX
Biometrics ASA. All other brands or product names are the property of their
respective holders.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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