IDEX Biometrics receives production order for IDEX Pay as Beautiful Card Corporation is granted Mastercard Letter of Approval

17 Jun 2024 11:15 CEST

Oslo, Norway, and Taipei, Taiwan 17 June 2024 - IDEX Biometrics has received a
production order from Beautiful Card Corporation (BCC), in support of bank
launches in Asia. BCC has obtained the Letter of Approval (LoA) from Mastercard
for its biometric payment card built on the IDEX Pay platform, allowing the
issuance and deployment of biometric cards globally.

With an annual production of 121 million payment cards(1), BCC is one of the top
10 smart card manufacturers globally, specialized in the manufacturing,
personalizing, and packaging of payment and multiple-application cards. IDEX Pay
based biometric smart cards complete BCC's offering of eco sustainable card
solutions in Asia and globally.

"We are excited about this approval as we are accelerating our biometric payment
and access card focus through our deepened collaboration with IDEX Biometrics,
shifting to and scaling IDEX Pay based biometric cards. With our global client
portfolio and ecosystem partners, we deliver more seamless and secure customer
experiences, meeting the growing demand from consumers," stated Shellen Hsu,
Global Vice President, Sales and Business Development of BCC.

"We are committed to meeting the growing demand for biometric payment cards in
Asia, and BCC is an ideal partner with a very strong customer portfolio of
banks, corporates and governments as well as being a trusted partner for many of
the world's leading card manufacturers," said Catharina Eklof, Chief Commercial
Officer of IDEX Biometrics."

(1 )Source: Nilson Report

For further information contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
(https://www.globenewswire.com/Tracker?data=rkgcatcBoWPEMgWuMjJo7UeqmFaUP-
2q6NdVnf7hWAs1jVoHGnVyzdNlgXpm8DaLAGQ066AJ95NTspNt6j-
MMm91y4hkYP8oVC7ciqbdzHyxkRXEotoTYvjHybr0WJrP)Tel: + 47 918 00186

About IDEX Biometrics

IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint
biometrics, offering authentication solutions across payments, access control,
and digital identity. Our solutions bring convenience, security, peace of mind
and seamless user experiences to the world. Built on patented and proprietary
sensor technologies, integrated circuit designs, and software, our biometric
solutions target card-based applications for payments and digital
authentication. As an industry-enabler we partner with leading card
manufacturers and technology companies to bring our solutions to market.

For more information, visit www.idexbiometrics.com
(https://www.globenewswire.com/Tracker?data=BH-L2BSyLxkXYAc-Va1tCwihBe7E8h6-
7E68b-g2VDjyYnc2Hp4_Z1fD9Zhy5zgCva4Dek2W4Jlz0YeUo19_R5v5ld5Dc1jUvA0tRRsS-lQ=)

About Beautiful Card Corporation

With 32 years of experience in the smart card industry, BCC is a leading smart
card manufacturer globally. Headquartered in Taoyuan, Taiwan, BCC is a
Taiwanese-owned, GSMA SAS-certified, VISA, Mastercard and JCB-certified company
with a global strength and local support. Since BCC's founding, they have been
developing new technology in the card industry as well as continuously putting
efforts into the innovation and improvement of all sorts of cards. It is an eco-
sustainable material provider that has compliance with RoHS, REACH, HF, CP65,
ETSI, etc.

For more information, visit https://www.beautifulcard.com

TRADEMARK STATEMENT

IDEX, 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.

About this notice

This notice discloses inside information pursuant to the EU Market Abuse
Regulation and was issued by Erling Svela, Vice president of finance, on 17 June
2024 at 11:15 CET on behalf of IDEX Biometrics ASA. The notice is published in
accordance with section 5-12 the Norwegian Securities Trading Act.

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