Arbitration decision in favour of IDEX Biometrics

28 Jan 2025 10:05 CET

In the Prospectus published by IDEX Biometrics ASA ("IDEX" or the "Company") on
13 November 2024, IDEX informed that the Company had requested arbitration at
the Oslo Chamber of Commerce concerning a receivable from a customer who had not
yet paid. Zwipe AS ("Zwipe"), the customer in question, disclosed in its
prospectus dated 4 December 2024 that it was in arbitration regarding a warranty
dispute with IDEX related to the delivery of parts communicated in its annual
report 2023 and that the total dispute amount was around NOK 7.1 million.

The Oslo Chamber of Commerce has on 27 January 2025, rendered its decision on
the matter, which is a final resolution of the dispute. Zwipe has been ordered
to pay USD 702,000 excl. VAT to lDEX plus late payment interest. The warranty
counterclaim from Zwipe was dismissed in its entirety. Zwipe was further ordered
to compensate IDEX for its legal costs, and pay for the full arbitration costs.

Zwipe shall pay IDEX the receivable and the award of legal fees within 14 days
from the date of the decision.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5 -12 of the Norwegian Securities Trading
Act. This stock exchange release was published by Marianne Bøe, Head of Investor
Relations on 28 January 2025 at 10:05 (CET).


For further information contact:
Marianne Bøe, Head of Investor Relations, +47 91800186
Kristian Flaten, CFO, +47 95092322
E-mail:ir@idexbiometrics.com
(mailto:ir@idexbiometrics.com)


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
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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.

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