IDEX Biometrics ASA - Update on Arbitration Award

18 Feb 2025 08:50 CET

Reference is made to the announcement by IDEX Biometrics ASA ("IDEX") on 28
January 2025 regarding the arbitration decision on 27 January 2025 on the
dispute between IDEX and Zwipe AS ("Zwipe"), whereby the arbitrator held in
favor of IDEX on all counts. The due date for payments by Zwipe was 14 days from
the date of the arbitration decision.

Following such due date, because of Zwipe's financial situation, as communicated
by Zwipe on Euronext Oslo Børs, IDEX has engaged in discussions with Zwipe about
a payment plan for the arbitration award. However, such discussions effectively
ended when Zwipe on 17 February 2025 announced that it will file for bankruptcy
with the Oslo District Court.

While Zwipe has paid the arbitration costs, Zwipe has made no payment to IDEX in
compliance with the arbitration award.

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 18 February 2025 at 08:50 CET.

For further information contact:
Marianne Bøe, Head of Investor Relations, +47 91800186
Kristian Flaten, CFO, +47 95092322
E-mail: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
(http://www.idexbiometrics.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.

More information:
Access the news on Oslo Bors NewsWeb site