Commercial production ramps for IDEX Biometrics’ authentication solutions

Oslo, Norway, 5 May 2020: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has received over USD 700,000 of production orders in 2020 through April. These include new and follow on orders from customers in Europe, Asia and the US for both payment and access control markets. These orders are expected to ship in the second and third quarters of 2020 and a regular flow of orders is expected to result in monthly shipments. 

Vince Graziani, CEO of IDEX comments: “Throughout 2019 and into early 2020, IDEX worked with these customers to test and qualify the IDEX solution for their specific application. In parallel, two partners invested in certifying our fingerprint sensor and matcher software with two different global payment networks. We are pleased to now be moving into the commercialization phase and beginning to ship production units to our customers.”

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

Derek D’Antilio, Chief financial Officer
E-mail: derek.dantilio@idexbiometrics.com   Tel: +1 197 827 31344

About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) 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, unlock devices or gain admittance to buildings 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 and follow on Twitter @IDEXBiometrics

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