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IDEX BIOMETRICS ASA: Biometric smart card production, with IDEX dual-interface sensor, reaches low-cost, mass production milestone

08:00 Oslo, Norway, 15 July 2019: IDEX Biometrics ASA, the leading provider of advanced fingerprint identification and authentication solutions, is pleased to confirm that one of its Asian customers has achieved cost-effective, mass production standards for biometric smart cards. This customer has established a strong reputation globally for their ability to manufacture and supply high-quality user authentication and transaction security solutions. Its customers range from financial institutions to governments and business enterprises. An initial production order has recently been placed with IDEX Biometrics to integrate its SmartFinger dual-interface sensor within a secure access biometric smart card. This highly durable, cost-effective biometric smart card shares identical manufacturing properties with biometric payment cards. The manufacturing line now has the maturity and capacity to quickly ramp production of biometric smart cards to millions of units, with very cost-effective, high-yield results. CEO of IDEX Biometrics, Stan Swearingen, adds: With the manufacturing standards achieved, and the capacity of the production line, I am confident that biometric smart cards are ready for mass production and volume delivery to customers. The ability to manufacture to these standards with our sensors will be a competitive differentiator for IDEX and will facilitate other card manufacturers around the world to follow. For further information contact: Stuart Hunt, Head of Investor Relations & Communications +44 (0)1276 534 632 About IDEX Biometrics IDEX Biometrics ASA (OSE: IDEX) is the 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 https://www.globenewswire.com/Tracker?data=FFh9mW0k3ZDsB4XxIE9wEB696QT_BZfd5kfq3RfSN3l3y8lpVq2cpobyfyK6gAEbxOaqyu6050erSNJWgbyJpn2Tm_pEq6Ye2J438pEr15w= and follow @IDEXBiometrics This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. © GlobeNewswire

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