OSLO, NORWAY – 19 October 2020 – Zwipe, a leading biometric fintech company, is pleased to confirm, following significant market traction recently, that it has today placed an order for 300,000 units of IDX3405 next generation fingerprint sensors from IDEX Biometrics, a leading provider of fingerprint identification technologies. The sensors will support the rollout of Zwipe Pay ONE to a growing list of smart card manufacturers and issuers in Europe, the Middle East, the Americas and Asia.

In April this year, Zwipe announced that it has selected IDEX as its preferred sensor partner for Zwipe Pay ONE biometric payment card solution. The selection was based on comprehensive evaluations of performance and costs.

The Zwipe Pay ONE solution with IDEX’s next generation fingerprint sensor will be released for customer pilots in the fourth quarter of 2020 followed by mass-volume deployment in 2021.

 “Zwipe has a fast-growing global customer network of smart card manufacturers and service providers that have selected Zwipe Pay ONE. Our pipeline of prospective customers and partners grows even faster. We are excited about the strong interest that Zwipe Pay ONE has attracted so far. Working with strategic suppliers such as IDEX we are confident that Zwipe Pay ONE will be the one of the best and most cost-efficient offerings in the market,” said André Løvestam, CEO of Zwipe.

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About IDEX Biometrics ASA

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 further information contact:

Marianne Bøe, Investor Relations

E-mail: marianne.boe@IDEXbiometrics.com
Tel: + 47 918 00186