IDEX Biometrics ASA — Earnings Release 2019

Aug 15, 2019

IDEX Biometrics ASA – Second quarter and half-year 2019 results

IDEX Biometrics ASA – Second quarter and half-year 2019 results

Oslo, Norway, 15 August 2019: IDEX Biometrics (IDEX ASA), the leading provider

of advanced fingerprint identification and authentication solutions reports

second quarter and half-year 2019 results.

CEO Stan Swearingen commented: "The evolution of the biometric smart card market

is undoubtedly gathering pace and IDEX made great progress in the quarter. Our

pipeline of commercial opportunities continues to grow, and we expect sensor

shipments to increase significantly. We have developed important relationships

with new customers in the ecosystem and our biometric technology is proven, and

ready for mass deployment. I am highly confident that our strategy and

technology leadership will deliver considerable success for all our

stakeholders."

Highlights

Landmark first high-volume customer order for IDEX's dual-interface sensors

* Multi-year, multimillion-dollar commitment. Largest customer commitment

to date

Further progress on developing the ecosystem in Asia to accelerate biometric

payment card adoption

* Collaboration with Tongxin Microelectronics Co., Ltd ("TMC") in China to

create a biometric smart card solution for end-customer implementation

* IDEX and Chutian Dragon collaborate with point of sales terminal

provider PAX Technology Limited to run real-life EMV compliant

transactions of biometric smart cards using IDEX's dual-interface sensor

Manufacturing milestones for biometric smart cards achieved

* IDEX customer in Asia achieves cost-effective, mass production milestone

for biometric smart cards

* Partnerships with Sian and Silone Cardtech to accelerate high volume

production of biometric smart cards

* Low-cost, go-to-market solution achieved through pre-lam supply

agreement with Feitian

Certification progress

* Major global payment scheme in Asia begins its certification process for

biometric smart cards containing IDEX's dual-interface sensors

* IDEX Biometrics' dual-interface technology validated by independent labs

to meet multiple global payment schemes' certification requirements

Leadership position in biometric smart cards secured with grant of foundational

patents for on-card enrollment

* Comprehensive patents granted by the United States Patent and Trademark

Office and IP Australia

* Innovative remote enroll solution outperforms in certification tests

IDEX sensors enabling financial inclusion

* Successful Edenred pilot using biometric smart cards, containing IDEX

sensors, for state benefit programs

IDEX Biometrics' CEO Stan Swearingen and CFO Derek D'Antilio will host a

conference call today at 15.00 CET. Dial-in details are as follows:

Norway +47 2100 2610

United States +1 929 477 0324

International +44 (0)330 336 9126

Confirmation code: 4828434

Please find the second quarter 2019 report attached.

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

(http://www.idexbiometrics.com/) and follow @IDEXBiometrics

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.