IDEX Biometrics ASA — Earnings Release 2018

Feb 27, 2019

IDEX ASA - Fourth quarter and preliminary year-end 2018 results

IDEX ASA - Fourth quarter and preliminary year-end 2018 results

Oslo, Norway, 27 February 2019 - IDEX Biometrics (IDEX ASA), the leading

provider of advanced fingerprint identification and authentication solutions,

today announces a strong end to the 2018 financial year. CEO Stan Swearingen

commented:

"The biometric smart card market is poised for significant growth and IDEX has

now become a key player in this market. We made great progress in 2018 with our

leading technologies and solutions and we are well positioned to create

substantial long-term value for shareholders."

Fourth quarter and recent highlights

* Strong demand for IDEX's biometric card technologies

* Multiple new customers in fast moving Asian markets; Chutian Dragon,

Excelsecu, Goldpac and XH Smart Tech. These come in addition to Feitian,

Hengbao and JINCO.

* Operational momentum building

* Partnerships with Visionox to integrate biometric sensors for smart

cards employing state-of-the-art display technology

* Partnerships established with leading secure element providers Infineon

and CEC Huada Electronic Design Co. to integrate IDEX sensors with

enhanced card security solutions

* IDEX's unique remote enrollment solution ready for commercial adoption

* Robust financial position

* Recent funding of NOK 214 million will enable IDEX to fulfil increasing

customer demand and ensure the Company achieves profitability

Continued evolution of the biometric card market

Over the last twelve months the market for biometric cards has gained

considerable momentum. Companies right across the smart card ecosystem, such as

card integrators, payment scheme providers and component vendors, have expanded

development efforts, customer engagements and commercial deployments. Card

issuer interest has also become stronger as consumers, who are familiar with the

security and convenience of biometrics in mobile, increasingly recognize the

benefits that biometrics can bring to payment cards.

This belief is supported by a significant increase in customer interest across

EMEA, Americas and Asia for IDEX's biometric payment card solutions. In the last

quarter, IDEX has forged strong commercial partnerships in the fast-growing

Asian markets where there is considerable demand for biometric solutions in

smart cards.

As a pioneer and thought leader in biometric technology solutions, IDEX is

continuously driving the education and widespread adoption its technologies

amongst its customers and partners. This strategy is paying off as the market

for biometric cards evolves. Major global corporations and financial

institutions are increasingly investing in the smart card ecosystem. IDEX is set

to augment its leadership position within this market through its unique off-

chip technology coupled with its systems approach.

IDEX expects further commercial progress in 2019 as customers seek a

differentiated biometric solution. New customer collaborations and contract wins

are forecast, leading to a material increase in sensor shipments. Also, having

completed development of its sensor for dual-interface cards, multiple pilots

and certification are anticipated, with volume orders in the second half of

IDEX is hosting a presentation of the results today, Wednesday 27 February

2019, at 09:00 CET at the Vika Atrium Conference Centre in Munkedamsveien 45 in

Oslo. The presentation will be given by the CEO Stan Swearingen and CFO Henrik

Knudtzon.

Please find the fourth quarter 2017 report and the presentation of the results

attached or linked at the end of this notice.

For further information contact:

Stuart Hunt, Head of Investor Relations & Communications

+44 1276 534 632

About IDEX Biometrics

IDEX Biometrics, legal name IDEX 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 and follow @IDEXBiometrics

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.