IDEX Biometrics ASA — Remuneration Information 2019

Nov 6, 2019

IDEX Biometrics restructuring program

IDEX Biometrics restructuring program

Oslo, Norway, 6 November 2019:  IDEX Biometrics ASA, the leading provider of

advanced fingerprint identification and authentication solutions, has commenced

a restructuring program to right-size its organization for the current

operational environment. The expense reductions are expected to result in a 30%

reduction in annualized operating expense. The actions are expected to be

largely completed in the fourth quarter of 2019.

The actions taken include reducing the number of staff and reducing other cash

compensation costs. Other operating expenses not related to near-term revenue

generation or critical development activities will also be reduced. The actions

will take effect in the fourth quarter and the full impact is expected as of the

first quarter of 2020.

The expense reductions are expected to lower IDEX's break-even shipments point

by more than 50% and the company will be able to achieve operating break-even at

significantly lower shipment levels.

The company continues to monitor its cash position very closely and is actively

pursuing a broad range of opportunities to supplement its cash flows from

operations that include; strategic partnerships, joint development projects,

monetizing IP, debt financings, and, additional R&D tax credits and support

initiatives.

Stan Swearingen, CEO of IDEX Biometrics commented: "We continue to make steady

progress on our strategic initiatives, and, we're seeing the beginning of

shipments and design-in wins in the access control market. However, the

biometric payment card market is still a developing market and, as is common

with most emerging growth markets, it is difficult to predict revenue streams

with precision. As a result, we have decided to take certain expense reductions.

These reductions are prudent and will provide extended cash runway while not

impacting our strategic initiatives. We will maintain the capacity to support

our customers and continue key roadmap development activities. Streamlining our

cost structure was a difficult but necessary measure to achieve our strategic

plan."

For further information contact:

Stuart Hunt, Head of Investor Relations & Communications

+44 (0)1276 534 632

About IDEX Biometrics

IDEX Biometrics ASA (OSE:IDEX and OTC: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

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

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act