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IDEX Biometrics receives purchase order for biometric payment cards to Japan

1. IDEX received a $50,000 production order from Beautiful Card Corporation. 2. This order precedes a larger biometric payment card program in Japan. 3. IDEX collaborates with BCC for biometric smart card implementation. 4. Partnership with Mastercard and Visa enhances market opportunities. 5. Market introduction may bolster IDEX’s growth in fingerprint biometrics.

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FAQ

Why Bullish?

The production order and partnerships signal strong revenue potential, akin to successful past programs that boosted share prices for tech leaders like NXP Semiconductors during similar launches.

How important is it?

The announcement directly impacts IDEX's future revenue stream and validates its strategic partnerships, which are crucial for growth in the competitive biometric market.

Why Short Term?

Initial orders typically yield rapid market feedback and price fluctuations, as seen with IDEX's past announcements that led to quick investor responses.

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March 04, 2025 02:12 ET  | Source: IDEX BIOMETRICS ASA Oslo, Norway - IDEX Biometrics has received a production order from the manufacturing partner Beautiful Card Corporation (BCC). The order has a value of approx. USD 50,000 and is the first of a larger biometric payment card program issued across both Mastercard and Visa for the Japanese market. "BCC is a clear front-runner, with a commitment to bring biometric smart cards to customers and partners world-wide, for payment and access cards. As IDEX and BCC already have material ready for production, we have been able to respond to our partners’ imminent implementation program", comments Catharina Eklof, Chief Executive Officer at IDEX Biometrics. For further information contact: Marianne Bøe, Head of Investor Relations, + 47 91800186Kristian Flaten, CFO, +47 95092322 E-mail:ir@idexbiometrics.com About IDEX BiometricsIDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.For more information, please visit www.idexbiometrics.com Trademark StatementIDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders. About this notice:This notice discloses inside information pursuant to the EU Market Abuse Regulation and was issued by Marianne Bøe, Head of Investor Relations, on 04 March 2025 at 08:12 CET on behalf of IDEX Biometrics ASA. The notice is published in accordance with section 5-12 the Norwegian Securities Trading Act.

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