Oslo, Norway and Tokyo, Japan - 8 February 2024 - IDEX Biometrics and KONA I are
partnering to deploy biometric payment and access cards in Japan. With credit
card fraud reported by Japanese companies increasing by 30% year over year to
USD 294 million, banks in the market are showing interest for biometric
smartcard solutions, and especially metal cards. KONA I expects banks to begin
offering high-technology biometric cards to consumers in the second half of
2024.

In response to the growing demand for cybersecurity solutions by governments,
public and private sector entities KONA I and IDEX Biometrics will bring state-
of-the art secure ID and biometric payment card solutions to market.  KONA I and
IDEX Biometrics smart card platform provides the cybersecurity market with an
end-to-end authentication platform focused on digital security, and compatible
with standard protocols such as FIDO2, as well as biometric payments cards. Both
solutions are delivered with optimal customer experiences and security by
design.

KONA I is a global smart card and technology platform leader, headquartered in
South Korea, manufacturing smart card products with an annual production
capacity of more than 60 million cards. The fast-growing market in Japan is set
to reach 30% of KONA I's business by 2025.

Asia, including Japan, is leading the way for fingerprint biometric innovation
in the payments industry, with a high penetration rate of contactless payments.
Credit cards are the leading cashless payment method in Japan, and the market
growing at a CAGR of 8%, is expected to reach $870 billion by 2028.


"The partnership with IDEX Biometrics enables us to react to the fast-growing
demand for biometric smart cards in Japan," said Koichiro Sasai, Head of KONA
Japan LLC as a subsidiary of KONA I. "We are proud to offer bank customers in
Japan the most innovative access and payment solutions. There is a very strong
demand from affluent customer who seek the highest security and unparalleled
value and user experiences, as offered by biometric metal cards."

"We are excited to enter Japan with technology innovations that meets the needs
for increased cyber security together with KONA I," said Catharina Eklof, Chief
Commercial Officer at IDEX Biometrics. "Through this partnership with KONA I, we
are bringing relevant solutions to the growing demand for frictionless payments
and smart card solutions, enabling banks in Japan to differentiate and support
loyalty and trust with their customers."

For further information contact:

Marianne Bøe, Head of Investor Relations
E-mail:?marianne.boe@idexbiometrics.com
Tel: + 47?918 00186



About IDEX Biometrics

IDEX 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, visit?www.idexbiometrics.com
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About KONA I

KONA I Co Ltd (KRX: 052400), a company based in South Korea, is a global smart
card and technology platform provider focusing on providing smart cards, payment
solutions and services for the financial, banking and public sectors. The
company aims to contribute to society with technology and innovation in the area
where the security is most critical, including but not limited to IOT, smart
cards, and authentication.

For more information, visit?www.konai.com (http://www.konai.com/)

TRADEMARK STATEMENT

IDEX, 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 was published by Marianne Bøe, Head of Investor relations, on 8
February 2024 at 11:00 CET on behalf of IDEX Biometrics ASA.