From GlobeNewswire: 2024-05-16 02:00:00

IDEX Biometrics ASA released its first quarter interim report for 2024, available on their website. The report highlights progress in biometric smart card technology, with IDEX Pay and IDEX Access entering the market. The company secured a successful private placement of 33.3 million shares, raising NOK 55 million. They plan a subsequent rights offering.

The webcast presentation of the interim report will be hosted by IDEX CEO, Vince Graziani. The company’s focus this quarter has been on supporting customers for biometric card launches on the IDEX Pay solution. Card manufacturers worldwide are in the process of commercializing biometric solutions, indicating a growing market demand for IDEX’s secure and frictionless payment options.

IDEX Biometrics is positioned well in the market with its IDEX Pay and IDEX Access platforms, addressing the increasing need for secure solutions in biometric smart cards. They aim to drive market growth alongside card manufacturing partners through implementation programs targeting various segments in target markets.

In a move after market close, IDEX successfully conducted a private placement, raising NOK 55 million. Subscribers also received warrants alongside shares. The company plans to propose a subsequent rights offering of up to 8.0 million shares on the same terms. For further information, visit their official website or contact Marianne Bøe, Head of Investor Relations.



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