IDEX Biometrics wins arbitration case against Zwipe AS, awarded $702,000

From GlobeNewswire: 2025-01-28 04:05:00

IDEX Biometrics ASA requested arbitration at the Oslo Chamber of Commerce against Zwipe AS for an unpaid receivable. The chamber ruled in favor of IDEX, ordering Zwipe to pay USD 702,000 plus interest and legal fees within 14 days. The decision is final and Zwipe’s warranty counterclaim was dismissed. This information is considered inside information under EU Market Abuse Regulation. IDEX Biometrics is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity. Visit their website for more information.



Read more at GlobeNewswire: Arbitration decision in favour of IDEX Biometrics