Arbitration decision in favour of IDEX Biometrics

Core Viewpoint - IDEX Biometrics ASA has successfully resolved a dispute with Zwipe AS through arbitration, resulting in a financial award for IDEX [1][2]. Group 1: Arbitration Outcome - The Oslo Chamber of Commerce ruled that Zwipe AS must pay IDEX USD 702,000 excluding VAT, along with late payment interest [2]. - Zwipe's counterclaim regarding warranty issues was completely dismissed by the arbitration panel [2]. - Zwipe is required to settle the payment and legal costs within 14 days of the arbitration decision [2]. Group 2: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4]. - The company's biometric solutions are based on patented sensor technologies and are aimed at card-based applications for payments and digital authentication [4]. - IDEX collaborates with leading card manufacturers and technology firms to bring its biometric solutions to market [4].