IDEX: IDEX Biometrics brings biometric smart cards to market with Cellfie Global

Oslo, Norway, and Seoul, South Korea 19 November 2024 - IDEX Biometrics has
entered into a commercial development agreement with South Korean smart card
manufacturer Cellfie Global (formerly ICK) to design, manufacture and market
biometric metal and PVC cards for bank and fintech launches in USA, Europe and
Asia. This gives IDEX Biometrics full coverage across all four card
manufacturers in South Korea, representing a production capacity in excess of
100 million smart cards annually, and with world leading metal card
manufacturing capabilities.

Cellfie Global has a strong customer base in mainly USA and Europe, markets
representing 78% of the 40 million annual metal card shipments. Cellfie Global's
leading metal cards provide a unique sensory experience that is driven by card
weight, card sound, card technology and a unique design perspective, bringing a
different metal card solution to banks and fintechs globally.

"We are excited to provide state-of-the-art biometric capability to our metal
card and PVC range of card products enabled by IDEX Biometrics. We see a huge
potential for our USA company, ICK International, to accelerate deployment of
the next generation of contactless cards and a means for us to differentiate."
says Yoo Ki Jong, Chief Executive Officer of Cellfie Global. "Biometric cards
are a must have for leading smart card providers like Cellfie" he continues.

"With Cellfie's strong customer portfolio in USA and Europe and a CAGR of metal
cards projected at close to 25%, the opportunity for IDEX Biometrics is
substantial. As a world leading metal card manufacturer, Cellfie Global
strengthens our growing portfolio of smart card makers globally and in South
Korea with unique capabilities and an innovative competitive edge", comments
Catharina Eklof, Chief Executive Officer of IDEX Biometrics."

Source: Business Research Insights
(https://www.businessresearchinsights.com/market-reports/metal-credit-cards-
market-101834)