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IDEX Biometrics ( (IDXAD) ) just unveiled an announcement.
IDEX Biometrics announced that it has won an arbitration dispute against Zwipe AS, with the arbitrator ruling in favor of IDEX on all counts. Despite the arbitration decision, Zwipe has filed for bankruptcy and has not paid IDEX according to the arbitration award, posing potential impacts on IDEX’s financial recovery from the dispute.
More about IDEX Biometrics
IDEX Biometrics ASA is a global leader in fingerprint biometrics, offering authentication solutions for payments, access control, and digital identity. The company focuses on developing biometric solutions based on patented sensor technologies, targeting card-based applications in collaboration with leading card manufacturers and technology companies.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.13M
Learn more about IDXAD stock on TipRanks’ Stock Analysis page.
