Bli medlem
Bli medlem

Du är här

2015-05-25

Fingerprint Cards AB: Johan Carlström steps down and Acting CEO Jörgen Lantto appointed Chief Executive Officer of Fingerprint Cards AB (FPC)

Johan Carlström has informed the Board of Directors of his decision to step
down as Chief Executive Officer of Fingerprint Cards AB in order to focus on
business development within the company. Today, the Board has appointed
Jörgen Lantto CEO of the company. As Jörgen Lantto, who was recruited to FPC
as Chief Technology Officer in December 2012, has been the Acting CEO of the
company since September 2014, this guarantees continuity and the continued
strong development of FPC.

Urban Fagerstedt, Chairman of the Board of Fingerprint Cards AB, states:

"Johan Carlström was appointed CEO of FPC in May 2009. Under Johan's
leadership, FPC has developed from a small development company with one
product (area sensor) in one market (banks in China) into its current
position as the world-leading supplier of fingerprint sensors for the global
mobile industry. During Johan's time as CEO of FPC, sales have increased from
SEK 27 M to the forecast for the current year of more than SEK 1,500 M. The
members of staff have risen from 13 to more than 180 and the company's market
capitalization has increased by 7,300% to today's SEK 5.3 billion.

Over the years, Johan has implemented capital procurement programs totaling
nearly SEK 500 M, a prerequisite for FPC's ability to develop in this
positive manner. Accordingly, I would like to thank Johan Carlström for his
leadership, visions, drive and passion for the company, which have made the
journey that we have now embarked upon possible."

Johan Carlström says:

"I have decided to step down as CEO and instead concentrate on business
development in the company's future growth areas. I want to thank the Board
of Directors for their confidence in me and the huge privilege of leading FPC
in the amazing development seen in recent years and which I am convinced will
continue in the years ahead. I have complete confidence in the competent team
that will now lead FPC and I am certain that we are now seeing only the dawn
of a new Swedish global company. I hope that my departure will have the
positive impact that the stock market will henceforth focus its interest more
on the company's world-leading technology, unique products and continued
market successes."

For further information, please contact:
Urban Fagerstedt, Chairman of the Board of Fingerprint Cards AB (publ), +46
(0) 31-60 78 20,investrel@fingerprints.com

About Fingerprint Cards AB (publ)

Fingerprint Cards AB (FPC) develops, produces and markets biometric components
that through the analysis and matching of an individual's unique fingerprint
verify the person's identity. The technology consists of biometric sensors,
processors, algorithms and modules that can be used separately or in
combination with each other. The competitive advantages offered by the FPC's
technology include unique image quality, extreme robustness, low power
consumption and complete biometric systems. With these advantages and the
ability to achieve extremely low manufacturing costs, the technology can be
implemented in volume products, such as smart cards and mobile phones, where
extremely rigorous demands are placed on these characteristics. FPC's
technology can also be used in products for IT and Internet security, access
control, etc. FPC's technology can also be used in products for IT and
Internet security, access control, etc.

Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish
Securities Market Act (2007:528) and the Swedish Financial Instruments
Trading Act (1991:980). The information was issued for publication on May 25,
2015, at 8:00 a.m.

Important information

Issuance, publication or distribution of this press release in certain
jurisdictions could be subject to restrictions.The recipient of this press
release is responsible for using this press
release and the constituent information in accordance with the rules and
regulations prevailing in the particular jurisdiction.
This press release does not constitute an offer, or invitation to acquire or
subscribe for new securities in Fingerprint Cards in any jurisdiction.

Press release (PDF)
http://hugin.info/132202/R/1923663/689843.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Fingerprint Cards AB via Globenewswire

HUG#1923663

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.