After the lack of income and the low number of revenue generation agreements provided in Q4 2024, the Board of Directors (“Board”) of Idex Biometrics ASA (“Idex”) has undertaken a strategic summary, following that the Board has ended in a new strategy, with a basic displacement in how Idex will receive its market technology and products.
The review has concluded that Idex has unique competitive advantages in its Biometric entry technology and is optimally positioned to offer new and existing channel customers and partners a full line to go to the product line. Government security agencies around the world recommend everyone to improve their physical and digital security. It is believed that no other company can provide an introduction product with the level of Idex’s security without compromising the individual’s right to his fingerprint.
Moreover, access to the Idex is not subject to adoption of the external market and depending on the inclusion of third parties and determination to the same degree as other market segments followed by the company and, as such, is seen as a better way to make money from Idex technology in the near and long -term future, with the full control of the product,
Idex will fully focus on bringing a biometric product of world -class access, Input Card with Verb of Idex (logical and physical), in the commercial market, with the launch foreseen in Q3 2025. Further details will be communicated and shared as soon as possible.
As you move the trade focus more towards the entry market; Idex will continue to reap from his long efforts in, monitor and hold a position in the salary market.
In parallel with this change in the business strategy, the board has decided to change management. Catarina Eklòf will be immediately withdrawn as chief executive. The Board is pleased to announce that he has appointed Anders Storbråten as a new CEO. Anders is associated with Altea as, one of the largest shareholders in the Idex, and its background and qualification include NTNU, industrial engineering and technology (Indøk) in Shrontheim, Norway and Royal Institute of Arts and Technology (KOND) Stockholm Sweden of Technology Technology and Technology Technology and Goldman Saac Sweden, Sweden Sweden. International. Anders Storbråten has worked internationally and lived more than 20 years abroad.
Restructuring will also include organizational and budgetary changes, which includes a decrease in cost base, in and out. Commercial and technological resources will be shared (re) for what the new management sees as the best return on investment.
Idex will have a particular focus by moving forward on the approximation and regeneration of the organization, with OKR clearly defined for each individual. Idex will also cost a great deal of emphasis on improving communication with shareholders, with increasing transparency and ongoing status reports on the company’s commercial summary.
In connection with this notice This information in this stock exchange is considered to be within the information in accordance with the EU Market Abuse Regulation and has been published in accordance with section 5-12 Act of Norwegian Insurance Trade. This scholarship announcement was issued by Erling Svela; VP Finance, March 11, 2025 on 07:25 Cest on behalf of the company.
For more information, contact: Marianne Bøe, Chief of Relations with Investors, + 47 91800186 Kristian Flaten, CFO, +47 95092322 E-mail: Ir@idexbiometrics.com (Mailto: Ir@idexbiometrics.com)
About the Idex biometric Idex Biometrics ASA (or: Idex) is a global technology leader in fingerprint biometry, providing solutions to paying, access control and digital identity. Our solutions bring about ease, security, mental peace, and user experiences smoothly in the world. Built on patented and owner sensor technologies, integrated circuit models and software, our target biometric solutions based on cards for digital payment and certificate. As an industry-industry, we are partners with key card manufacturers and technology companies to bring our market solutions.
Relevance The issues discussed in this notice may constitute future statements. Future statements are statements that are not historical facts and can be identified with words such as “believe”, “wait”, “anticipate”, “strategy”, “target”, “evaluate”, “Will”, “May”, “must” and similar expressions. Future statements in this release are based on different assumptions, many of which are based, in turn, on further assumptions. Although the company believes that these assumptions were reasonable when made, these assumptions are subject to important and unknown risks, ambiguities, emergencies and other important factors that are difficult or impossible to predict and are beyond its control.
Current events can vary significantly from any development foreseen due to a number of factors, including without restrictions, changes in the level of public sector investment, changes in overall economic, political and market conditions in the markets in which the company operates, the company’s ability to withdraw, maintain and motivate qualified personnel, changes in the company to include commercial investments and investments in commercial investments and investments in commercial investments and investments strategic investments and strategic investments and strategic investments and strategic investments and strategic investments and strategic investments and strategic investments. Such risks, uncertainties, contingents and other important factors may make current events vary materially from expectations expressed or implied in this omission by such future statements. The company does not provide any guarantees that the assumptions that support future statements in this notice are not free from errors nor accepts any responsibility for the future accuracy of the opinions expressed in this notice or any obligation to update or revise the statements in this notice to reflect the following events. You should not put up unfair confidence in the future statements in this document. Information, opinions and future statements included in this notice speak only as on his date and are subject to change without notice. The company does not undertake any obligation to review, update, confirm or publicly issue any review in any future statement to reflect events that occur or circumstances that arise in relation to the content of this notice.