Annual general meeting of IDEX held on 12 May 2015 – Deborah Davis and Larry Ciaccia elected to board
IDEX ASA held its annual general meeting on 12 May 2015. 44 per cent of the shares were represented.
All resolutions were made in accordance with the proposals by the board and the nomination committee in the notice of the meeting.
Deborah Davis and Larry Ciaccia were elected to new board members. Following the annual general meeting, the board consists of chairman Morten Opstad (re-elected), and board members Larry Ciaccia, Deborah Davis, Hanne Høvding (re-elected), and Andy MacLeod (continuing second year of term).
Robert N. Keith and Rune Sundvall were elected new members of the nomination committee. The nomination committee consists of chairman Harald Voigt (re-elected), and members Robert N. Keith and Rune Sundvall.
*Deborah Lee Davis, new board member
Deborah Davis has more than 25 years of technology (software, telecommunications) and Internet (payments/financial services & retail) company experience with 14 years in European and global vice president roles at PayPal, eBay, Verizon and Symantec. Today, she is utilising this expertise gained in B2B/B2C digital, mobile and technology-based industries in a portfolio of corporate boards and advisory activities assisting companies to scale and expand their channels and geographic presence. She holds non-executive Director positions at Intelligent Environments, an international provider of digital & mobile solutions for financial services clients such as banks, building societies, insurance & credit card companies and also at Which?, the UK consumer association. She is also an active trustee of SATIB Conservation Trust, a South African wildlife conservation organisation focused on finding sustainable solutions to human-wildlife conflict issues in Africa.
Ms. Davis holds dual citizenship UK/Australia and splits her time across UK, Africa and the Far East. She is a Member of the Institute of Company Directors, UK and holds a Bachelor of Applied Science (Elec-tronics) Honours degree from the University of Melbourne and a Sloan Masters in Science (Management) with Distinction from London Business School.
Ms. Davis does not hold shares or rights to shares in IDEX.
*Larry Ciaccia, new board member
Larry Ciaccia played a pivotal role in transforming AuthenTec from a start-up into the world’s fingerprint sensor leader. From September 2010 to October 2012, when AuthenTec was acquired by Apple, he was in charge of a turn-around with a return to profitability and 8-fold increase in market capitalization. He remained with Apple through February 2013 to assist in the acquisition integration and transition.
Mr. Ciaccia has broad expertise from the semiconductor industry, combined with a very successful track record of growing private and publicly traded businesses.
He has since January 2014 been a member of IDEX’ Strategy Advisory Council. Mr. Ciaccia holds subscription rights to 500 000 shares in IDEX.
*Rune Sundvall, new nomination committee member
Rune Sundvall has been a long-term shareholder in IDEX directly and indirectly, and has supported the company by taking part in several capital increases over the years. After leaving the family-owned stock-broker company he has been an active investor, within technology, real estate and oil service companies.
Mr. Sundvall and close relations hold shares in IDEX.
*Robert N. Keith, new nomination committee member
Robert N. Keith has been a member of the Board of Directors of Opticom ASA and later Thin Film Electronics ASA 1997-2006 as well as Fast Search and Transfer ASA 1997-2008, all companies listed at Oslo Børs/Oslo Axess. Furthermore, from 1995 to 1998, he served as a director of Eidos Plc, a computer game developer and high technology research and development company listed on the London Stock Exchange and the NASDAQ National Market. He has since October 2014 been a member of the Nomination Committee in Cxense ASA, a company listed on Oslo Axess.
Mr. Keith holds shares and subscription rights to shares in IDEX.
12 May 2015
Henrik Knudtzon, CFO, +47 9302 2827, hk(at)idexbiometrics.com
IDEX ASA specialises in fingerprint imaging and recognition technology. The company has a strong patent portfolio consisting of 25 patent families including more than 215 granted patents, as well as cross licenses with Apple. IDEX has a highly competitive product road map including swipe sensors, touch sensors with disruptive cost positions, and a unique in-glass solution. The company is currently in the process of commercialising the products.
IDEX’s addressable market represents a multi-billion unit opportunity, centred on three core markets: Mobile, ID & smart cards and the Internet of Things. IDEX has seen a substantial increase in interest from global OEMs in the last quarters, and is positioned as of three independent players with the relevant IP to capture market share.
IDEX ASA (ticker IDEX) is a Norwegian public company listed at the Oslo Børs (Oslo stock exchange). For more information, please visit www.idexbiometrics.com or contact IDEX at email@example.com