IDEX Biometrics – board appointment
Oslo, Norway, 23 May 2019: IDEX Biometrics ASA, the leading provider of advanced fingerprint identification and authentication solutions, has appointed Stephen Skaggs to its Board of Directors.
Mr. Skaggs has more than 25 years of experience in the semiconductor industry, including serving as President, Chief Executive Officer and Chief Financial Officer of Lattice Semiconductor, a supplier of programmable logic devices and related software. Most recently, he served as Senior Vice President and Chief Financial Officer of Atmel Corporation, a leading supplier of microcontrollers, prior to its acquisition by Microchip Technology Incorporated. Early in his career, he worked for Bain & Company, a global management consulting firm, where he specialized in high tech product strategy, mergers and acquisitions and corporate restructurings.
Mr. Skaggs holds an MBA degree from the Harvard Business School and a B.S. degree in Chemical Engineering from the University of California, Berkeley.
Morten Opstad, Chairman of IDEX Biometrics: “We are delighted to have someone of Stephen’s vast financial and operational experience joining the IDEX board. His addition will bring a wealth of industry insight and ensure IDEX remains well placed to create significant value for its stakeholders.”
Stephen Skaggs adds: “I’m really excited to be joining the board of IDEX Biometrics. The biometric smart card market has the potential to create significant shareholder value. I believe IDEX has a strong competitive position and the technology to take full advantage of this opportunity. I look forward to helping the Company achieve its ambitions.”
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is the leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast-growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
