Fingerprint Cards : appoints Pontus Jägemalm as Chief Technology Officer (CTO)

Press release
May 4, 2017

Fingerprint Cards appoints Pontus Jägemalm as Chief Technology Officer (CTO)

As part of the company's strategy to strengthen its market position and enhance its innovative capabilities, Fingerprint Cards (Fingerprints) is appointing Pontus Jägemalm as Chief Technology Officer (CTO). Since before, Pontus Jägemalm holds the position of Senior Vice President, Research & Development at Fingerprints. The company continues to develop technology-leading solutions. In his new role as CTO, Pontus Jägemalm will further drive and accelerate development activities in close cooperation with customers.

'I am proud to announce that we further strengthen our technology and innovation focus through this appointment of Pontus Jägemalm as CTO. The appointment of Pontus as CTO means that we invest in new teams to continue to drive forward new biometric solutions, and to develop alternative technologies. It is an important step on Fingerprints' journey to become the global, leading biometrics company', says Christian Fredrikson, CEO of Fingerprints.

'I am of course grateful for the trust to take on the role as CTO, which for me as Senior Vice President for Research & Development means an increased focus on innovation, long-term development and alternative technologies. It is gratifying that the Board and the company supports a growing focus on new technology. With our highly skilled and ambitious staff, we will focus both on adapting our technical solutions for new application areas and on broadening the basic technology', says Pontus Jägemalm, CTO and Senior Vice President, Research & Development at Fingerprints.

Pontus Jägemalm continues as a member of the company's management team. In operational terms, the appointment means that Pontus Jägemalm remains in his role as Senior Vice President, Research & Development. Leadership for the daily Research & Development work will be divided between the business lines (Mobile, Smartcard, PC & Embedded) and existing managers within Research & Development.

For more information, contact:
Press Center Fingerprint Cards AB: +46(0)10-172 00 20, press@fingerprints.com
Investor Relations Fingerprint Cards AB: +46(0)10-172 00 10, investrel@fingerprints.com

About Fingerprint Cards AB (publ)

Fingerprint Cards AB (FPC) is a high-tech, listed company which develops, produces and markets biometric technology that, through the analysis and matching of an individual's unique fingerprint, verifies the person's identity. A secure and convenient user experience is thus made possible, beyond keys and pins. The FPC technology offers world-class advantages and includes unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages, in combination with low production costs, the technology may be implemented in large volume products, such as smartphones, tablets and biometric cards where these demands are extremely high. FPC's technology has been tested thoroughly in several fields of application.

The information was submitted for publication, through the contact persons set out above, on May 4, 2017 at 07:30 CEST.

Important information
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. Recipients of this press release are responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.