(Oslo ,4 april 2024 ) Olav Gram Degnes today assumes the role of Chief Financial Officer («CFO») atAyfie Group AS (Ayfie, OSE: AYFIE) joining Chief Executive Officer («CEO»)Herman Sjøberg in the mission to unlock the company's untapped potential. - After monitoring many companies on the stock exchange in recent years, Ayfie's stock pricing appears as an option. The company has a product with a unique opportunity, and that is the integration with generative AI, says Degnes. He continues: - The company has an outstanding opportunity to assist both large and small companies in the international market in managing and searching through their documents, and the AI tool makes the product truly exceptional. I look forward to taking on the tasks and getting to know both the company and its shareholders. In March, Ayfie announced a partnership with one of the leading global consulting firms, which will utilize Ayfie's AI applications. Therefore, the company raised 20 MNOK in a private placement, with the largest shareholders including Øystein Stray Spetalen,Lars Nilsen , Jan Chr. Opsahl, andJostein Devold all participating. The company attracted several new shareholders in the oversubscribed issue. All four, in addition to being major shareholders, are members of the company's board.Lars Boilesen , with broad experience fromOpera Software and board membership inNorwegian Air Shuttle andNapatech , is the Chair of the board. Jan Chr. Opsahl, with extensive experience in building both TANDBERG, TANDBERG TV, and Tomra, is the vice Chair of the board. - We are very pleased that Degnes accepted our offer. He will now be a vital resource to increase sales for the company while simultaneously communicating with both our shareholders, the stock market, and our customers. His diverse experience will be highly valuable for company`s growth, and we have high expectations for the future, says Opsahl. For the past 5,5 years, Degnes has worked as a financial journalist for Finansavisen and has been a familiar face on the newspaper's TV broadcasts. He also hosted Aksjepodden, one of the country's leading business podcasts. Before becoming a journalist, since 2007 he has worked in finance and economics, serving as a wealth manager, stockbroker, and advisor to investors. In addition to the CFO role, Degnes will also be responsible for investor relations (IR). About Ayfie | ayfie.com Ayfie is a leading software provider specializing in data search and generative AI. With over 15 years of experience, we have honed our expertise in transforming unstructured data into valuable insights that benefit both large enterprises, medium-sized businesses, and individuals. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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