NEXT Biometrics Group ASA — Board/Management Information 2018

Dec 18, 2018

NEXT Biometrics: Board member to step down

NEXT Biometrics: Board member to step down

Oslo, 18 December 2018: Board member and former CEO of Next Biometrics Group ASA, Tore Etholm-Idsøe has decided to assume the position as a Senior Vice President of NEXT customer Tactilis PTE ltd. Etholm-Idsøe will at the same time resign as a board member of NEXT to avoid potential conflict of interest.

“We would like to thank Tore for his contribution to making NEXT a global leader in fingerprint sensor technology,” said Magnus Mandersson, Chairman of NEXT Biometrics. “We will still capitalize on Tore’s experience and drive as he now joins our partner Tactilis to help them realize the potential of their biometric smart card offering.”

“Based on NEXT Biometrics’ government grade sensors, Tactilis has developed unique smart card solutions that open a range of new, high-performance and high-volume biometric smart card markets,” said Tore Etholm-Idsøe. “Tactilis, in my view, represents game-changing technology and I have realized that the best way for me to impact the value of my NEXT holdings is to dedicate my time to help Tactilis realize its potential. At the same time, to avoid any conflict of interest, I find it appropriate to resign from the NEXT board.” Etholm-Idsøe will step down with immediate effect. The nomination committee will start the process to identify and propose a candidate to join the NEXT Board of Directors at the 2019 annual general meeting.

About NEXT Biometrics

NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.

Contact:

Magnus Mandersson, Chairman of the Board, +352 691 618 430