Precise Biometrics — Board/Management Information 2014

Sep 8, 2014

New CFO appointed at Precise Biometrics

Precise Biometrics AB has appointed Bo-Göran Jaxelius as CFO and member of its management team. The appointment comes as part of previously communicated changes to reach profitability during 2015. Rutger Petersson, R&D Director, is also promoted to the management team, which strengthens the company's commitment to technological leadership within fingerprint technology.

"I welcome Bo-Göran and Rutger to the management team, together they will bring valuable experiences that further strengthens our operational focus going forward," says Håkan Persson, CEO of Precise Biometrics.

Bo-Göran Jaxelius is 43 years old and holds a Bachelor of Science in Business Administration and Economics from Lund University. He has 20 years of experience from leading roles as CEO, CFO and Director of Finance at Scalado AB, Deloitte, Zi Corporation and Decuma.

Rutger Petersson is 39 years old and holds a Masters degree in Computer Science from Växjö University. He has over 15 years of experience working in various technical positions at Precise Biometrics, Ericsson and Teleca Mobile. He has been working at Precise Biometrics since 2007, primarily with project and program management.

The management team now consists of Håkan Persson, CEO; Patrik Lindeberg, COO; Daniel Edlund, Corporate Marketing Manager; Rutger Petersson, Director R&D and Bo-Göran Jaxelius, CFO.

Precise Biometrics AB (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 8 am on September 8, 2014.

FOR FURTHER INFORMATION, PLEASE CONTACT

Håkan Persson, CEO, Precise Biometrics AB Telephone; +46 46 31 11 05 or +46 734 35 11 05, E-mail; hakan.persson@precisebiometrics.com

Precise Biometrics is a market-leading provider of solutions for fingerprint recognition to prove people's identities. With top-of-the-line expertise in fingerprint verification, Precise Biometrics offers fast, accurate and secure authentication of a person.

The technology adds value to ID, enterprise and bank cards as well as access to mobile solutions, computers and networks. Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 160 million users.