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Bulletin from the 2025 Annual General Meeting of Fingerprint Cards AB (publ)
Globenewswire· 2025-06-24 14:45
Core Points - Fingerprint Cards AB held its Annual General Meeting on June 24, 2025, in Stockholm, where several key resolutions were passed [1] Dividend - The Meeting resolved that no dividend be paid [2] Board of Directors and Auditors - The directors of the Board and the managing director were discharged from liability for the period from January 1 to December 31, 2024 [3] - Christian Lagerling and Adam Philpott were re-elected as Board Members, while John Lord and Carl Johan Grandinson were newly elected [3] - Christian Lagerling was re-elected as Chairman of the Board of Directors [3] Board Remuneration - Board remuneration was set at SEK 675,000 for the Chairman and SEK 295,000 for each other Board Member, with no remuneration for employed Board members [4] - The adjusted Board remuneration is expected to result in significant cost savings for the Company [4] Auditors - BDO Mälardalen AB was re-elected as auditor, with Johan Pharmanson as Auditor-in-Charge, until the end of the next Annual General Meeting [5] - Remuneration for auditors will be paid according to approved invoices [5] Remuneration Report - The Meeting approved the Board of Directors' remuneration report for 2024 in accordance with Swedish Companies Act [6] Share Repurchase and Transfer Authorization - The Board was authorized to repurchase up to 10% of the total number of outstanding class B shares until the next Annual General Meeting [7] - The Board was also authorized to transfer class B shares, deviating from shareholders' preferential rights [7] Amendment of Articles and Reverse Share Split - The Meeting approved amendments to the articles of association to enable a reverse share split, consolidating 2,000 existing shares into one [8] - Post-split, the number of shares will decrease from 15,175,375,766 to 7,587,687 shares, and votes will decrease from 15,246,250,766 to 7,623,120 [8] - The Board was authorized to determine the record date for the reverse share split [8] New Share Issue Authorization - The Board was authorized to issue new class B shares, warrants, and/or convertibles up to 20% of the total number of outstanding shares until the next Annual General Meeting [11] Long-term Incentive Programs - The Meeting approved an Employee Stock Option Program 2025/2028, allowing for the issuance of up to 265,595 options for B-shares [12] - The program allows subscription for B-shares at a price corresponding to 150% of the volume-weighted average price during the first ten trading days following the record date for the reverse share split [12] - A separate Employee Stock Option Program 2025/2029 was also approved for the Board, allowing for up to 113,815 options [13]
IDEX Biometrics ASA: Issue of shares – 23 June 2025
Globenewswire· 2025-06-23 07:35
Core Points - The company issued a total of 5,412,932 new shares to board member Annika Olsson as part of her board remuneration [1][2] - An additional 69 shares were issued to an employee at a price of NOK 0.01 per share, related to a share consolidation of 100-to-1 [3] - Following these issuances, the company's share capital will amount to NOK 47,364,256, divided into 4,736,425,600 registered shares with a nominal value of NOK 0.01 [4] Company Overview - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4] - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication [4] - IDEX partners with leading card manufacturers and technology companies to bring its solutions to market [4]
Aware (AWRE) Earnings Call Presentation
2025-06-19 13:04
Company Overview - Aware, Inc is a global biometric identity platform company using data science, machine learning, and AI to address business and identity challenges[7] - The company has a 30-year legacy of innovation and market leadership in biometric technology[23] - Aware has a strong financial foundation for growth, focusing on recurring revenue and profitability[29] Market and Growth - The global biometric system market is projected to grow to $82.9 billion by 2027[11] - Aware experienced a 15% top-line revenue CAGR from 2020 to 2023[33] - The company achieved 20% ARR & Recurring Revenue Growth[33] Technology and Differentiation - Aware's technology combines liveness and authentication, multi-modal automated biometric identification system, integration-ready middleware, and biometric orchestration[35] - Aware is leading in preventing bias in biometric technologies, with competitors having 2X to 4X more bias in liveness detection and matching[41] - The company has ~80 U S & International Patents[36] Financial Highlights - Aware has $28.5 million in cash, cash equivalents & marketable securities with no debt[28] - The company maintains a >90% customer retention rate[26]
IDEX Biometrics ASA: Registration of share capital increase – 17 June 2025
Globenewswire· 2025-06-17 08:45
Core Points - IDEX Biometrics ASA announced a subsequent offering of up to 600,000,000 new shares, which was oversubscribed by 8 times, raising gross proceeds of NOK 6 million at a subscription price of NOK 0.01 per share [1][2] - The share capital increase has been registered, resulting in a total share capital of NOK 44,316,309.99, divided into 4,431,630,999 shares, each with a nominal value of NOK 0.01 [2] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2] - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [2]
Aware Named Luminary in Prism Project Report as Organization Rolls Out New Platform Enhancements
GlobeNewswire News Room· 2025-06-16 12:30
Core Insights - Aware, Inc. has been recognized as an industry Luminary in Core Identity Technology in the Prism Project's Deepfake and Synthetic Identity Report, highlighting its leadership in biometric authentication [1][2] - The company announced enhancements to its Awareness Platform, improving face matching performance and mobile face capture reliability [1][3] Company Recognition - The Prism Project's report evaluates over 200 organizations and emphasizes Aware's strengths in injection detection, deepfake detection, and liveness detection [2] - Aware's recognition as a Luminary reflects its long-standing commitment to secure and scalable biometric solutions, validated by independent testing from RIVTD and NIST [3] Platform Enhancements - Key improvements to the Awareness Platform include: 1. **Faster Face Matching**: Achieves up to 14x faster 1:N face search performance, reducing server resource usage and infrastructure costs while maintaining matching accuracy [5][7] 2. **Smarter Face Capture**: New mobile capture updates for iOS and Android enhance first-time success rates and optimize image quality, improving user experience and conversion rates [5][7] Industry Context - The report provides strategic guidance for decision-makers in the identity fraud landscape, emphasizing the need for organizations to verify identities confidently amid rising threats from deepfakes and digital deception [2][4] - Aware's innovations aim to help customers navigate the evolving digital identity landscape, balancing speed, security, and usability [5][7]
Share issue to personnel – 14 June 2025
Globenewswire· 2025-06-15 21:52
Core Viewpoint - IDEX Biometrics ASA's board has approved the issuance of 299,381,600 new shares at NOK 0.01 per share to incentivize personnel in implementing the amended business plan and commercializing the company's products [1][2]. Group 1: Share Issuance Details - The share issuance is part of a Personnel Placement authorized by an extraordinary general meeting held on 11 April 2025, which also approved terms for debt conversion [2]. - The shares will be restricted for 18 months post-issuance, with 1/3 released after 6 months and another 1/3 after 12 months [3]. - The company retains the right to repurchase restricted shares if a holder resigns or is terminated [3]. Group 2: Compliance and Impact - The board has ensured that the Personnel Placement complies with equal treatment obligations under relevant Norwegian laws and Oslo Stock Exchange rules [4]. - The number of new shares represents approximately 6.7% of the total outstanding shares, with a limited dilutive effect on existing shareholders [4]. - The subscription price of NOK 0.01 represents a 78% discount to the closing price on 13 June 2025, with potential variations in discount due to the lock-up period and share volatility [4]. Group 3: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [6]. - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [6].
IDEX Biometrics ASA: New date for the share consolidation and ISIN change
GlobeNewswire News Room· 2025-06-06 16:30
Group 1 - The Company announced a share consolidation and change of ISIN, effective on 20 June 2025, as resolved by the Extraordinary General Meeting on 11 April 2025 [1][2] - The Subsequent Offering will be completed prior to the share consolidation, which has been postponed from 11 June 2025 to 20 June 2025 for technical reasons [2] - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3]
IDEX Biometrics ASA: Final result of the Subsequent Offering
Globenewswire· 2025-06-06 15:20
Core Viewpoint - IDEX Biometrics ASA has successfully completed a Subsequent Offering of up to 600,000,000 new shares, which was 8 times oversubscribed, raising gross proceeds of NOK 6 million [3]. Company Information - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [13]. - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication [13]. Offering Details - The Subscription Period for the Subsequent Offering commenced on 22 May 2025 and expired on 5 June 2025 [2]. - The total number of Offer Shares allocated was 600,000,000 at a subscription price of NOK 0.01 per share [3]. - The share capital increase related to the Subsequent Offering is expected to be registered in the Norwegian Register of Business Enterprises on or about 13 June 2025, resulting in a total share capital of NOK 44,316,309.99 [5]. Shareholder Information - Investors allocated Offer Shares can access their allocation information through VPS on or about 6 June 2025, with payment due on 11 June 2025 [4]. - The Offer Shares will rank equally with the company's existing shares [6].
Aware Achieves Best-in-Class Performance in DHS RIVTD Testing for Passive Liveness Detection
Globenewswire· 2025-06-03 12:30
Core Insights - Aware, Inc. achieved best-in-class performance in the U.S. Department of Homeland Security's Remote Identity Validation Technology Demonstration, particularly excelling in passive liveness detection for presentation attack detection [1][3][4] - The DHS RIVTD program aims to challenge industry leaders to develop secure and user-friendly remote identity validation technologies to combat identity fraud during digital onboarding [2][4] - Aware's passive liveness detection technology is more efficient and user-friendly compared to active systems, which require user interaction and result in longer transaction times and higher failure rates [3][4] Company Performance - Aware's solution demonstrated top-tier performance in passive liveness detection, reaffirming its capabilities in combating identity fraud and reducing user friction [3][4] - The company is committed to delivering fast, accurate, and secure biometric solutions validated by leading government agencies like DHS [4][5] Future Outlook - Aware plans to participate in the upcoming RIVR 2025 testing to showcase advanced liveness features not included in previous tests, such as a patented bright screen reflection algorithm and behavioral algorithms [5][6] - The company emphasizes the importance of independent evaluations like RIVTD for establishing trust and improving biometric performance standards [5]
IDEX shares as board remuneration; Primary insider disclosure – 22 May 2025
Globenewswire· 2025-05-22 07:03
Core Points - The annual general meeting of IDEX Biometrics ASA on May 21, 2025, allowed board members to receive remuneration in shares, with the share value set at 133% of the NOK amount of board remuneration taken in shares [1] - A board member opted to receive part of their remuneration in shares, resulting in the issuance of 5,412,932 new shares, increasing the company's share capital to NOK 38,370,439.31, divided into 3,837,043,931 registered shares [2] - Board member Annika Olsson will acquire 5,412,932 shares at a price of NOK 0.01 per share, instead of receiving NOK 265,600 in cash as board remuneration [3] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies [4]