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Data Respons ASA: Record quarter

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– Solid performance across the company contributed to record revenues and results in the first half of 2019. For specialist companies like Data Respons with extensive skills in both software and hardware, the underlying megatrends of automation, connectivity (IoT) and industrial digitalisation offer many exciting technology projects, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Operating revenue for the second quarter was NOK 432.6 million (356.6), a growth of 21%. EBITA amounted to NOK 45.0 million (31.6). EBIT was NOK 39.5 (25.3). The profit for the period was NOK 26.9 million (14.1) and EPS of NOK 0.35 (0.24). Data Respons had a cash flow from operating activities of NOK 43.2 million (55.8) in the quarter.

Operating revenue for the first half-year was NOK 884.9 million (709.5), a growth of 25%. EBITA was NOK 95.9 million (61.8). EBIT was NOK 84.8 (52.2). Operating cash flow was NOK 66.1 million (6.1).

Profitable growth – a core part of the company’s DNA
Data Respons continued its positive development during the second quarter with revenue growth of 21% and increased its results by 42% at the same time. The company is experiencing high activity levels across all geographical regions, business segments and markets, driven by the favourable megatrends of IoT, industrial digitalisation and automation.

– Focus on profitable growth is a core part of the company’s DNA, and we are continuously launching new short- and long-term initiatives to sustain this over time. Initiatives include new start-ups, technology transfer, recruitment of new talent, collaboration with universities and customer activities. With an average annual growth of 17% over the last 18 years, I think it fair to say that Data Respons is a true growth company, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

Synergies from acquisitions
– During the second quarter, the company successfully completed a capital increase of NOK 324 million through a private placement. This strengthens our balance sheet and enables us to continue our strategic ambitions. In the first week of July, we acquired two new niche specialist companies: Stockholm-based inContext and Donat Group in Germany. Both provide excellent synergies regarding customer expansion and resource cooperation, but more importantly, they add many skilled engineers with the passion to develop smarter and better products and software solutions, Ragnvaldsen continues.

Expect good development ahead 
– We have seen a positive start to 2019, with revenues and profitability both reaching record levels. The market outlook remains positive and we are experiencing an increased demand from customers looking to invest in modern product platforms and more sustainable technology. Data Respons is determined to continue its growth through a combination of organic development and selective bolt-on acquisitions in the Nordics and Germany, which will strengthen our position as a complete technology partner for innovative industry and technology companies, Ragnvaldsen concludes.

 

For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046

About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT and embedded solutions markets. We provide R&D services and embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defence & Security, MedTech, Energy & Maritime and the Finance & Public Sector. 

Data Respons ASA is listed on the Oslo Stock Exchange (ticker: DAT) and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com

This information is subject to the disclosure requirements pursuant to sections 5–12 of the Norwegian Securities Trading Act

 

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IT Industry

IDEX begins deliveries of its dual-interface sensor to world class electronics manufacturer

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Oslo, Norway, 15 October 2019: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has received a purchase order and initiated production ramp preparations to fulfill a multi-year order commitment signed with a leading provider of global financial news and IT services, as announced in April this year.

As part of this multimillion-dollar commitment IDEX is supplying its dual-interface sensors to one of the world’s largest electronics manufacturing service companies in order to qualify their manufacturing process; a critical step in any ramp-up process.

Stan Swearingen, CEO of IDEX Biometrics comments: “This is an exciting time for IDEX as we gear up volume production with our partners in what will be a cutting-edge, secure access solution. We now expect a regular flow of purchase orders from this customer and look forward to being an integral part of the rollout of their enhanced biometric security solutions”.

For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632

About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is the leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast-growing multi-billion-unit opportunity.

For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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IT Industry

Global e∙dentity™ files its third formal USPTO 37CFR1.290 request in six months against Apple AAPL (NASDAQ)

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WILMINGTON, Del., Oct. 15, 2019 (GLOBE NEWSWIRE) — Global e∙dentity™, founded by Robert Adams, U.S. Navy veteran who along with the most amazing engineers & team, have developed and patented the next generation of identity protocol methods, has now filed its third 37CFR1.290 request with the USPTO within in six months against Apple; the formal third-party review request with the USPTO is in opposition to Apple newest patent application 16/262032 published on September 12, 2019. Adams stated that Global e∙dentity™ had “no choice, and once again, file a new third-party action with the USPTO in response to Apple’s latest published patent application.”  USPTO new third party filing is noted on the Global e·dentity™ website: https://www.globaledentity.com/third-party-review-uspto3/

Global e∙dentity™ was featured on Featured on KRON4 — San Francisco Bay Area’s Local TV www.globaledentity.com/2019/06/22/kron4-apple-intellectual-property-theft-and-patent-violations with regards the first of two third-party actions with the USPTO against Apple.  Adams continued, “We are indeed flattered that Apple has now filed, not one, not two, but now a third patent application based on our already patented technology 10,135,822 Biometric authentication of individuals utilizing characteristics of bone and blood vessel structures and its continuation patents.   Having said that, the key question remains: Why did Apple fail to inform the USPTO they had in their possession per their request, all of our trade secrets and provisional patent as early as March/April 2017 when negotiations started between representatives of Apple and Global e∙dentity?”

Global e·dentity™, is young well-funded tech start-up company with national security applications in mind; providing secure multi-factor biometric and digital identity solutions. For more information, visit www.globaledentity.com. Global e·dentity™ and product are either registered trademarks or trademarks of You are the ID ™ LLC in the United States and/or other countries.

For more information, press only: Sophia Miller  sophiam@globaledentity.com

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IT Industry

Digia Plc will publish its business review January-September 2019 on October 31, 2019

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Digia Plc
Investor News
15 October 2019 at 09:00 am


Digia Plc will publish its business review January-September 2019 on Thursday 31 October at 8:00 am EET (GMT +2). After the publishing the report is available on: https://digia.com/en/investors/stock-exchange-releases/.

Timo Levoranta, President & CEO, and Kristiina Simola, CFO, will present the financial results in Finnish at an analyst and press conference in Helsinki on Thursday, October 31, 2019 at 11.00 am (EET). The conference will take place at Business Meeting Park in Helsinki (address: Forum, Mannerheimintie 20 B, 6th floor. Entrance from the glass corner of Mannerheimintie and Simonkatu).

The material and presentation for the event will be available from 11 am on October 31, 2019 in the Investors section of the company’s website: www.digia.com/en/investors/reports-and-presentations.

Digia Oyj
Timo Levoranta, CEO


Additional information:

Kristiina Simola, CFO, tel. +358 40 756 3132

Distribution:
Nasdaq Helsinki
Key media
digia.com

Digia is a software and service company that helps its customers renew themselves digitally. There are more than 1,200 of us working at Digia. Our roots are in Finland and we operate with our customers in Finland and abroad. world. We are building a world in which digitalisation makes a difference. Digia net sales were EUR 112.1 million in 2018. The company is listed on Nasdaq Helsinki (DIGIA). digia.com

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