I would like to welcome everybody to this investor presentation in Precise Biometrics, where the CEO, Joakim Nydemark, will discuss the rationale behind the merger with Fingerprint Cards and how the proceeds from the ongoing rights issue will be used. Please feel free to write any questions in the chat, and we'll try to answer them at the end of the presentation. Joakim, you can take over. Thank you so much. Very welcome to this presentation about Precise Biometrics and about two pioneers and one future. Precise Biometrics and FPC, we have both companies a long history within biometrics, and we have over the years provided both software and hardware related to a number of use cases within the areas of biometrics. Now we are merging the two companies, and we are creating this one future where you are the key. The agenda for today is I will give a short company introduction. I will talk about the merger, I will talk about the rights issue, then I will end with a summary of what we have talked about here today. Again, you are welcome to put questions in the chat along the way, then we will take those questions in the end of the presentation. Biometrics. What we're talking about is that with fingerprint, with face, with palm, or with iris, enable authentication and identification of a person that enables that person to log in, open doors, or open your mobile device or computer. This is done in an extremely secure way since you have a connection between the user and the access rights that user has. The offering in Precise Biometrics relates to four modalities. It's fingerprint, palm, iris, and face, and we provide those modalities within the frame of software algorithms, hardware and hardware-related systems, and of course, our deep domain expertise that we have gained together in these two companies, and now the merged company, for almost 30 years. We provide these solutions in digital security, and this is an area where we use the technology for logging into devices, more in a digital way, if you like. This could be accessing computer applications, server systems. This could also be related to payments, for instance. We have the physical security part that is more related to the actual access to buildings, to secure locks or what have you. To put this in a little more context, I would like to dig into the different, or examples of different areas where we apply these systems. Again, logical password-less access. This is an area that is really hot for us. This is an area where both companies historically have been active and where we now together can provide an even more comprehensive and complete solution altogether. This is to enable with, for instance, secure tokens, secure FIDO tokens, again, enable logins and access to computer systems and servers. We have the government identity programs. This is an area where also, or in specific, Precise Biometrics has been very active, but to some extent, also FPC. We together now form and are able to provide a more comprehensive solution together, where we combine both hardware sensors and software. We already have our product, software-wise, on this market. We provide this for the Aadhaar systems. This is about matching fingerprint, but also for anti-spoof, which is a really relevant area nowadays that enables or prevents thieves or those who want to manipulate the system to get access. This has been an important area for the solution to get into the Aadhaar system, for instance. This is a more general solution we have. This is something we can address not only Aadhaar in India, but all national ID systems, including areas like Southeast Asia, Africa, and South America. This is a really exciting area for this joint company. We have the mobile phones, of course. This is an area where we will continue to provide software solutions, and this is more targeting or specifically targeting ultrasonic sensors. Precise Biometrics has a history in this. We have a close cooperation with Qualcomm in this space. This is where we provide our software technology, both for matcher and anti-spoof to mobile phones worldwide. This is a growing area for us. Ultrasonic as a specific sensor is something that is growing within the frames of mobile phones and where we have a strong presence and where we again see a growing market. We have biometric hardware systems in general for consumer, for IoT, for payments. This is where we are really active today. This is an area that is also growing, where we can enable biometric systems that increase not only security but also convenience. You get this mapping between the user and the right to access that increase the security substantially for high-security facilities down to secure safety boxes. We have the physical access and visitor management, which is an area that we also see a lot of potential in. Here we have the modality of face and palm. This is where we also have a growing market. We have over 800 customers already. This is enterprise business. This is also a growing market where we see good potential, more in Europe but also in the United States. Looking at the market in general, this is a market that is partly driven also by the macro trend. We have AI that is on everyone's lips nowadays. This is also driving the need for even more secure systems and technologies, since it's also enabled fraud capabilities for criminals. We have the digitalization as a driver, also the security climate in the world. The security situation in the world in general drives the need for more secure solutions. This is where we are able to provide both hardware and software technologies for the areas that I just mentioned. If we look at the core segments, they are expected to grow 15%-25% annually over the next five years, according to analytic reports. This includes physical access, visitor management, and cybersecurity areas in specific. There is good potential, but what I want to stress, this is also areas where we are able to gain market share with this joint offering we are now forming with the merger. If we look a little at the rationales behind the merger, we can see four fundamental things. We have the complementary offerings. I mentioned it already. Precise Biometrics historically come from software, FPC from hardware. Together, we get this mix of products that increase the position in the value chain, but also the broadness of the offer, where we can address not only customers that we had and were able to address on our own, but now we can address other types of customers, and we can get the biggest share of the wallet, if you like, from the customer, since we are growing the value of the offering. We have the synergies. This is extremely important. When merging two companies, we have gains from cost synergies. This includes everything from joint systems, administration, management, the boards, and so on and so forth. Altogether, it adds up to more than SEK 45 million that we will be able to execute on here during the fall of 2026. We will then move into 2027 with the synergies executed. The extended reach and relevance. This is extremely important. Together we get more presence geographically, but we are also able to bring this broader offer to a bigger variety of customers. We will do this both with the current sales force, but also we will add more sales and market efforts here moving forward when we address this larger market with this larger offering. We'll enable then the cross-sell and the up-sell to customers, but also addressing new customers. The number four here is the foundation for consolidation. With bringing these companies together, we get a bigger company, but we also get the capabilities of continued growth with further consolidation when we have shown the success with this integration and this merger, and create this leader in biometrics and security and identity. If we look a little at the numbers, if we look at the 2025 numbers, actually we had about the same revenue, SEK 17 million. It adds up to SEK 156 million. This is the pro forma for 2025. If we add then these cost synergies of SEK 45 million, that will bring us to profitable EBITDA number of 17%. What I want to show with this picture is that the fundament for the financials here moving forward is there. If we can execute on these SEK 45 million, add the increased sales and customer value in the next step and accelerate that journey, we will definitely be able to prove a profitable growth here during 2027 and onwards. I touched on the geographical reach. We have the headquarters in Lund. We have also offices in Gothenburg and Stockholm, but maybe even more importantly, this is where we have the majority of development and part of the sales as well. We have presence on local markets, both in Asia and India and U.S. This is to show this complementary go-to-market footprint that we enable with the combined company. Again, we enable also climbing the value chain. We are able to address a greater share of the customer wallet and upsell, cross-sell capabilities, not the least here moving forward. Looking at the growth, we look at organic growth and a continued M&A journey. We have a fragmented market. There are a lot of companies within the area of cybersecurity and identity management and so on and so forth, that is a little struggling with the growth because they are limited on a specific geographical market or in a specific customer segment or offering segment. This is a typical area where we can come in, and with a larger scale, we can bring those companies in and continue this journey. I see that we will be able to grow organically with the current customer base, new customer base and our current offering and winning new strategic customers with this bigger offering, but also in the next step to do these M&As with these smaller companies within, for instance, identity management and security and related areas, I would say, where we can bring value into our offering, technology-wise or customer-wise, but also from a geographical standpoint. We have a new organization in place. We have a management team I'm really happy about and proud of this management team. Really strong members, which is a mix of Precise and FPC managers. I feel really confident with this team and that we will be able to execute here moving forward. We also have a really strong board. Also that mix of FPC and Precise. More importantly, vast experience in very relevant areas, including both hardware, software, security, and general background history and knowhow of running company and growing a business. If we look at the timeline, we had the July 20th as the day for the merger, and we have a project ongoing now for the integration and the synergy work. This is something that has been going on for some time, we are already executing on that in full speed. We have already come a good part of the way here towards the SEK 45 million in cost saving, continue to execute on that. The target here is to have that in place by the end of this year. We will be able to have the companies fully integrated, have the synergies executed, and go into 2027 as this merged company with forward-leaning marketing and sales capabilities, but also a larger product portfolio. With that said, we will also be very careful with the current customer base. We will be very focused here initially also to take care of the current customer base. We will grow into these new offerings and cross-sell capabilities here during the fall and into next year so that we can continue to grow from where the two companies come in in this merger here by the July 20th. A few words about the rights issue coming up. We're targeting to raise SEK 110 million. SEK 100 million is guaranteed already. The use of these proceeds is to, of course, realize this merger and integration and the synergies so that we can get the companies together so we can still be able to execute in full speed, but with a lower cost base, but also increased revenue moving forward. We will also enable the commercial initiatives as mentioned with the sales power of this enlarged team with new geographical markets for each of the companies and also this broader offering that we will bring to the table with the merged companies. We have a bridge load that we need to finance as well. Those are the three main things. Again, what is attractive with this new setup and the business here moving forward, I have talked about the synergies and the SEK 45 million in cost savings, so that all together brings more comfort into the financials. I think more importantly is the strong combined product and solutions that we are able to create together that can address the physical and logical security, national ID as I mentioned. We have the ultrasonic business payments. We have payment cards as part of this business. This hasn't really taken off yet, but there is a good potential that when the day comes where we can execute on that. There is already today business in that segment, but that combines also the access part of using a biometric card. That is really interesting. Then we have the visitor management. That is an area that is also growing. We have a really strong presence in Sweden and Nordic, and we are now sort of moving outside the Nordics into the U.S. and rest of Europe with this. I also would like to mention the product as such where Precise has, over the last two, three years, worked really hard to develop the next generation of software products for matching and anti-spoof and then also grow the capabilities within data collection and spoof collections. Together with FPC's hard work with the AllKey offering where they have brought a sensor into biometric secure platform that together with the software creates a full stack hardware/software platform that enables biometrics in these mentioned areas is really strong. All together, the combined offer here has really interesting potential. To add to that is the structural tailwinds due to geopolitics and AI that I mentioned earlier regarding the security situation in the world that is driving sort of the need for more secure solutions and specifically biometrics. Moving into the summary. Really important to keep the momentum in the current business. We will make sure that we handle the current customers, but also continue now to accelerate sales and marketing and get sort of the offering together. Execute on the integration and be on track for that by the end of this year and deliver on the cost synergies and the joint capabilities. I think what is really important here also is the offering moving forward. Step one will be to take the obvious parts of the business where we combine sort of the current software algorithm with the AllKey hardware and make that. There are, of course, a lot more potential here in the next step where we together develop sort of the next step of solutions that will deliver the security of certified and well-tested security solutions of highest standard. We will enable this towards physical and logical access, but also payment and identity management of course. The whole need and the requirements from the market and the why companies and our customers will need and will be able to and want to pay for this is to prevent this unauthorized access, identity fraud, and cyber attacks. With that, I would like to say thank you. We make people's everyday life safe and seamless in a world where you are the key and this is where we are driving this company. Thank you. All right. Thank you, Joakim. I think we can proceed to answer some questions that we have received during the meeting. The first question that we received was: Is the integration project initiated, and what's the status? It is indeed initiated and up and running. We have 14 work streams that we're executing on with a number of tasks. That includes everything from making the systems merged, financial system, IT system, patent portfolio, customer contract partners, you name it. It's a long list, and it's fully up to speed. This includes also the cost-saving activities here over the next six months. As mentioned earlier, we have already started with the cost savings and is way ahead already on that. I feel really confident that we will be able to execute on this here within the next six months. All right. Which areas and markets do you see as the most exciting for the combined company in the coming years? Where do you see the greatest growth potential? We actually got a specific question regarding the biometric cards. Yeah. I would summarize this in saying that logical and physical access is definitely one area. This is or maybe several areas, but one larger part of the scope here within access. Where we have logical access, which is the FIDO tokens and secure digital logins, and we have the physical access. This is important in areas where both companies had previously also been active. This is something that is growing. We have the national ID, and this is an area where we have activities where we are already sort of a certified solution provider, but where we together can bring a larger offering to the table that we will be able to do here moving forward. We have the ultrasonic sensor. As mentioned, this is a software business, but great growth in that. We have the security solutions, specifically then related to crypto wallets, but also payments. Payments and payment cards are definitely an area where we have a strong certified solution. The market for payments has not taken off. We see this as sort of a potential growth area. Important in that space is also that this technology and these cards can also be used for secure access. It has dual capabilities from that sense. When talking about sort of these payment/access cards, I see good growth potential here moving forward as well. All right. In connection with the merger, you have communicated cost synergies of at least SEK 45 million per year. Where did these primarily arise, and what is the timing, and when should they start to be visible in earnings and cash flow? This is about sort of cost savings. We're merging two companies. We will be able to reduce costs for management, administration, IT, finance, offices. We have two offices in China. That will be one cost savings and so on and so forth. That is something that we're executing on here as we speak. Again, we are already up and running on that, and we will be able to execute on that here during the fall. The target is to go into 2027 as sort of a clean company. With that said, there are termination periods that could sort of go a little into next year, but we will be able to execute on everything here during this year and have sort of a clean sheet here for the business here moving into 2027 with a fully integrated company focusing on gaining sort of the market and new customers. All right. Speaking of timing, how do you view the M&A journey? Is that something that you think will require financing from shareholders, or is that something that we have further down the pipe? That very much depends on the specific merger, let's call it object or the situation we have at that specific time. We have a plan or a strategy here that targets two different kinds of mergers or acquisitions. One is this smaller, maybe technology company that is early in the commercial phase but brings, from a technology perspective, a lot of value to our company. That is sort of a smaller acquisition and require then smaller means. If we are looking at a little larger acquisition where they are running business that will take us into a new customer segment or a new product segment that in a way complement our current technology in a very good way, that is a larger thing. We need to look at whether that will require an emission related to that. We will come back to that when that day comes. All right. Thank you very much. I think that was all the questions. All right. In that case, thank you very much for listening. Really happy to give you this insight. Please don't hesitate to reach out if you have any more questions. Thank you.