TagMaster reinforces and renews the board with the ambition to take the company to the next level

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Press release, Stockholm, Sweden, March 15, 2021

TagMaster has during a ten year period grown from a company with around 40 MSEK without any major profits to a company with close to 300 MSEK in sales and shown good profits for the last 8 years. This has been made possible through refocusing from a technical company with one product line (RFID for demanding applications and longer distances) to successively focus on the customers of the company and on what today is called ITS (Intelligent Transport Systems) with a wider product portfolio and increased integration of products completed with software. This has been done through major organic growth as well as through acquisitions of technology as well as market position mainly in France, UK and the US.

ITS is a fast growing market driven by urbanization as well as by increasing environmental requirements. More efficient transport systems form the base for reduced emission from the transport sector, private and commercial traffic. Electronic and intelligent solutions based on modern sensors, new communication technology like LoRaWAN and 5G and software systems with AI (Artificial Intelligence) components are cornerstones in this development and it is also a description of the new TagMaster offering.

Since the company now is ready, through an expansive growth plan to take the company to the next level as one of or may be even the leading actor in ITS, The TagMaster nominating committee proposes a renewal and a reinforcement of the company board for the annual general meeting April 29th.

TagMaster’s nominating committee proposes to expand the board to 6 (5) members and a deputy where Bernt Ingman and Magdalena Bonde are elected as new members. Bernt Ingman is proposed as new chairman of the board while the present members of the board, Rolf Norberg, Juan Vallejo, Margaretha Hagman and Gert Sviberg remain on the board as well as the company CEO, Jonas Svensson, continues as deputy.

About Bernt Ingman

Bernt has during the last couple of years been board member in several companies like Beijer Ref AB, Pricer AB and SBC(Sveriges Bostadsrätts Center AB) and he has before that had positions as CFO and some times CIO in companies like Doro, Gunnebo, Husqvarna, and Munters. He also has major experience from investor relations. Bernt has, where he has been active, created profitability and growth and he has also worked much with acquisition driven growth.

About Magdalena Bonde

Magdalena is presently Group CEO for Eniro Group AB (publ). She has earlier had several positions as CEO, CCO and COO in bigger and smaller companies within telecom, e-commerce and media. Magdalena has a strong focus towards the commercial side, market and sales and major experience of digitalization. With these experiences and characteristics we expect Magdalena to contribute to a strengthening of the future development of the company.

Rolf Norberg comments the proposed changes:

“After 10 years on the TagMaster board, of which 9 as its chairman it is time for renewal and we have now found a very suitable person in Bernt Ingman who has successfully been driving a few growth journeys. I therefore think it is a very good opportunity to hand over and at the same time I have been encouraged to stay as board member, which I have accepted. I hope I can continue to share my experiences to support the future expansion of TagMaster for some time.”

For further information, please contact

Rolf Norberg, Chairman of the board, rolfn49@gmail.com

Gert Sviberg, Chairman of the nominating committee, gert.sviberg@outlook.com

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, magnetic and vision technology for demanding environments. Business areas include Segment Europe and Segment USA sold under the brands TagMaster and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has subsidiaries in UK, France and US and exports mainly to Europe, The Middle East, Asia and North America via a global network of partners and systems integrators. TagMaster was founded in 1994 and has its headquarters in Kista. TagMaster is a public company and its shares are traded on First North stock exchange in Stockholm, Sweden. TagMasters certified advisor is FNCA Sweden, phone +46852800399, E-mail: info@fnca.sewww.tagmaster.com