Thalwil, Switzerland – February 5, 2018 – u‑blox (SIX: UBXN), a global leader in wireless and positioning modules and chips, today announces that Mr. Fritz Fahrni, Chairman of the Board, for reason of his age will not present himself as a candidate for re‑election as a Board Member at the forthcoming Annual General Assembly on 24th of April 2018.
Mr. André Müller, member of the Audit Committee, will be proposed for election as Chairman of the Board at the Annual General Assembly.
Mr. Ulrich Looser will be proposed for election as non‑executive director to join the Board of u‑blox Holding AG.
About Mr. Looser
Mr. Looser has vast experience in private equity investments and consultancy. Prior to founding Berg Looser Rauber & Partners in 2009, he was managing director at Accenture from 2001 -2009, after a career at McKinsey & Company (1987 – 2001). Mr. Looser holds a master’s degree in physics from ETH Zurich and a master’s degree in economics from the University of St. Gallen. Mr. Looser is a board member of Kardex Group, Straumann Group as well as LEM, and is a member of various associations and foundations.
Swiss u‑blox (SIX:UBXN) is a global leader in wireless and positioning modules and chips for the automotive, industrial and consumer markets. u‑blox solutions enable people, vehicles and machines to locate their exact position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules and software solutions, u‑blox is uniquely positioned to empower OEMs to develop innovative solutions for the Internet of Things, quickly and cost‑effectively. With headquarters in Thalwil, Switzerland, u‑blox is globally present with offices in Europe, Asia, and the USA.
2017 Full year results: March 15, 2018
Annual general meeting: April 24, 2018
This release contains certain forward‑looking statements. Such forward‑looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u‑blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group’s products, the potential for the Group’s products to become obsolete, the Group’s ability to defend its intellectual property, the Group’s ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group’s ability to generate revenues and profitability, and the Group’s ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u‑blox is providing the information in this release as of this date and does not undertake any obligation to update any forward‑looking statements contained in it as a result of new information, future events or otherwise.
This press release is published in German and English. Should the German translation differ from the English original, the English version is binding.