OSLO, NORWAY– 28 February 2017, –Zwipe shared 2016 fourth quarter business highlights this week as part of its investor presentation hosted by Carnegie Norway, a prominent Nordic investment bank.
Zwipe has continued to make progress on testing, product expansion and market development in all three product verticals, Payment, Access Control and ID solutions. With a focus on preparing for large scale commercialization, the company has invested in organizational development, internal infrastructure and customer-centric R&D.
On the payment side, the company confirmed that it is on track for an expected launch in 2017 of dual interface biometric payment cards while also sharing that it has entered new statement of work agreements with two multinational card manufacturers in the quarter.
Regarding Access Control and ID solutions, Zwipe was pleased to communicate a large follow-up order from an existing customer in the United States. The critical infrastructure company, with an extensive network of facilities across the West Coast made the order following a successful initial deployment. This comes on the heels of Zwipe confirming a new partnership with ISG, a network of 33 solutions resellers covering the whole of North America, providing entry to an extensive sales channel for both Access and ID solutions. In Asia, Zwipe signed a letter of intent with a prominent Chinese public transportation company, paving the way for increased global product deployment.
Further, the company raised NOK 36 million of new equity in February expanding the support shown towards the economic potential of Zwipe’s unique technology and offerings.
OSLO, NORWAY– 2 February 2017, –Biometric technology company Zwipe is pleased to announce that the company has completed a $4.3 million (NOK 36.5 million) private placement of new shares to existing and new investors, including its newest board member, Jörgen Lantto, and other members of the board. This latest equity capital round follows Zwipe’s $5 million financing in 2015 and brings total raised in equity, debt and grants since inception to $19 million.
Started in 2009, Zwipe is focused on developing and commercializing secure, fast and easy to use biometric authentication solutions in three key areas: payments, access control, and ID. Within payment and identification cards, Zwipe has the world’s only biometric authentication engine that can perform full ID verification without the need for batteries or a fixed power supply.
Zwipe is pursuing a growth strategy and has strengthened its organisation, board, partnerships and market presence further during the last part of 2016 and into 2017. The company is preparing a commercial launch of technology for payment solutions and is now moving towards a larger scale product roll out.
“We are adding capital to strengthen our financial flexibility, assuring our ability to deliver on our positive and maturing partnerships across the world,” said Kim Humborstad, Founder and CEO of Zwipe, adding “this latest financing enables continued investment in organizational development, internal infrastructure and customer centric innovation on our biometric authentication solutions. We look forward to continue on our scale-up journey in 2017 and beyond.”
TOKYO, JAPAN– 26 January 2017, – Biometric technology company Zwipe was introduced this week to major card manufacturers and companies working in Fintech by Monica Mæland, the Norwegian Minister of Trade at a seminar organized and hosted by Zwipe’s partner in Japan, Hitachi High-Technologies.
The purpose of the visit by the Minister was to meet with Japanese and Norwegian businesses working together in Japan seeking to strengthen the strong cooperation between the two nations. With an emphasis on innovation, especially in Fintech, the Norwegian government has expressed a strong interest to support companies like Zwipe.
The cooperation between Hitachi High-Technologies and Zwipe was formalized with the outlook to collaborate on both technical and business development objectives. The Japanese market for both e-money and payment cards is fast growing as the people’s preference to use cash is shifting towards more secure and convenient alternatives. As much as 40% of all transactions are currently made with cash, according to the Japanese Fintech Association. In parallel with this shift the Japanese payment industry is recognizing the importance of adopting open world standards, targeting the Tokyo Olympics in 2020 as the critical deadline for changes. This activity is supported by the Ministry of Economy, Trade and Industry (METI). Additionally, biometric access control is seeing significant interest in the Japanese market, with many biometric alternatives already being adopted.
“At Hitachi we believe in collaborative creation and that is why we have partnered with Zwipe. The solutions offered by Zwipe in regards to payment, access control and ID provide complimentary offerings to our already strong and innovative solutions mix” said Ichiro Matsuba, General Manager, Electronic Components & Materials, adding “ we have already deployed Zwipe Access solutions in the market here in Japan and we have seen significant interest for both Zwipe payment and ID solutions.”
Zwipe was represented at the seminar by their SVP of Sales and Marketing, Einar Boije, who held an hour-long presentation to potential customers, representing major card manufacturers and companies working in Fintech. The presentation focused on familiarizing the attendees with Zwipe’s offerings as well as detailing Zwipe’s go-to-market strategy in Japan.
Speaking on the event, Einar Boije commented “ We are very honoured to be working alongside our partners Hitachi High-Technologies and to have such positive support from the Norwegian government. Zwipe’s global expansion strategy is to establish and build strong partnerships with industry partners who have significant market impact and a high level of competence. With Hitachi’s market expertise and network we were able to bring together many important decision makers in the same room providing our partnership a real opportunity to take our business in Japan to the next level.”
NOTE TO EDITORS: A downloadable press kit can be found at zwipe.com or by clicking here.
Zwipe PR Contact: Ado Fazlic, Zwipe, +47 930 44 040, firstname.lastname@example.org
Hitachi High-Technologies Corporation PR & Investor Relations:
Shota Sano, Zwipe, +81-0-3504-3933
DUBAI, UAE and SHENZHEN, CHINA– 26 January 2017, – Zwipe is off to a busy start in 2017 with a range of activities across the world. The company had multiple teams active in the Middle East and Asia cultivating relationships with key strategic partners in both markets.
The access control sales team visited InterSec in Dubai, one of the world's largest security conferences. Alongside Zwipe's partners in the region, Mawarid Technology, the team was able to secure many important meetings with distributors and systems integrators who specialize in providing innovative solutions not just in the Middle East but Africa and Asia as well.
Speaking on the event, Zwipe's recently appointed Director of Sales EMEA, John Laws commented,"InterSec is a great event to meet all the major players in the region, especially considering our focus on government, health and military clients. Interestingly we were able to meet and showcase our solutions to both education and banking organizations as well, with many important follow-up appointments confirmed already."
Zwipe has put an emphasis on developing this market in 2017 and the company plans to participate in more large events like InterSec in the region this year.
A bit further east, ahead of the Chinese New Year, Zwipe and Kuang-Chi organized several meetings seeking to expand cooperation in China both technically and commercially. Meeting with potential new partners in the area and also many prospective clients.
" We were very happy to be hosted by Kuang-Chi in their offices in Shenzhen and Hong Kong. We saw great interest in deploying our solutions in the region through partners whose customers include some of the largest companies and organizations, not just in China but across the whole of Asia. " said Einar Boije, SVP of Sales and Marketing.
Zwipe's sales and marketing team is currently in Japan as part of a previously arranged kick-off with their partner Hitachi High-Technologies.
KANSAS CITY, USA– 13 January 2017, – Identification Systems Group (ISG) formally introduced Zwipe Access and ID solutions to it's extensive member network today.
Started in 1982 as an association for identification system dealers across North America. ISG is a network of local experts in identification, security and card personalization solutions, providing high quality, cost-effective solutions backed by local dealers. Certified members are identification industry veterans that cater to projects large and small, local and nationwide, providing consistent cohesive services and technical support for clients with locations across state or country borders.
The 34 regional ISG member companies have more than 100 offices nationwide, located in every major metropolitan area, with over 500 sales and service experts with local support in most geographic areas across North America. Combined annual sales exceeds 300 million USD, with products and services being sold to a vast array of markets including, corporate, healthcare, education, local, state and federal government, retail and hospitality and financial and insurance institutions.
Commenting on the new partnership, Bob Fee, Zwipe's Director of Sales for Access Control North America," ISG is an excellent platform for us to put our products in the hands of some of the most reputable distributors and integrators in North America. The extensive reach of the organization allows us to expand our sales and also gives us an opportunity to present our solutions in exclusive events only accessible to certified ISG members."
OSLO, NORWAY– 19 December 2016, – Biometric tech company Zwipe is pleased to announce the addition of Orlando Martinez as the company’s new Chief Operating Officer (COO) and John Laws as the new Director of Sales Access Control EMEA.
Zwipe’s new COO Orlando Martinez has an extensive background in bringing innovative biometric technology to market and driving international business expansion and organizational development.
“We are entering a very important time at Zwipe, moving towards larger scale product roll out and having someone with Orlando’s pedigree join our team is a real triumph. His background and understanding of what it takes to grow a biometric technology company will be a great asset for our team,” said Kim Humborstad, CEO of Zwipe, adding “Orlando will play an instrumental role as we navigate the expansion and mature our capabilities.”
“I bring with me a deep appreciation for Zwipe and its unique biometric authentication solution. I look forward to leveraging Zwipe’s technology leadership and driving the implementation of the company’s exciting growth strategy”, Martinez said.
In 1999 he cofounded SecuriMetrics, a biometrics company that revolutionized identity management systems used by the U.S. Department of Defense and the U.S. Intelligence communities, the company was acquired by L-1 Identity Solutions and merged into Safran’s MorphoTrust, today a leading identity solutions and services company in the U.S. At SecuriMetrics, Martinez was part of the team that started and scaled the company until sales reached approx. USD 50 million in 2007, at which point the company was sold and merged into a larger unit to strengthen growth capabilities. For 12 years, from 1999 to 2011, Martinez led a variety of operational, marketing, sales and business development positions at his first biometric venture, before he joined CGI Federal as the Director of Applied Technology & Cyber Solutions. He spent 4 years at CGI managing the CGI Security practice which included biometric based intellectual property as well as the Cyber Security offerings. Martinez joins Zwipe from IT performance management company Snarf Networks where he was the SVP of Business Development.
John Laws joins Zwipe with over 15 years of sales experience working with major accounts in the Access Control industry at industry giants HID and Honeywell. Prior to his career in the security industry he was a decorated infantryman in the British Army. His exemplary track record and diverse international network make him an ideal representative for Zwipe in key target markets all over Europe, the Middle East and Africa.
Commenting on the new hire, Einar Boije, SVP of Sales and Marketing said, “John is a determined individual, with a demonstrated understanding of how to deliver innovative security solutions to a diverse set of clients. His addition to our sales team strengthens our ability to take Zwipe to new and larger volume clients in 2017.”
Find the full press release here.
NOTE TO EDITORS: A downloadable press kit can be found at zwipe.com or by clicking here.
Zwipe PR Contact: Ado Fazlic, Zwipe, +47 930 44 040, email@example.com
SANTA CLARA, USA 16 December 2016 - Zwipe was one of eleven handpicked companies invited to Intel Capital's premises to present their technologies as part of a Future of Payment Technology Day this past week.
Zwipe was represented at the event by Louis Bianchin, Director of Strategic Alliances, who held a thirty minute presentation introducing Zwipe to Intel Capital's cross-payment team covering biometrics, POS/retail and the wearables market. Others in attendance were also Intel Capital's ecosystem partners representing some of the payments industry's largest and most important players. The venture capital firms Technology Day serves as a platform from where selected companies, like Zwipe, get an introduction and opportunity to meet the vast network of decision makers that work with and for Intel.
Commenting on the event, Louis Bianchin said "initial feedback was positive and we were able to have an excellent dialogue with the Intel team. We are definitely looking forward to the follow-up in the coming months."
Operating globally with an emphasis on building technology ecosystems, Intel Capital is a stage agnostic investor, working with companies of virtually every size. Intel Capital has invested more than 11.6 Billion USD since 1991 in over 1,440 companies across 57 countries. For more information about Intel Capital, please visit www.intelcapital.com
CANNES, FRANCE 2 December 2016 - Zwipe participated in Cartes Trustech this week, one of the world's most prominent card technology and payment industry exhibitions. Senior executives from over 130 countries flocked to Cannes to participate in a week of intensive forums and discussions about some of the industry’s most pressing topics. Artificial intelligence, the future of payments, IoT connectivity, digital identification and biometrics were just some of the major burning issues reviewed. This year's event saw considerable enthusiasm for biometric technology, specifically biometric smart card applications.
Commenting on this development, Einar Boije, Zwipe's SVP of Sales and Marketing who was a speaker and panellist at the Biometrics for Authentication session at Trustech said, "It is definitely an exciting time to be in this space. From our perspective, seeing this heightened level of interest in biometric smart cards is clearly a positive signal. We remain very well positioned to maximize this interest and to adapt to the evolving opportunities that are presenting themselves in the different market segments that we operate in."
The increased interest in biometrics follows a major emerging trend this year, with a whole host of authentication applications coming to market with ranging levels of adoption. Many experts and industry insiders agree that the new wave of FinTech innovation is changing the way the payment ecosystem functions. With this emphasis on what is shaping the future of trust based technologies, Trustech was a true meeting point, with many key players and decision makers present.
"We had many excellent meetings with both existing partners and new parties that expressed an interest in working with us. It was time very wisely spent as we were able to speak intimately with some of the industry's largest and most strategically important companies. Looking forward we feel confident that we are on the right path and working with the right partners,” added Louis Bianchin, Zwipe’s Director of Strategic Alliances.
A majority of Zwipe’s entire value chain was well represented at Trustech. With very many meetings scheduled in advance of the exhibition. Summing up his experience, Einar Boije said, “we left Cannes in great spirits as we were able to confirm progress being made on both technical and commercial fronts.”
OSLO, NORWAY- 25 November 2016 - Zwipe's SVP of Sales and Marketing, Einar Boije, will be speaking at Trustech next Tuesday, November 29. Participating in the segment titled; Biometrics for Authentication: Death of the Password.
Einar's topic will center on the evolving world of biometric authentication and how the world is progressively moving away from PIN and passwords and adopting biometric solutions.
Trustech is the world's largest event dedicated to trust-based technologies, specifically payment, identification, connections and security. With over 18,000 attendees from all over the world the conference brings together key players across many industries that Zwipe is actively engaged in.
Find out more about Trustech here.
NEW YORK, USA - 18 November 2016 - Zwipe attended ISC East this week, one of the largest physical security gatherings in the United States. With over 225 exhibitors featuring some of the industries largest and most respected brands, ISC East provides an excellent venue to see the latest trends in the physical security industry.
Commenting on the event, Bob Fee, Zwipe's Director of Sales, North America "ISC East saw excellent attendance this year. Interest is high on finding new solutions such as Zwipe, focusing on higher level authentication for daily physical access applications." Adding "We met with many existing partners in the region and were able to introduce our Zwipe Access solution to a host of new potential customers and solutions providers."
Zwipe is slated to participate in many large events like ISC East, over the next few months ,with a focus on promoting and selling Zwipe Access and Zwipe ID solutions.
For more information about ISC East, please visit www.isceast.com