OSLO, NORWAY – 30 November 2017 –Biometric technology company Zwipe is pleased to announce that the company has completed a $4.3 million (NOK 35 million) private placement of new shares to existing and new investors.
“We are pleased that our value proposition – easy, secure and fast authentication – is acknowledged by both our investors and partners, as demonstrated by this capital raise as well as the progress we see in all our verticals, said Kim Humborstad, CEO of Zwipe, before adding:
“As a technology provider with a unique offering, we think we are perfectly positioned in the value chain to reap attractive margins and deliver scalability.”
Zwipe has developed the only commercially available fingerprint activated contactless payment card capable of operating without the need for a battery or fixed power supply.
“Our technology has been developed over the past 8 years, and is applicable to a wide range of verticals, including wearables, IoT, and smart cards,” emphasizes Humborstad.
So far, the company has commercialized two products, Access, and ID cards, which both have near-term revenue potential. In addition, Zwipe has developed a market-ready fingerprint activated payment card, which is widely expected to be the next generation mass market payment solution as confirmed by leading card manufacturers and payment schemes. The payment card is currently undergoing commercial pilots, making it the first such solution in the market.
Among the key milestones for Zwipe going forward, is the continued advancement of cooperation with global payment schemes, completion of pilots with multiple schemes and card manufacturing partners, commercial agreements for commercial deployment of payment cards and large volume contracts for access control.
This latest equity capital round follows Zwipe’s $4.5 million financing earlier this year and brings total raised in equity, debt, and grants since inception to $24 million. Zwipe’s is owned by both institutional and private investors, in addition to key employees and board members. After the transaction, subject to approval by an extraordinary general meeting held 7 December 2017, the CEO and founder, other key employees and board members will hold in total 26.6% of the outstanding shares.
Zwipe is a technology company that is making biometrics easy by developing and commercializing award-winning biometric authentication solutions for three key areas: payment, access control, and ID. Zwipe’s versatile technology works with customers’ existing infrastructure and systems without the need for external databases, functioning with and without the need for batteries. The enhanced security enabled by biometrics coupled with the convenience of contactless provides the ideal platform for a next-generation smart card that also addresses the privacy concerns widely prevalent today. To see how Zwipe makes biometrics easy, visit zwipe.com
Zwipe IR Contact: Lisbeth Breum, CFO +47 93 22 81 26, firstname.lastname@example.org
Toronto, ON, Nov 21, 2017 – G4S, Canada’s leading security solutions company, will now offer its customers the latest in access control solutions thanks to an agreement with Zwipe, a world leader in biometric technology. Zwipe offers the world's smallest and most portable biometric reader, allowing companies to upgrade to dual factor authentication without having to change a single reader or install any additional infrastructure. All solutions function independent of a database, meaning that the user’s biometric information is stored only on the card and nowhere else.
Commenting on the new partnership, Tim Saunders, Chief Business Development Officer, G4S Canada said, "Upgrading to biometric authentication in the past has been seen as expensive and cumbersome, this is why we partnered with Zwipe, no need to change existing infrastructure and quick and easy deployment of biometric access cards that function independent of a centralized database, they do make biometrics easy!"
Zwipe Access is a versatile fingerprint-activated contactless credential working seamlessly with existing 125kHz or 13.56MHz infrastructure, without upgrading or replacing any readers or backend systems. Only after activation by a fingerprint scan will the card allow communication with a reader. Zwipe combines the security of biometric authentication with the speed and convenience of contactless credentials. This solution makes the need for biometric databases, either on external servers or on cloud-based systems redundant, since the biometric data is securely stored on the card itself for each individual user. Only the rightful owner of the card can use it, and the fingerprint data cannot be deleted or extracted from the card.
G4S Secure Integration, a division of G4S Canada, is known in the industry for its proven experience as an established, large-scale systems integrator providing security solutions. G4S will introduce its customers to Zwipe’s biometric access card technology in a collaborative manner that effectively mitigates risk and maximizes return on investment
About G4S Canada
As Canada’s leading provider of security solutions, we offer an integrated security solutions approach. We will assess, integrate, equip and secure your environment. G4S employs thousands of Canadians and operates in offices across the country. For more information on G4S Canada, visit www.g4s.ca
November 15, 2017 Agoura Hills, California, USA - Chatsworth Products (CPI) has partnered with Zwipe®, a biometric technology company, to deliver a highly secure, easy-to-deploy, dual-factor biometric access control system for data center cabinets with Zwipe Access Cards and CPI Electronic Access Control (EAC) Solutions.
Elevating physical access control at the cabinet level provides a higher degree of security and control over IT assets and helps customers comply with security laws recommending dual factor authentication. Zwipe Access combines the security of biometric authentication with the speed and convenience of contactless credentials in a durable, fingerprint-activated card. By touching the sensor on the card, the card owner verifies their identity, and the positive fingerprint authentication will allow the card to communicate with the reader. The fingerprint data is registered and securely encrypted and stored on the card, and only on the card, so there is no need to maintain and secure a separate back-end authentication database.
“Our unique technology, which directly addresses industry mandates to upgrade user authentication while maintaining their privacy, has been adopted and integrated in a wide range of high security environments, with many data centers around the world already using Zwipe Access as their primary method to enter secure areas. Working with Chatsworth Products, we are confident that our offering will now be available to an even larger market,” says Einar Boije, Sr. Vice President of Access Control at Zwipe.
Additionally, Zwipe Access is fully compatible with the vast majority of existing employee ID systems and CPI’s Electronic Access Control (EAC) Solutions. Together, these solutions deliver a highly secure dual-factor access control solution at a greatly reduced cost over traditional systems that require integration of biometric readers into every cabinet handle.
“We see the need to push security and authentication down to the cabinet level, and believe two-factor, biometric-based authentication is the most secure system available. Our solution offers several options and with our new partnership with Zwipe, we are providing a better solution to the data center community that is easy to use and maintain, as well as reduces the overall cost and complexity of deploying high security to the cabinet level,” states Ashish Moondra, CPI Sr. Product Manager of Power, Electronics & Software.
Additional benefits of Zwipe Access:
Zwipe Access is deployed over existing readers, eliminating the high cost of converting readers for biometric scans.
For more information about how Zwipe Access works with CPI’s EAC to provide the highest level of security and accountability, click here.
OSLO, NORWAY, 2 October 2017 – Zwipe has announced that it has made the first shipment of its biometric technology products, for use in commercial contactless biometric payment card pilots by leading card manufacturers and banks.
Commenting on the announcement Kim Humborstad, CEO of Zwipe said “We now have extensive agreements in place with some of the world’s leading card manufacturers, paving the way for commercial deployment with banks over the course of 2018.”
In total, Zwipe’s card manufacturing partners represent over 40% of the global smart card market, per volume shipped per the Nilson Report. Zwipe has entered into seven new agreements with both card manufacturers and payments ecosystem partners with a focus on meeting escalating commercial demand for biometric smartcard solutions.
Zwipe received their first commercial orders for their contactless biometric payment card inlay in June of this year. Providing further insight, Pascal Dufour, SVP of Payment at Zwipe said “we have received additional orders based on progress made this summer for our solution which is fully market ready. Upon successful completion of pilots, commencing in the fourth quarter this year, our partners have communicated expected volume roll-outs numbering in the several hundred thousand range in 2018.”
The rapid growth of contactless payment is a key driver for the integration of biometric technology on conventional payment cards. Contactless payment card adoption throughout the world has seen double digit growth globally, and with that, contactless transaction fraud has also grown equally as fast. Additionally, new regulation is seeking to address these challenges by mandating much stronger consumer authentication, as seen in the European Commission’s Payments Services Directive, PSD2. Biometric enabled contactless payment cards directly address these issues.
Zwipe’s biometric contactless payment card is the only smartcard solution commercially available, and the only solution capable of operating without the need for a battery or fixed power supply. Other biometric card concepts are most commonly capable of contact-only payment, or operate with the support of a battery.
Addressing the market and Zwipe’s position, Kim Humborstad added “The industry’s biggest movers, card brands, card manufacturers and key technology stakeholders across the ecosystem are investing heavily to gain an advantageous position in a market segment that is here now, with Zwipe being the leading technology provider.”
OSLO, NORWAY – 22 September 2017 2017, – Biometric tech company, Zwipe, will be well represented at one of the world’s largest security trade shows, ASIS International 63rd Annual Seminar and Exhibits ( ASIS 2017 ) beginning next week in Dallas, Texas.
With over 22,000 industry guests from all the over the world and across the security spectrum expected to participate, ASIS is regarded as one of the world’s premier security events and will be a key showcase for Zwipe’s partner network in North America.
Commenting on Zwipe’s participation, Einar Boije, SVP of Access Control said “ASIS 2017 is an excellent venue for us to work alongside our partners who will be taking the lead in promoting Zwipe Access solutions to the largest security market in the world” adding “we see a fast growing need for increased security for access to buildings and systems. Zwipe’s biometric access cards are a perfect fit for all those companies and organizations that want to make this necessary upgrade, but without changing their existing systems.”
Zwipe Partners at ASIS 2017
Working through our partnerships with the ISG Network, one of Zwipe's partners present at ASIS 2017 will be Identisys. A major full-service security, identification, and card solutions provider representing more than 70 key manufacturers in the ID and security marketplace meeting customer needs in corporate, education, financial, gaming, government, healthcare, transportation, and other markets. Identisys is actively promoting and selling Zwipe Access and ID Solutions and they can be visited at booth #2015.
As we recently announced, Identiv, a world leading provider of physical security and secure identification will be demonstrating Zwipe Access cards at their booth #3617. Identiv will be providing formatting services for Zwipe and through this collaboration, Zwipe customers can now order Zwipe access control products pre-formatted with the most popular 125 KHz and 13.56 MHz smart card formatting schemes, enabling seamless integration with end-customer systems without the need for additional card formatting services by the integrator. This opens Zwipe to a large new customer base for the first time.
ASIS 2017 will take place from September 25th to the 28th and will feature keynote addresses from former US President, George W. Bush, and serial tech entrepreneur Mark Cuban among others. Visitors from all over the world will gather to see the latest and greatest developments within a wide range of security applications in addition to educational seminars and presentations that will focus on the constantly evolving world of security.
If you are interested in meeting Zwipe while you are at ASIS 2017, please make contact directly with
Bob Fee, Director of Sales, Americas, +1 630 207 6148, email@example.com
Einar Boije, SVP of Access Control & ID, +47 951 96 349, firstname.lastname@example.org
OSLO, NORWAY – 14 SEPTEMBER 2017, – Identiv, Inc. (NASDAQ: INVE) today announced that the company has partnered with biometric technology company Zwipe for access control card formatting services. Identiv’s U.S.-based card service bureau is programming the radio frequency identification (RFID) chips in Zwipe’s biometric credential line, providing all physical access control system (PACS) formats from Identiv’s portfolio. Identiv will present samples of Zwipe’s biometric cards during ASIS International 63rd Annual Seminar and Exhibits (ASIS 2017) on September 26 – 28, 2017 in Dallas, Texas.
In order to encode its biometric cards in a wide variety of formats, Zwipe connected with Identiv. Identiv’s encoding solutions are fast, flexible, and far less expensive than competing providers. Through this collaboration, Zwipe customers can now order Zwipe access control products pre-formatted with the most popular 125 KHz and 13.56 MHz smart card formatting schemes, enabling seamless integration with end-customer systems without the need for additional card formatting services by the integrator.
“Identiv is seeing strong growth in the interest for biometric-enabled access control solutions,” said Stephane Ardiley, Identiv Director Product Management. “The Zwipe credential products are very user friendly and offer a fast and efficient way for customers to upgrade to a biometric security level in their access control installations, without the need to change their readers and back-end system. We see a good market opportunity for Identiv by supplying formatting services for Zwipe cards, which we believe meets a strong and growing need in the marketplace.”
Zwipe’s biometric credential is delivered as credit card-sized card with a powerful, embedded biometric sensor for user enrollment and identity verification. After successful authentication via fingerprint, the radio frequency identification (RFID) interface of the card is enabled, allowing the card to behave like a typical access control credential.
“We are very excited to work with Identiv, as it allows us to address a large segment of customers for the first time — not just in the U.S. but across the world — thanks to the company’s expansive customer network,” said Einar Boije, Zwipe’s SVP of Access Control. “With Identiv’s capacity, we can now provide formatting services alongside our access control product lines, making it that much easier to integrate and deploy the world’s smallest biometric reader.”
Visit Identiv at booth 3617 during ASIS 2017 to see samples of Zwipe’s biometric credentials. To schedule a meeting during the event, please fill out this form. If your company has complex card encoding needs, contact Identiv at +1 888-809-8880 or email@example.com.
Identiv, Inc. is a global provider of physical security and secure identification. Identiv’s products, software, systems, and services address the markets for physical and logical access control and a wide range of RFID-enabled applications. Customers in the government, enterprise, consumer, education, healthcare, and transportation sectors rely on Identiv’s access and identification solutions. Identiv's mission is to secure the connected physical world: from perimeter to desktop access, and from the world of physical things to the Internet of Everything. Identiv is a publicly traded company and its common stock is listed on the NASDAQ Capital Market in the U.S. under the symbol “INVE.” For more information, visit identiv.com
OSLO, NORWAY – 30 AUGUST 2017, – Identity and security company Nexus Group and biometric technology company Zwipe have signed a distribution agreement and launched the sale of Zwipe’s biometric access cards via the online portal Nexus GO Cards as a Service.
Compromised security and illegitimate access to buildings and systems is a constantly increasing concern with government and private organisations alike. With Zwipe’s biometric access card, the user completes the identity verification process by simply placing their finger on the fingerprint sensor on the access card before presenting it to the card reader. Only the rightful owner of the card can use it, hence a lost or stolen card, or employees exchanging cards is no longer a security threat.
“Nexus is an established and rapidly growing company with an impressive customer base and a great partner network. Nexus’ online ordering portal enables end users and Systems Integrators to acquire ready programmed and personalized Zwipe Access cards rapidly and efficient. Our new partnership is making the Zwipe Access supply process just as straight-forward as its technology,” says Boije.
“Zwipe has developed a truly unique solution that suits companies and organizations that have a need for increasing their security – without making any costly and complicated changes to their existing access control system or security infrastructure,” says Land.
“Zwipe’s fingerprint cards make biometrics easy and cost-efficient. Since we are all about innovative technology, Zwipe Access fits perfectly in our product portfolio,” says Land.
About Nexus Group
Swedish-owned Nexus Group is an innovative and rapidly growing product company, developing identity and security solutions. Its technology helps organizations digitize their operations in a secure way by enabling e-commerce and online banking, managing physical and digital access, securing access control, issuing access cards, enabling e-services in the public sector and protecting communication between things. Nexus has 300 employees across 15 offices in Europe, India, and the US, as well as a global partner network. Nexus’s mission is to contribute to the formation of a secure society, and everything the company and its employees do is guided by three core values: we care, we innovate, we are committed. For more information, please visit www.nexusgroup.com.