OSLO, NORWAY and SHENZHEN, CHINA - 31 October 2016- Biometric tech company Zwipe and Kuang-Chi establishes joint venture to create commercial platform in China for Zwipe's ground-breaking biometric authentication technology, the first and only fingerprint technology to operate without batteries.
Zwipe. a biometric tech company and a global leader in biometric authentication technology, today announced an agreement to form a joint venture with China-based, high-tech company Kuang-Chi Group.
Kuang-Chi invests in disruptive innovations worldwide including technology applied to aerospace, near space exploration, internet banking as well as the security industry. Two of the group's subsidiaries are listed companies that invest in cutting-edge technology concepts that are in the development and/or initial commercialization phases.
"This joint venture confirms our strong position in the rapidly evolving biometric sector" said Kim Kristian Humborstad, CEO and founder of Zwipe. "Establishing this joint venture extends the strong cooperation with Kuang-Chi and amplifies our go-to-market strategy for our product portfolio towards the Chinese market. Our technology is currently implemented in cards, for payment, access control and government ID, and in China we see considerable interest for all three segments."
"Zwipe fits perfectly with our strategy as it has a strong technology platform that can be commercialized and scaled. In addition, they have teamed up with channel partners that are global household names. As we are in the midst of a biometric revolution, we are very excited about this joint venture and partnership with a global technology leader" said Dr. Liu Ruopeng, Chairman of Kuang-Chi.
Zwipe and Kuang-Chi will hold 49% and 51% of the joint venture, respectively. The joint venture follows Kuang-Chi's investment in Zwipe back in October 2015, where they acquired a 20% stake in the Norwegian company in addition to granting a credit facility. Via the joint venture, Kuang-Chi's investment in Zwipe technology rises to USD 8.9 million.
During 2016, Kuang-Chi has also launched the Global Community of Innovation (GCI) Network. The network brings together 17 tech companies, including Zwipe, in a wide range of industries and applications. The GCI Network will receive the full support of Kuang-Chi’s corporate resources, from sales and marketing to joint tech development. As part of this expansion, Kuang-Chi has also established a creative hub in Singapore for furthering development of it’s Future City strategy.
“Kuang-Chi invests in technologically disruptive, early to mid-stage companies and we actively support our investments around the world to ensure their success. The main purpose of the GCI Network community is to provide a platform where members can share experiences and effectively get access to our resources to scale their technologies in the Chinse market” Dr. Liu Ruopeng, founder of Kuang-Chi concluded.
Please find the full press release here.
NOTE TO EDITORS: A downloable press kit can be found at zwipe.com or by clicking here.
Zwipe PR Contact: Ado Fazlic, +47 930 44 040, email@example.com
Kuang-Chi PR Contact: Maggie Shek, +86-186-0201-9560, firstname.lastname@example.org
LAS VEGAS, USA ; 25 October 2016 –
CPI Card Group's CEO, Steve Montross, will be showcasing Zwipe's unique technology for payment solutions today at Money 2020 as part of a road-map announcement that will present a portfolio of innovative offerings the company has been working on. Please find the event details here. Kim Humborstad speaking on the announcement,
"We have been working closely for some time and are excited about supplying our core biometric authentication technology to CPI. We strongly believe in CPI's proven ability to commercialize innovative products for the North American market. Money 2020 is an excellent venue for us to promote our most recent activities and to identify shared opportunities for growth in the payments industry."
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services. Serving customers from ten locations in the United States, Canada and the UK, CPI has the largest network of high security facilities in North America, each of which is certified by one or more of the payment brands.
DUBAI, UAE and OSLO, NORWAY; 17 October 2016 – Zwipe and Mawarid Technology today agreed a technical and commercial partnership that will see Zwipe’s full product portfolio of biometric authentication solutions being made available in the Middle East.
Mawarid Technology is one of the UAE’s first homegrown technology platforms. The group offers high-value, customized systems with integrated IT solutions and services, security and technology systems integration and payment systems solutions and services capabilities to governmental organizations as well as private and public sector companies in the Middle East. It consists of three established and innovative enterprises: Falcon Eye Technology, TACME and QuickNet. Combined, the group enterprises have detailed understanding of business and technology infrastructure in the Middle East region.
“We are very excited to offer Zwipe’s innovative biometric solutions to the rapidly evolving Middle East technology market. Zwipe has easy to use and secure products, which will appeal strongly to our stakeholders. Having extensive experience and knowledge of the Middle East card market, we see Zwipe’s unique biometric solutions being quickly adopted and embraced by our customers,” said Mohamed Al Nuaimi, Chairman of Mawarid Technology. “We are ready to deploy Zwipe’s technology and provide a more diverse set of solutions to our prestigious clients within the government, oil and gas and private markets across the Middle East. Through our partnership with Zwipe, we believe we can deliver more value to our clients and equip them to succeed in today’s ever-shifting technology environment.”
Kim Kristian Humborstad, CEO of Zwipe, said:
“The Middle East, especially the GCC, is of high strategic importance to us, due to the size of the market, the growing demand for secure and convenient biometric solutions, as well as the sharp focus on new technologies within the region. We are pleased to have entered into partnership with Mawarid Technology. They will add value through their impressive network and deep understanding of the market dynamics.”
As part of this major announcement Mawarid Technology will be exhibiting Zwipe products at this week's Gitex Technology Week.
Las Vegas, USA
Zwipe will be exhibiting it's latest technology and innovations at Money 20/20 for the second year in a row. " We see Money 20/20 as an excellent platform for us to exhibit and connect with the payments industry." said, Einar Boije, Zwipe's SVP of Sales and Marketing. The event being held at the Venetian in Las Vegas from October 23rd to the 26th is considered one of the premier payments industry events of year.
OSLO, NORWAY and TOKYO, JAPAN- 20 June 2016- Zwipe, a global leader in biometric identification technologies, and Hitachi High-Technologies Corporation, Hitachi Group’s trading company (TSE: 8036, Hitachi High-Tech) – today announced a partnership agreement. The framework agreement is outlining commitments for commercial and technical cooperation including sales and distribution rights for the full product portfolio of Zwipe’s solutions to the Japanese market. With this new alliance comes also the potential for high-volume manufacturing of the Zwipe product line through Hitachi High-Tech’s systems, as well as an extension for Hitachi High-Tech to selling into other geographic markets.
“Working with Hitachi High-Tech is a significant milestone for Zwipe,” said Kim Humborstad, CEO and Founder of Zwipe. “We are proud to be recognized as a valued partner for Hitachi High-Tech, and are confident that our products can be seamlessly integrated into Hitachi High-Tech’s value chain. We have already worked closely with Hitachi High-Tech for some time and this formal agreement is an acceleration of our close cooperation. Hitachi High-Tech have a strong presence in both the electronics and card industry, as well as a deep understanding of the end user market, so in many ways they are an ideal partner for us.”
Hitachi High-Tech, a subsidiary of Hitachi, Ltd., has about 10,000 employees working globally. As a leading trading company in advanced materials, electronic components and semiconductor, Hitachi High-Tech is known for commercializing superior technology and products in a wide range of industries, amongst them smart cards and secure access control cards.
“We are very excited to offer Zwipe’s innovative and attractive biometric solutions to the rapidly evolving Japanese market,” said Ichiro Matsuba, General Manager, Electronic Components & Materials Dept., of Hitachi High-Tech. “We strongly believe that now is the ideal time to familiarize our stakeholders with Zwipe products and believe this partnership will open up new business opportunities for both parties. Having extensive experience and know-how of the Japanese card market, we see Zwipe’s biometric solutions as a great innovation that our customers will embrace and quickly adopt.”
Through products such as Zwipe Access©, Zwipe ID© and Zwipe Payment©, Zwipe continues to be the industry leader in innovative biometric identification solutions. Zwipe will be present at the upcoming IFSEC International trade show in London from 21-23 June, demonstrating its latest products.
About Hitachi High-Technologies Corporation
Hitachi High-Technologies Corporation, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including Science & Medical Systems, Electronic Device Systems, Industrial Systems, and Advanced Industrial Products. The company's consolidated sales for FY 2015 were approx. 629 billion [USD5.8 billion].
To learn more about Hitachi High-Tech, please visit http://www.hitachi-hightech.com/global/
LONDON, UK - 19 April 2016 - Zwipe today announced it was awarded the Innovation in Payments award at the FinTech Innovation Awards in London. A competitive category with over 60 entrants, Zwipe’s payment solution was recognized for its ability to disrupt the payments sector through innovation and state-of-the-art technology.
“We are thrilled to have received this recognition in such a competitive category,” said Kim Kristian Humborstad, CEO of Zwipe. “Every day sees more entrants into the fintech space, and as the competition heats up, we continue our commitment of creating and launching innovative and disruptive products. This award reflects the dedication and passion of our team to continue to push the boundaries of what is possible.”
Zwipe Payment© includes an integrated biometric sensor and utilizes Zwipe’s patent pending biometric authentication technology to allow capture of the users fingerprint and to securely maintain the cardholder’s data on the device. The ability to harvest energy from already installed point-of-sale (POS) terminals eliminates the need for a battery, thereby allowing for a thin form factor.
Zwipe Payment© cards are issued by regular banks and can be used in any EMV compatible POS infrastructure. Zwipe Payment© offers the ideal balance between convenience and security through its unique enroll-and-capture-on-card technology, the security and safety of the users biometric data is never compromised. Through products such as Zwipe Access©, Zwipe ID© and Zwipe Payment©, Zwipe continues to be the industry leader in innovative biometric identification solutions. Zwipe will be present at the upcoming IFSEC International trade show in London on 21-23 June and will be
demonstrating its latest products.