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.