By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Stock Market News

OSLO, NORWAY – 28 February 2020 – Zwipe AS today publishes its half-year financial report for 2H 2019.

The report does not contain inside information. Zwipe’s audited Annual Report 2019 was released on 26 February 2020.

###

OSLO, NORWAY – 26 February 2020 – Zwipe AS today publishes its annual report 2019. Please find the report attached. 

Highlights for 2019 include:

Financials 

  • Revenues of MNOK 1.5 (MNOK 2.3), of which payment MNOK 1.3 (MNOK 0.8) and access control MNOK 0.2 (MNOK 1.5)
  • EBITDA MNOK -92.0 (MNOK -60.3) including joint technology investments with Idemia of MNOK 19.0 (50% of the total commitment) and restructuring costs of MNOK 5.4
  • Earnings per share of NOK -5.98 (NOK -7.86)
  • Cash flow from operations before financing of MNOK -85.0 (-56.7)

Significant Events

  • Zwipe started the year by raising MNOK 120 in new equity and listing on Merkur Market at Oslo Børs in January. An additional MNOK 67 was raised through a rights issue in December 2019
  • During Q4 2019, Zwipe made preparations for dual listing on Nasdaq First North Growth Market in Stockholm. The listing process was completed on 28 January 2020
  • Through the year, Zwipe expanded the number of partnerships with leading smart-card manufacturers with the intent of developing biometric payment card offerings. New customer partnerships in 2019 included TAG Systems, TGS do Brasil, Inkript, GoldPac, XH Smart and dz card
  • In August Zwipe entered into a co-investment partnership with industry leader Idemia, securing global exclusivity for a cost-leading new generation biometric authentication platform, as well as    execution and industrialization capability
  • Zwipe was selected by Giesecke+Devrient (G+D), one of the worlds leading digital security providers, to develop a biometric wearable payment device with the intent to pilot the technology with leading European banks
  • Zwipe's first customer order of biometric card inlays was delivered
  • The prototype Z5 chip, a dedicated energy harvesting and power management chip, was launched in October
  • Zwipe unveiled the Zwipe Experience a bundle of products and services to assist customers to move from concept to mass market at the Trustech convention in November
  • The joint technology collaboration with Idemia enabled a major streamlining program, leapfrogging several previously planned stages of the technology development roadmap. Implemented activities    resulted in annual savings in excess of MNOK 40 from January 2020
  • Dr. Robert Müller was appointed Group CTO early in the year, and Lars Kristian Solheim was appointed new CFO of Zwipe commencing March 2020

###

This is information that Zwipe AS is obliged to make public pursuant to the continuing obligations of companies admitted to trading on Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency on the contact person set out below 08:00 CET on 26 February 2020

OSLO, NORWAY – 26 February 2020 – Zwipe AS today publishes its annual report 2019. Please find the report attached.

Highlights for 2019 include:

Financials 

  • Revenues of MNOK 1.5 (MNOK 2.3), of which payment MNOK 1.3 (MNOK 0.8) and access control MNOK 0.2 (MNOK 1.5)
  • EBITDA MNOK -92.0 (MNOK -60.3) including joint technology investments with Idemia of MNOK 9.0 (50% of the total commitment) and restructuring costs of MNOK 5.4
  • Earnings per share of NOK -5.98 (NOK -7.86)
  • Cash flow from operations before financing of MNOK -85.0 (-56.7)

Significant Events

  • Zwipe started the year by raising MNOK 120 in new equity and listing on Merkur Market at Oslo Børs in January. An additional MNOK 67 was raised through a rights issue in December 2019
  • During Q4 2019, Zwipe made preparations for dual listing on Nasdaq First North Growth Market in Stockholm. The listing process was completed on 28 January 2020
  • Through the year, Zwipe expanded the number of partnerships with leading smart-card manufacturers with the intent of developing biometric payment card offerings. New customer partnerships in 2019 included TAG Systems, TGS do Brasil, Inkript, GoldPac, XH Smart and dz card
  • In August Zwipe entered into a co-investment partnership with industry leader Idemia, securing global exclusivity for a cost-leading new generation biometric authentication platform, as well as    execution and industrialization capability
  • Zwipe was selected by Giesecke+Devrient (G+D), one of the worlds leading digital security providers, to develop a biometric wearable payment device with the intent to pilot the technology with leading    European banks
  • Zwipe's first customer order of biometric card inlays was delivered
  • The prototype Z5 chip, a dedicated energy harvesting and power management chip, was launched in October
  • Zwipe unveiled the Zwipe Experience a bundle of products and services to assist customers to move from concept to mass market at the Trustech convention in November
  • The joint technology collaboration with Idemia enabled a major streamlining program, leapfrogging  several previously planned stages of the technology development roadmap. Implemented activities    resulted in annual savings in excess of MNOK 40 from January 2020
  • Dr. Robert Müller was appointed Group CTO early in the year, and Lars Kristian Solheim was appointed new CFO of Zwipe commencing March 2020

###

This is information that Zwipe AS is obliged to make public pursuant to the continuing obligations of companies admitted to trading on Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency on the contact person set out below 08:00 CET on 26 February 2020

OSLO, NORWAY – 24 January 2020, 13:00- Zwipe AS has applied for admission to trading of the shares of Zwipe on Nasdaq First North Growth Market (First North), Stockholm. The application has today been approved by First North, subject to applicable distribution requirements (sw: spridningskrav) being satisfied. Based on share transfer commitments made at this time, Zwipe expects to fulfil such requirements. 
 
Trading in Zwipe’s shares on First North will commence on 28 January 2020 under the ticker “ZWIPE”. The listing of Zwipe’s shares on Merkur market at Oslo Børs will be maintained until further notice. Zwipe does not intend to publish any further information prior to listing on First North. 
 
André Løvestam, CEO of Zwipe, says “The listing on Nasdaq First North marks a milestone for Zwipe, one year after we listed on Merkur Market. We are excited that Zwipe will be trading in Stockholm, close to the majority of our shareholders. First North is a dynamic marketplace, and I am confident that the listing will benefit our shareholders and support Zwipe in its progress toward large-scale deployment of biometric payment authentication solutions." 
 
Market making agreement

Zwipe and Erik Penser Bank AB (Erik Penser) have signed a market making agreement that meets the requirements of market making operations by First North. The market making agreement aims at supporting orderly trading conditions and a minimum threshold of liquidity for Zwipe’s shares on First North. Market making pursuant to the agreement will commence on 28 January 2020, the first day of trading in Zwipe’s shares on First North. 
 
Supplementary document

In connection with the listing, Zwipe has published a supplementary document, available at www.zwipe.com. 
 
Advisors

White & Case (SE) and Simonsen Vogt Wiig (NO) are legal advisors for Zwipe in connection with the listing on First North. 
 
Zwipe’s Certified Adviser is FNCA, who may be contacted at tel +46 8 528 003 99 and email info@fnca.se  
 

This is information that Zwipe AS is obliged to make public pursuant to the continuing obligations of companies admitted to trading on Merkur Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 13:00 CET on 24 January 2020 
 
### 
 
For further information please contact: 
André Løvestam, CEO   ir@zwipe.com   +47 909 43 660 

OSLO, NORWAY – 23 January 2020 - As communicated on 14 January 2020, Nasdaq First North Growth Market (First North) has confirmed that Zwipe AS fulfils the requirements for listing, subject to customary conditions. Today, 23 January 2020, Zwipe publishes a supplementary document to the prospectus in accordance with First North rules for application.

The supplementary document is available at www.zwipe.com. The supplementary document should be read together with the prospectus dated 4 December 2019 and prepared in connection with the Zwipe’s rights issue. The prospectus is also available at www.zwipe.com. The supplementary document is not a prospectus, has not been approved by any supervisory authority and does not contain any offering of shares or any other offering of financial instruments in Zwipe in Sweden or in any other jurisdiction.

First day of trading on First North in Stockholm is planned for Tuesday 28 January 2020, subject to final approval by First North and other customary conditions being met.

This information is made public in accordance with the continuing obligations of companies admitted to trading on Merkur Market and the First North rules for application.

###

OSLO, NORWAY– 14 JANUARY 2020 – Biometric technology company Zwipe AS (Zwipe) today announces that it expects to list its shares for trading on Nasdaq First North Growth Market (First North) in Stockholm, under the ticker “ZWIPE". The first day of trading is planned for Tuesday 28 January 2020. First North has assessed Zwipe and confirmed that Zwipe fulfils requirements for listing, subject to customary conditions, including distribution requirements and final formal approval from First North. Zwipe will not issue new shares in connection with the Firth North listing.
 
Currently Zwipe is listed on Merkur Market at Oslo Børs under the ticker "ZWIPE-ME". Following the listing at First North, Zwipe will be dual-listed and traded on both markets until further notice. The ISIN number of Zwipe at both exchanges is NO0010721277.
 
Swedish and international shareholders who wish to transfer their shares for trading on First North are advised to contact their respective broker/nominee account manager for more information on the transfer. Such transfer means that Zwipe shares must be made available for trading through Euroclear Sweden (the Swedish central securities depository). Zwipe intends to facilitate transfer to Euroclear Sweden for its international investors during dedicated periods of time. 
 
Norwegian shareholders and other shareholders wishing to continue trading their shares at Merkur Market at Oslo Børs do not need to take any action at this time.  

André Løvestam, CEO of Zwipe says” I am excited that Nasdaq First North has confirmed that Zwipe fulfils the listing requirements, subject to customary conditions being met, and that I can announce the expected listing at First North in Stockholm on January 28, thereby enabling a market for trading closer to a number of our shareholders. Nasdaq First North is a dynamic and growing market, and we are very pleased to welcome our shareholders to trading at First North in addition to Merkur Market."

###

For more information please contact:

André Løvestam, CEO; +47 909 43 660; ir@zwipe.com

This information is made public in accordance with the continuing obligation of companies admitted to trading on Merkur Market

OSLO, NORWAY– 21 November 2019 – Biometric technology company Zwipe is pleased to unveil the Zwipe Experience at Trustech 2019, one of the leading global events dedicated to payments, identification and security.

The Zwipe Experience is a comprehensive mix of products and advisory services developed specifically to assist Zwipe’s customers, smart card manufacturers and issuers, to move from concept to mass market. The package features technical manufacturing support, issuer integration services and piloting support.

We are leveraging the learning we have built over the last two years, having the most widely piloted technology platform in the biometric payment marketplace, to support our customers above and beyond delivering prelaminates, components and biometric inlays,” Zwipe CEO André Løvestam said, adding “focusing on user experience, we are confident that having the most dynamic service platform in addition to the most cost competitive technology offering will further strengthen our role in this market.

Zwipe will be showcasing elements of the Zwipe Experience at the Multos Consortium exhibition, stand RIV C020.

###

OSLO, NORWAY– 18 November 2019 – The Board of Directors of Zwipe AS has today resolved to approve management’s proposal for a streamlining program, enabled by the strategic collaboration agreement with Idemia. The program will focus the company’s activities, reduce staff and operational expenses, and enable underlying annual savings in excess of NOK 40 million.

The program is expected to be fully implemented in November 2019 and related one-off costs will be included in the Q4 results. The effects are expected to be realized from first quarter of 2020.

CEO André Løvestam comments: ”The product roadmap streamlining that we are now launching has been made possible thanks to the strategic collaboration with Idemia on a disruptive technology platform. We believe this innovation is a game changer and a catalyst for growth in the industry.

The new platform will integrate and simplify component design, drastically reducing costs of the product itself and the manufacturing process. As a result, a complete biometric payment card cost of below USD 10 is becoming realistic, providing an accelerated path to mass volumes while giving Zwipe a long-term cost leadership position.

Zwipe’s streamlined roadmap enables simplifying and focusing the company, while maintaining competent capacity to support our customers. In combination with the announced 90% guaranteed rights issue, we see a clear path toward commercializing our technology, with the required capital resources to get to that point.”

###

OSLO, NORWAY– 10 November 2019 – The Board of Directors of Zwipe AS has today resolved to call for an extraordinary general meeting in the company on 2 December 2019 to resolve a rights issue of up to approximately gross NOK 74 million. The call for the extraordinary general meeting is attached to this notice.

###

Media Inquiries

Patrice Meilland,
,
Chief Commercial Officer