OSLO, NORWAY and TRIPOLI, LIBYA – 8th MARCH 2022 – Zwipe and Mediterranean Bank are pleased to confirm that they will pilot Biometric Payment Cards built on the Zwipe Pay platform, making it the first pilot of biometric payment cards in Libya.
Mediterranean Bank is a medium-sized bank in Libya, focusing on corporates, small and medium sized enterprises (SMEs) and entrepreneurs, with branches in all major Libyan cities like Benghazi, Tripoli and others. The bank is keen to pilot Zwipe’s disruptive “single silicon” biometric payment card platform and assess its impact on making payment experience seamless and more secure for consumers. Libya is a key emerging market in Africa that is seeking innovation in its payment ecosystem with the objective to minimize fraud, corruption and uplift user experience.
Speaking on this development, Mr. Ahmed Nafo, Chief Information Officer at Mediterranean Bank said, “We are very pleased to partner with Zwipe, a leading technology brand in biometric payment cards. We are especially proud to be the first bank in Libya to introduce this world-class innovation. We want to ensure that our customers are extremely well protected when using payment cards and enjoy a great user experience. Our collaboration with Zwipe is well timed and strongly complements our vision to be a customer centric bank. We are looking forward to launching the pilot in Q2 2022 as a step to deployment of the cards later in the year.”
As part of this collaboration, Zwipe will train key stakeholders in the bank on all aspects of issuing and managing biometric payment cards. These cards will be delivered by one of the Zwipe certified smart card manufacturers in the region.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said, “We are excited to enter the Libyan market with Mediterranean Bank and help them to pilot their next generation payment cards. In close collaboration with our regional partners, we will be supporting the bank through all the stages of the pilot and launch, ensuring the best experience for the bank’s consumers.”
For further information please contact:
André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
About Mediterranean Bank
Mediterranean Bank is a medium-sized bank in Libya, focusing on corporates, small and medium sized enterprises (SMEs) and entrepreneurs, with branches in all major Libyan cities like Benghazi, Tripoli and others.
For more info contact the bank at info@meditbank.ly, Tel: +218 61 9082167
or visit www.meditbank.ly
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering next-generation biometric card and wearables technology for both payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com
OSLO, NORWAY and MELBOURNE, AUSTRALIA – 2 March 2022 – Placard, Australia’s largest card manufacturer and the only one qualified by all major card schemes, has selected biometric fintech pioneer Zwipe as its technology partner in pursuing the global market opportunities for biometric payment cards and other security products.
Placard delivers more than 100 million cards each year for the most established brands in the financial, retail, identification, government, loyalty and hospitality sectors. Placard’s success over the past two decades is accredited to high-quality products and a deep understanding of how new technology and product innovations can benefit customers and societies at large. With the disruptive Zwipe Pay platform, Placard will be able to deliver highly advanced and secure biometric card products that are also exceedingly user-friendly.
“We are excited about the opportunity that this innovative technology represents. The biometric solution provided by Zwipe combines break-through technologies and is the ideal platform for the next generation of payment cards. We believe that highly secure touch-less payments and PIN-free cards create a very compelling proposition for consumers and that our collaboration with Zwipe will provide differentiation and meaningful commercial value to our customers”, said Tess Barone, General Manager Sales & Marketing, Placard.
As part of this agreement, Zwipe will provide biometric technology, technical services and go-to-market commercialization support to enable Placard to manufacture biometric cards. The partners will engage with issuers and other enterprises to run pilots from Q2 2022, followed by full commercial rollouts.
Commenting on this partnership, André Løvestam, CEO at Zwipe, said: “We are very pleased to announce our partnership with Placard, one of the most prominent card manufacturers in the Australasian region. There is a clear growing interest in biometric payment cards globally and Placard will be vital in accelerating the deployment of biometric payment cards to banks and consumers. Zwipe will be supporting Placard’s clients during their launch processes to ensure the best customer experience and successful commercialization.”
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About Placard
Placard is an Australian organization which has been established since 1987, and is Australia’s largest secure plastic card manufacturer. Placard is continuously expanding, providing comprehensive card programs to over 500 clients and producing upwards of 100 million cards per year. Placard provides end to end card solutions and has a reputation of meeting its commitments to its clients and consistently achieves service levels beyond its clients’ expectations.
Placard’s secure manufacturing and bureau facilities are Visa, MasterCard, China Union Pay and American Express accredited to the highest level.
Placard’s core competencies lie in the design, printing, manufacture, personalization and mailing of ISO Standard secure and non-secure plastic cards. With Bureau services encompassing the latest Visa and MasterCard EMV standards for embossing, manufacture of Dual Interface cards, magnetic stripe encoding, indent printing, thermal print duable flat graphics, high quality Drop on Demand personalization, laser printing processes and intelligent matching & mailing services.
For more information, please visit www.placard.com.au or call Tess Barone, General Manager, Sales & Marketing on +61 3 9722 5200.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact:
André Løvestam, CEO, +47 934 36 952, info@zwipe.com
OSLO, NORWAY and DOHA, QATAR – 28 FEBRUARY 2022 - Zwipe has partnered with Qatar Fintech Hub to bring Zwipe Pay enabled next generation biometric payment cards in the market. With this technology, the partners will deliver the highest level of security and safety with world-class user experience in making in-store payments.
Founded by Qatar Development Bank (QDB), Qatar FinTech Hub supports the growth of the fintech industry in Qatar in collaboration with leading players in FinTech ecosystem in Qatar and tie ups with major FinTech hubs including the UK, Turkey, Australia and Singapore. There is a big focus on partnering with technology pioneers who will make a difference in the payments space and bring it to a new level of experience.
Ibrahim Abdulaziz Al Mannai, Executive Director – Advisory, Qatar Development Bank, said: “I am very happy to announce the collaboration with Zwipe and welcome them as a valued member at the Qatar Fintech Hub. Zwipe is one of the leading technology brands for biometric payment solutions. Our innovation programs have witnessed tremendous success since their launch, and we are extremely happy to incorporate biometrics now. This collaboration with greatly enrich our technology competency and help Qatar to become a regional hub of fintech solutions, catering to the needs of the global market.”
As part of this collaboration, both parties will join forces to drive education, awareness building and engagement on biometric payment solutions in Qatar enabling issuers to pilot and launch next generation payment experience.
Speaking on this collaboration, General Manager for Zwipe in the MENA region, Ramzi Saboury said, “We are honored to be partnering with Qatar Fintech Hub as we believe this collaboration will further accelerate the adoption of Zwipe Pay enabled biometric payment cards among fintechs, issuers, processors and consumers. Qatar is a core market for us in the MENA region and we are already engaging with issuers in the country to pilot Zwipe Pay and be amongst the first in MENA to deploy the next Gen biometric cards.”
About QFTH
Launched by Qatar Development Bank (QDB) in May 2018, with the support of Qatar Central Bank (QCB), Qatar FinTech Hub (QFTH) is part of QDB’s FinTech vision and ambitions.
QFTH is a global FinTech hub with the purpose to support the development of the FinTech industry in Qatar. It aims to facilitate collaboration among the participants and stakeholders of the FinTech ecosystem and develop local and global relationships that will advance the bank’s FinTech vision.
QFTH brings together talented entrepreneurs, investors, and enablers to develop disruptive technologies so that great visions become reality.
QFTH offers a globally interconnected cluster, which gathers a vibrant community of FinTech entrepreneurs, industry experts, regulators, and investors.
To offer the best global opportunities, expertise, and develop a collaborative FinTech ecosystem, QFTH has tied up with global FinTech hubs, financial institutions, universities, technology partners, industry experts and others.
QFTH holds considerable opportunities for economic diversification, one of the four pillars of the Qatar National Vision 2030 that seeks to “transform Qatar into an advanced society capable of achieving sustainable development” by 2030.
For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com
OSLO, NORWAY – 23 February 2022 – Zwipe AS today publishes its annual report 2021.
Highlights for 2021 include:
Financials
Significant events 2021
Significant events after the period
CEO comments
"2021 was a transformative year for Zwipe, preparing the ground for commercial success in 2022.
Our technology platform was upgraded to a cutting-edge, third-generation single silicon platform that provides best-in-class biometric performance at highly competitive cost levels. We prepared for submission of reference cards based on Zwipe Pay components to accredited laboratories for certification by both Visa and Mastercard. The submission has been made and, together with our biometric card manufacturing partners, the certification tests are proceeding according to plan. Based on this, and the core components in our Zwipe Pay platform being validated through Idemia’s certifications obtained in November 2021, we are confident we are closing in on certification as planned.
During 2021 we have also continued to build commercial momentum. We announced engagements with nine new smart card manufacturers and card personalization bureaus during the year, representing an annual volume above 250m payment cards. We also extended and expanded our partnership with TAG Systems, which delivers an additional 100+ million payment cards per annum. Each new partner and customer in our ecosystem contribute to increasing the value creation potential and reducing the risk for Zwipe and its stakeholders.
A great milestone for Zwipe in 2021 was the receipt of commercial orders from BCC, Inkript, and yet another card manufacturing customer for complete Zwipe Pay deliveries worth more than NOK 20m, to be delivered primarily in 2022.
As a complement to our "push" approach, targeting smart card manufacturers as our direct customers, we continued to broaden our go-to-market strategy with the "pull" approach. That means we are marketing the benefits of biometric cards to partners and indirect clients, such as financial institutions – our customers’ customers. This move has allowed us to accelerate awareness, create strong demand for our biometric payment option, take more control of our destiny, and significantly strengthen our strategic position and brand equity.
The results of these efforts started coming to fruition in 2021, when Zwipe announced commitments for 14 pilots with 11 new issuers, including a global Tier-1 bank that will pilot Zwipe Pay in three European markets. We also entered go-to-market and implementation partnerships with many payment processors and, most recently, a major US company that is one of the world’s largest payment services providers. Such partners enable us to leverage their long-term, trust-based relationships with hundreds of banks worldwide to further accelerate the deployment of biometric payment cards built on our platform. I often refer to this as “the Megaphone Effect”, which is fundamental to our pull strategy.
We have upgraded our sales-enabling services and tools to support these processes and our customers. For example, this has resulted in the launch of new services such as "Zwipe Experience" (pilot and launch program services) and Zwipe Insights (consumer research to gauge demand for biometric payments), to name a few. The ROI calculator for issuers, created together with industry experts, is another example. It demonstrated that, even without an additional card fee from consumers, Zwipe Pay could deliver a $22.4m annual net benefit for an average US issuer converting a portfolio of 1 million credit cards, 1 million debit cards, and 100,000 commercial cards to biometric cards.
As part of our end-to-end offering, ranging from leading technology to professional sales enablement, these kinds of services and initiatives make Zwipe stand out from the crowd, adding considerable value to customers.
In addition, Zwipe announced its first entry into adjacent sectors, starting with the launch of “Zwipe Access”, building on years of investments into our advanced biometric authentication technology platform designed to fulfil the highest criteria for security, scalability, and mass-volume implementation. At the same time, we announced collaborations with several leading companies in the security industry; notably HID Global, LeGrand, and Southco. This coalition will bring a highly advanced, cost-effective biometric authentication solution to market, fully capable of working with existing access control infrastructure.
We also raised NOK 104 million in a private placement directed towards one of the Nordic’s most respected investors, Erik Selin. This means that our shareholder base and finances have been significantly strengthened in 2021.
Adding to our confidence in our future outlook is the consistent evidence from numerous consumer surveys covering more than 2,500 cardholders from diverse markets around the world that cardholders want the touch-less and PIN-free experience with world-class security that is made possible by biometric payment cards. 56% said they were willing to pay to get a biometric card and 57% said they were willing to switch banks to get a biometric card. These findings, which are consistent with survey findings of industry peers and other analyst reports, suggest that launches of biometric cards will offer valuable differentiation to first-moving banks and trigger competitive reactions from others.
Like most other companies engaged in multinational development projects, Zwipe has, as mentioned before, been impacted by COVID-19 through added complexity and extended lead times. However, I have been impressed by the grit and determination of my team and technology partners, systematically overcoming hurdles and setbacks along the way.
I want to express my deep gratitude to the exceptional team of Zwipers for their unfailing efforts through this challenging pandemic which has taken its toll on everyone.
My sincere thanks also go out to all our customers, partners, and shareholders for supporting our journey and sharing our mission - Making Convenience Safe and Secure.
I am looking forward to 2022 with a lot of excitement due to the prospects ahead.” says CEO of Zwipe André Løvestam.
Please find the annual report here
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
OSLO, NORWAY – 23 February 2022 – Zwipe AS today publishes its second half-year 2021 report.
Summary of financial development for the second half-year 2021:
Please find the second half-year report here
The annual report 2021 will be released through a separate stock exchange announcement shortly after this announcement.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 07:58 CET on 23 February 2022.
OSLO, NORWAY – 23 February 2022- The share capital increase of 384,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 20 January 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,736,668.50, and the new number of shares and votes are 37,366,685.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Market Oslo and on Nasdaq First North Growth Market Stockholm. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 00:20 CET on 23 February 2022.
OSLO, NORWAY – 22 February 2022- The share capital increase of 384,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 20 January 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,736,668.50, and the new number of shares and votes are 37,266,685.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Market Oslo and on Nasdaq First North Growth Market Stockholm. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 20:00 CET on 22 February 2022.
OSLO, NORWAY and DELHI, INDIA – 21 February 2022 – sKarn RoboticS, a high-tech company providing security and privacy solutions to businesses, consumers, and the government sector, is strengthening its solution portfolio with biometric access control and co-branded biometric payment cards built on Zwipe’s technology. Headquartered in Oslo with a global presence, Zwipe is pioneering the deployment of the next generation biometric payment and access control cards globally.
Founded in 2019, sKarn RoboticS is one of the key contributors to the ‘Self Reliance’ initiative of the Indian government. The company is investing heavily in building ultra-secure digital products and services ecosystems for end-users and businesses. Its WeCript portfolio delivers high-grade security and privacy controls for remote communication, secure searching, browsing, SaaS and e-commerce. Right to privacy, right to freedom and right to information are the three core values at sKarn RoboticS. The company recently won “2021 Global Revolutionary Founder of the Year” and “2021 Global Innovative Product of the Year” from the Government of India.
Speaking on the collaboration, sKarn RoboticS’s Founder & COO, THE KARN, said, “Our mission is to provide highly secured digital services that significantly empower end-users with top rated privacy, security and digital experience. Zwipe’s extremely secure biometric payment and access control cards strongly complement our core values and fit perfectly in the WeCript Ecosystem, our solution portfolio. From Q3 2022 or before, we aim to launch pilots for our B2C and B2B customers with a few thousand biometric access control and payment cards and expect a rapid scale-up thereafter. Biometric cards will create meaningful value for all our customers.”
sKarn RoboticS will take deliveries from selected manufacturers of biometric cards in Zwipe’s global ecosystem with focus on India and key growth markets.
Commenting on this development, André Løvestam, Chief Executive Officer at Zwipe, said: “It is great to see an ambitious and fast-moving high-tech security solution provider such as sKarn RoboticS, with its WeCript Ecosystem, recognize the value of biometric cards for its customers. Both organizations share the passion to deliver enhanced security, privacy and convenience to our direct customers and end customers. We are very much looking forward to our collaboration with sKarn RoboticS and their customers”.
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About sKarn RoboticS
Founded in 2019 by THE KARN, sKarn RoboticS is an Indian tech start-up company, govt. accredited and recognized by DPIIT as start-up India. Carrying forward the Indian government's initiative, sKarn RoboticS is working on prioritizing the significance of building a safe and secure internet ecosystem for the users and businesses. Its private and secure product line named "WeCript Ecosystem'' is a product of the visionary thinking of the founder of sKarn RoboticS, THE KARN about making India and world self-reliant. The company aims to ensure data protection and privacy for users, serving right and relevant results across the web through WeCript Ecosystem.
Core Values of sKarn/Wecript Ecosystem:
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com
OSLO, NORWAY and KUALA LUMPUR, MALAYSIA – 16 February 2021 – Modularsoft, Malaysia’s leading full service smart card company, has entered into a partnership with fintech Zwipe to enable banks in Malaysia to deploy the next generation of biometric enabled contactless payment cards.
Modularsoft (also known as Modular) has been a leader in the smart card industry in Malaysia since 2007. As a fully certified provider of smart cards to the majority of Malaysian banks, Modular continues to drive innovation and bring new levels of service to the industry. Its customers include banks, fintech companies, educational institutions, insurance, healthcare and telecommunication companies across Malaysia. With the Zwipe Pay platform, Modular will further strengthen its product portfolio with this new innovative biometric card technology that is both user-friendly and highly secure.
Speaking on the collaboration, Haleelur Rahman AG, General Manager Modularsoft, said, “We are excited about the opportunities that biometric payment cards bring to us and our issuer clients. The biometric card platform provided by Zwipe combines a number of break-through technologies and drives us forward into the next generation of payment cards. We believe that highly secure and touch-less payment cards will create a very compelling proposition for banks and consumers. Our collaboration with Zwipe will provide differentiation and visible commercial value to our customers.”.
As part of the collaboration, Zwipe will provide Modular with technical and commercial support to drive the implementation of Zwipe Pay biometric cards, including a range of value added services for issuers. The cards will be manufactured by one of Zwipe’s certified smart card manufacturers in the region. The partners will engage with issuers and enterprises across Malaysia with the objective of deploying pilots and full commercial rollouts.
Commenting on this partnership, André Løvestam, Chief Executive Office at Zwipe, said: “We are very pleased to announce our partnership with Modular, Malaysia’s leading card bureau and a highly trusted brand in delivering payment cards and personalization solutions to issuers in Malaysia. I am confident that this partnership will lead to multiple commercial launches of Biometric Payment Cards and I look forward to a very successful long term relationship between our companies.”
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About Modular
Modular is the leading player in the region within the smartcard industry, specifically in the banking and finance domain. The group gained recognition and credibility by successfully implementing the government initiative of enabling all banks to migrate from magnetic strips to chip based ATM cards; to date the group has delivered in excess of 75 million bankcards. Modular has a dedicated team of IT professionals with domain expertise in Banking and Finance, Insurance, Telecommunications and Healthcare. Modularsoft Sdn Bhd was established to provide both IT and consulting services to its current array of banking customers.
For more information, please contact us at enquiry@modular-corp.com or visit modularsoft.com.my or call +603-2711 1280.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com
Oslo, Norway – 9 March 2025
On March 6, 2025, Oslo District Court decided to declare the Company bankrupt upon application by Zwipe.
Zwipe AS (“Zwipe” or the “Company”), org.nr 994553607, is admitted to trading on the Nasdaq
Stockholm Aktiebolag (the “Exchange”) on the trading platform Nasdaq First North Growth Market. According to section 8.2.7 of the Nasdaq First North Growth Market Rulebook, the Exchange may decide to delist an issuer's financial instruments if the issuer has been declared bankrupt.
Against the above background, the Exchange has decided that the shares (ticker ZWIPE, ISIN code NO0010721277) and warrants (short name ZWIPE TO 2, ISIN code NO0013409763) in Zwipe shall be delisted from trading on Nasdaq First North Growth Market with immediate effect.
This stock exchange release was published by Hugo Petit, CFO, on 9 March 2025 at 21:30 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit:
http://www.zwipe.com
Oslo, Norway – 17 February 2025
The Board of Directors of Zwipe AS has today decided to file for bankruptcy with the Oslo district court, “Tingsretten”. This decision follows a thorough review of the company’s financial situation and the determination that the company is no longer able to meet its obligations towards its creditors.
Despite extensive efforts to restructure operations and secure continued business activities, it has not been possible to achieve a financially sustainable solution. Further, as communicated on 14 February, the discussions held with third parties that were intended to secure continued operation have been unsuccessful. The Board therefore sees no alternative but to file for bankruptcy.
"It is with great regret that we are forced to make this decision today. We have done everything in our power to find alternative solutions to secure continued operations, but we have not succeeded. Our focus is now to ensure an orderly process for all affected parties," says Jörgen Lantto, chairman of Zwipe AS.
A bankruptcy trustee will be appointed by the district court and will be responsible for managing the further process, including handling the company’s assets and obligations.
This stock exchange release was published by Hugo Petit, CFO, on 17 February 2025 at 15.05 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe E-mail: ir@zwipe.com
This information is subject to the disclosure requirements in article 17 of the Regulation (EU) 596/2014 (the Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit:
Oslo, Norway – 14 February 2025
Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 28 January 2025 regarding the discussions which were not unlikely to provide the Company with necessary financing to avoid insolvency.
The board has today concluded that these discussions have been terminated without a positive result. Therefore, the board is currently assessing the Company’s financial situation and whether there is a basis for further operations.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Hugo Petit, CFO, on 14 February 2025 at 19.00 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe E-mail: ir@zwipe.com
This information is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 07:00 CET on 20 January 2025.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit:
OSLO, NORWAY – 10 February 2025 – Zwipe AS today announced a change in the publication date of its H2 report as well as its Annual Report 2024. The date for the H2 report, originally scheduled for release on February 20, will now be published on March 28. The Annual Report, originally scheduled for publication on 25 March 2025, will be published on 25 April 2025.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 12 February 2025.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit:
http://www.zwipe.com
Oslo, Norway - 28 January 2025
Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") earlier today regarding the decision from the Oslo Chamber of Commerce dated 27 January 2025 at 23:25 CET in the payment dispute between IDEX Biometrics ASA and Zwipe AS. The Company has now held the extraordinary board meeting as referred to in said stock exchange announcement.
The board has discussed whether it can continue its operations in the light of the claim payable based on the decision from the Oslo Chamber of Commerce. Based on the board’s assessment, the Company is currently in discussions which are not unlikely to provide the Company with necessary financing to avoid insolvency. It is, thus, the board’s opinion that the Company currently has a basis for further operations. The Company will inform the market again when it knows the outcome of said discussions.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Hugo Petit, CFO, on 28 January 2025 at 18.22 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 07:00 CET on 20 January 2025.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit:
http://www.zwipe.com
Oslo, Norway – 28 January 2025
In the prospectus published by Zwipe AS on 7 November 2024, Zwipe AS informed that Zwipe AS was in arbitration concerning a warranty dispute with IDEX Biometrics ASA at the Oslo Chamber of Commerce.
On 27 January 2025, at 23:25 CET, the Oslo Chamber of Commerce rendered its decision in the payment dispute between IDEX Biometrics ASA and Zwipe AS. The arbitration tribunal has ordered Zwipe AS to pay USD 702,000 (excluding VAT) to IDEX Biometrics ASA, plus late payment interest and legal costs. Zwipe AS is in the process of convening an extraordinary board meeting to discuss the feasibility of paying the award and continuing its operations. The outcome of the extraordinary board meeting will be announced in a subsequent press release.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Hugo Petit, CFO, on 28 January 2025 at 11:56 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 07:00 CET on 20 January 2025.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit:
http://www.zwipe.com
OSLO, NORWAY – 20 January 2025 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 23 December 2024 regarding the final allocation of a rights issue of units, consisting of shares and warrants of series TO2 (the "Warrants"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 40 million (the "Rights Issue").
The Rights Issue resulted in the issuance of 397,213,376 Warrants, of which 166,364,465 will be delivered to the investors that participated in the Rights Issue, while the remaining 230,848,911 Warrants will be delivered to the Company and will not be exercised. The issuance of Warrants exceeding the amount delivered to shareholders is due to compliance with Section 11-12 of the Norwegian Private Limited Liability Companies Act, which requires the general meeting minutes to specify an exact number of Warrants to be issued. At the time of the extraordinary general meeting, it was not possible to predict the subscription rate of the Rights Issue. As a result, the Company's extraordinary general meeting resolved to issue the maximum number of Warrants that could be issued in the event of full subscription in the Rights Issue, and that any surplus Warrants are to be subscribed for and returned to the Company.
All 397,213,376 Warrants will be listed and tradable on Euronext Growth Oslo for a period commencing today, 20 January 2025 and ending at 16:30 (CET) on 10 March 2025. In addition, the Warrants will be listed on Nasdaq First North Growth Market Sweden for a period commencing today, 20 January 2025 and ending at 16:30 (CET) on or about 10 March 2025.
One (1) Warrant entitle to the subscription of one (1) new share in the Company. The subscription price upon exercise of the Warrants shall be NOK 0.10 per share.
Holders of Warrants may either sell their Warrants or use them to subscribe for shares in the Company, in both cases within the deadlines stated above. As such, the Warrants may have a financial value for the holders, depending on the prevailing market price for the shares in the Company. If the Warrants are not sold or exercised within the respective deadlines, the Warrants will lapse with no compensation to the holders.
For more information pertaining to the Warrants, please see the prospectus prepared in connection with the Rights Issue (the "Prospectus"), which is available on the Company's website www.zwipe.com and on the Swedish Financial Supervisory Authority's website, www.fi.se.
Subscription and Guarantee Commitments:
In connection with the Rights Issue, the Company received subscription commitments from board members Jörgen Lantto and Dennis Jones, amounting to approximately 4.5 percent of the Rights Issue. To the extent the Rights Issue was not fully subscribed, a consortium of guarantors, including board member David Chew, agreed to subscribe and pay for units in the Rights Issue up to an aggregate subscription rate corresponding of 28 percent of the Rights Issue (the "Bottom Guarantee Commitments"). The consortium providing the Bottom Guarantee Commitments received a 15 percent underwriting fee. In addition, the Company and Fenja Capital (the "Top Guarantor") agreed that the Top Guarantor would subscribe and pay for units in the Rights Issue up to 13.9 percent of the Rights Issue (the "Top Guarantee Commitment"). The Top Guarantor received an 8 percent underwriting fee.
Further information about the subscription commitments, the Bottom Guarantee Commitments and the Top Guarantee Commitment is set out in the Prospectus.
Convertible Loan
The Top Guarantee Commitment was fulfilled through the partial set-off of NOK 5,514,472 of the Company's convertible loan, which was outstanding at the time of the Top Guarantee Commitment and amounted to NOK 10,514,472 (the "2023 Convertible Loan"). In addition, the accrued interest under the 2023 Convertible Loan, coupled with NOK 1,000,000 from the 2023 Convertible Loan, has been set-off against the Top Guarantor's commitment under the Bottom Guarantee Commitments.
The remaining balance of the 2023 Convertible Loan, in addition to an arrangement fee of NOK 200,000, in total NOK 4,200,000, has been extended in the form of a new convertible loan, which was resolved issued by the Company's board of directors on 23 December 2024, in accordance with the authorization from the Company's extraordinary general meeting on 3 December 2024.
The Company has also issued 60,000,000 contractual stock options to the Top Guarantor (the "Stock Options"). The Stock Options can be exercised up until 31 December 2026 and each Stock Option entitles to subscribe to one (1) new share in Zwipe at a price of 70 percent of VWAP during the ten trading days that immediately precede every third month-end, starting in April 2025, however no lower than the quota value of the Company's share and not higher than 150 percent of the subscription price in the Rights Issue. The Stock Options can be exercised on 30 April 2025 at the earliest. The issuance of shares upon exercise of the Share Options is contingent upon either a resolution by the Company's general meeting to issue the corresponding shares in accordance with the Norwegian Private Limited Liability Companies Act, or the Company's board of directors issuing the shares pursuant to an authorization granted under the Norwegian Private Limited Liability Companies Act.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 07:00 CET on 20 January 2025.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit:
http://www.zwipe.com
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus will be prepared by the Company and published on the Company's website after the prospectus has been reviewed and approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Offers to the public will be permitted in Sweden and Norway from and including the date of approval of the prospectus by the competent authority in Sweden and the competent authority in Norway has been notified in accordance with the Prospectus Regulation, through to and including the end of the subscription period in the Rights Issue.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 23 December 2024 regarding the final allocation of a rights issue of units, consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 40 million (the "Rights Issue").
The share capital pertaining to the Rights Issue has now been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The Company's new share capital is NOK 27,772,584.80, divided into 277,725,848 shares, each with a nominal value of NOK 0.10.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 15.30 on 17 January 2025.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com
APOPKA, FLORIDA AND OSLO, NORWAY– January 13, 2025 – ReddWare Inc. and Zwipe announced today that they have entered into a strategic alliance. This collaboration aims to introduce advanced biometric access control solutions to ReddWare’s most important customer vertical, its Enterprise Systems Integrators.
The core innovation of this partnership is the Zwipe Access biometric smart cards. Zwipe’s biometric smart cards store encrypted fingerprint templates directly on the card's chip. This solution provides a quick, secure, and cost-effective way to integrate biometric authentication into existing access control systems. Notably, the biometric data never leaves the card during authentication, enhancing security and ensuring privacy by avoiding external data transmission. This partnership represents a significant advancement in the field of secure access control for the marketplace.
“Under the agreement, ReddWare’s global Enterprise Systems Integrators will have access to Zwipe’s innovative biometric access cards along with ReddWare’s extensive deployment engineering services. The cards offer two-factor authentication by integrating biometrics, eliminating the need for a separate fingerprint reader. The benefit of becoming a ReddWare Enterprise Systems Integrator is that as your business grows, the quality assurance of the systems you deploy remains consistent. This is our unique value proposition.” said Rommel Roberts, CEO ReddWare Inc.
“Innovation in access control is paramount, especially in today’s fast-evolving landscape. With ReddWare Inc. as our partner, we are proud to support the deployment of Zwipe Access cards in the United States, reinforcing our commitment to delivering an additional layer of security in critical environments,” said Robert Puskaric, President and CEO of Zwipe.
About ReddWare, Inc.
ReddWare Inc. delivers IOT software development & a high performance line of computer hardware built on the world famous Supermicro chassis. ReddWare brings over ten years of listening, observing, testing and customization for Avigilon, Genetec, IndigoVision, Milestone, Qognify and other leading surveillance platforms. These machines are the ultimate surveillance storage hardware, designed for high performance.
To know more, visit https://reddwareinc.com/ or contact 407-901-3192 X105
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card technology for payment, physical and logical access control as well as identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway with a global presence.
To know more, visit http://www.zwipe.com
