OSLO, NORWAY - 19 April 2022 - The share capital increase of 150,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 24 March 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,751,668.50, and the new number of shares and votes is 37,516,685
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 www.zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
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 11:30 CET on 19 April 2022.
OSLO, NORWAY and ZURICH, SWITZERLAND – 14 April 2022 – Zwipe, a leading provider of on-card biometric solutions, has partnered with LEGIC Identsystems, one of the leading experts in end-to-end security for smartphone and smartcard-based access and mobility solutions. The partnership will provide end-to-end biometric access control solutions using LEGIC’s Security Platform.
On the backdrop of increasing requirements for security, data privacy and GDPR compliance, Zwipe and LEGIC Identsystems have successfully combined their respective high performance and innovative technologies for a next generation biometric system-on-card for access control. This solution provides highly secure multi-factor authentication integrated in an ID-Card form factor.
Speaking on the partnership, John Harvey, Head of BU Access Control at LEGIC said, “Zwipe’s embedded biometric verification in batteryless smartcards adds a revolutionary new layer of security to the huge installed base of LEGIC card-based access control systems worldwide. This innovation brings benefits that were formerly only available on smartphone solutions, while preserving existing infrastructure and drastically reducing time-to-market ”.
“We are very excited with our cooperation with LEGIC, one of the leading global providers of end-to-end security platforms for smartphone- and smartcard-based access, mobility, shared resource and industrial IoT applications. We are already working on several sharp customer cases based on LEGIC’s Security Platform. We are confident this is only the start of a long series of opportunities with LEGIC”, said André Løvestam, CEO of Zwipe.
Zwipe Access adds two-factor authentication to existing contactless card-based access control systems without the need to upgrade any of the existing infrastructures, meaning that no new readers, pin pads or cameras need be installed at the doors, gates, or turnstiles. The authorized user’s fingerprints data are captured, using the card’s integrated fingerprint sensor, encrypted, and then stored in the card's secure element.
The biometric data are not shared with anyone, and no database is needed which ensures privacy and simplifies the path towards GDPR’s compliance. The biometric verification on card ensures that only the legitimate cardholder is granted access. Zwipe Access is contactless, batteryless and easy to use, with significantly shorter transaction time than conventional biometric access control systems.
To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
About LEGIC
For over 25 years, Swiss-based LEGIC Identsystems has enabled companies from around the world to deploy solutions with demanding security requirements. Based on key management, trusted services, and secure, contactless semiconductors, the LEGIC Security Platform provides end-to-end security for smartphone- and smartcard-based access, mobility, shared resource and industrial IoT applications.
For more information, please contact Natascha Marty, Corporate Communications Manager, LEGIC Identsystems Ltd. at + 41 44 933 64 64 or natascha.marty@legic.co
OSLO, NORWAY and AMMAN, JORDAN – 12 April 2022 – Zwipe and CSC-Jordan are pleased to announce their collaboration to pilot Biometric Payment Cards built on the Zwipe Pay platform. This pilot will be deployed with CSC-Jordan's own issued cards, paving the way for CSC-Jordan's client banks to also launch their new card products powered by biometrics from Zwipe.
CSC-Jordan is an issuer, acquirer and processor, servicing many banks in Jordan and expanding into many other territories in the region. The company offers a bouquet of services and secure payment technologies in the management and operation of electronic payment systems, including processing and authorizing financial transactions, as well as connecting ATMs and point of sale (POS) networks. CSC-Jordan is licensed by both Visa and MasterCard for which they currently issue cards.
Speaking on this development, Mr. Basem Dweik, General Manager at CSC-Jordan said, “We are pleased to partner with Zwipe, a global technology brand in biometric payment cards, to bring next generation contactless payment experience – ensuring top-class security and user experience for customers. We are aiming for the pilot to commence in the early summer of 2022.”
As part of this partnership, Zwipe will support CSC-Jordan through all stages of issuing the next generation payment cards and also offer them to other issuers in Jordan.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said, “We are excited to partner with CSC-Jordan. Being a leading and multi-faceted payment company, combining its roles as issuer, acquirer and processor, CSC-Jordan is able to expand the partnership and will enable all the clients of CSC-Jordan who are interested in the next gen biometric payment cards to pilot and launch the product.”
For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
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About CSC-Jordan
At CSC-Jordan, we are proud of our role in creating the future through providing the best and latest technological solutions across all forms of electronic payments, as well as our ATM management services. We provide banks, financial institutions, retailers, companies a road to success, offering innovative solutions that are defined by their flexibility and security.
CSC-Jordan offers a bouquet of services and secure payment technologies in the management and operation of electronic payment systems. Our services include processing and authorizing financial transactions, as well as connecting ATMs and point of sale (POS) networks, along with
managing and organizing clearing and settlement procedures for financial operations. In addition, CSC is a payment services provider that exclusively issues all types of payment cards depending on our clients’ needs. We are also the proud owners and providers of the Islamic Visa credit card – Arabex. All our services respond to the developments in Jordan’s electronic payment market.
To learn more, visit www.cscjordan.com
OSLO, NORWAY and BAGHDAD, IRAQ – 4 April 2022 – Zwipe and the National Bank of Iraq are pleased to confirm that they will pilot Biometric Payment Cards built on the Zwipe Pay platform, making it one of the first pilots of the next generation contactless payment cards in Iraq.
The National Bank of Iraq (NBI) is one of the largest private banks in the country. Its majority ownership and management has been under Jordan's Capital Bank Group since 2005. The bank provides a comprehensive range of banking services to corporates and consumers. Today, NBI has 19 branches in all major cities in Iraq, a key emerging market in the Middle East seeking innovation in its payment ecosystem to minimize fraud and corruption and deliver an excellent user experience.
Speaking on this development, Mr. Ayman Abu Dhaim, CEO at the National Bank of Iraq said, “We are very pleased to partner with Zwipe, a leading technology brand in biometric payment cards globally, and areeba, a leading payment service provider in the region. We are keen to be amongst the first banks in the region to introduce this world-class innovation, ensuring that our customers are extremely well protected when using payment cards while enjoying a great user experience. We are aiming for the pilot to commence in the summer of 2022.”
Mr. Issam Adra, General Manager of areeba Iraq, added: “Biometric payment cards will make the lives of NBI’s customers frictionless, safer, and more secure. areeba is a well-known frontrunner in bringing wide-ranging payment innovations to markets. Zwipe is our well-established partner for biometric payment cards, and we are very pleased about extending our collaboration to Iraq.”
Ramzi Saboury, General Manager of Zwipe in the MENA Region said, “We are excited to partner with the National Bank of Iraq. I am pleased that our collaboration with the Central Bank of Iraq has encouraged leading Iraqi issuers such as NBI to embrace next-generation payment cards. With 40 million inhabitants and 7 million payment cards, expected to grow to more than 10 million over the next 4 years according to the World Bank, Iraq represents a significant growth opportunity for Zwipe in the Middle East.”
About NBI
National Bank of Iraq, owned by Jordan's Capital Bank Group since 2005, provides a comprehensive range of innovative banking services to corporates and individuals in Iraq. With its extensive network of correspondent banks, Capital Bank stands as National Bank of Iraq’s gateway to global economies, as it facilitates sending and receiving internal and external transfers, granting credit facilities, and providing trade finance services. National Bank of Iraq can trade on behalf of its clients in the Jordanian market and in global markets through Capital Investments, Capital Bank’s investment arm- as well as providing trading services in the Iraq Stock Exchange through its wholly owned subsidiary.
The acquisition that Capital Bank Group undertook towards the end of 2020 of the Lebanese Bank Audi business in Jordan and Iraq reinforced the group’s expansion and presence in these two markets, as the branches of the National Bank of Iraq increased from 13 to 19 branches in all major cities.
In addition, the National Bank of Iraq is furthering its regional expansion with the recently established operations in the Kingdom of Saudi Arabia.
About areeba
AREEBA IRAQ FOR INFORMATION TECHNOLOGIES AND ELECTRONIC PAYMENT LLC (PRIVATE COMPANY) is an Iraqi entity fully regulated and licensed by the Central Bank of Iraq for issuing, processing and acquiring services under CBI license number 12, provides smarter, faster, and seamless payment solutions for banks, financial institutions, merchants, governments and individuals. Areeba-Iraq takes the business further by introducing new technologies to facilitate cashless payment in Iraq. Areeba-Iraq is ultimately owned by Areeba Holding Limited, the leading operating firm in the region; and is a principal member at Mastercard and Visa, as well as it has a strategic partnership with American Express.
For further information please contact: Issam Adra, General Manager , +9647803988098, www.areeba.iq or e-mail: iraq@areeba.iq
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
For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
OSLO, NORWAY – 1 April 2022 – Zwipe, a leading biometric fintech company, is delighted to announce that Mr. Patrice Meilland is appointed as Chief Strategy and Product Officer effective today. Mr. Meilland’s main focus areas will be strategy, strategic partnerships and Zwipe’s product portfolio and roadmap. The product management team is placed under his leadership.
Mr. Meilland joins Zwipe from the position as SVP of Advanced Cards at Idemia, where he was responsible for Idemia’s biometric cards roadmap, including the BioSE project, as well as product lines such as eco-friendly cards, dynamic CVV cards, transport and urban mobility cards.
Mr. Meilland’s extensive business and technical experience in the semiconductor, mobile, and payment card industries include 7 years at Idemia and 26 years at STMicroelectronics and ST-Ericsson. Mr. Meilland has had P&L responsibility for businesses of over $500m and 400 persons and has acquired deep experience in strategy, business development, supply chain management, product management and more.
“I am delighted and proud to welcome Patrice to Zwipe. He is a transformative leader with a global perspective and deep industry insights gathered over more than 30 years in the industry. He is highly respected, knowledgeable and connected. As Zwipe’s Chief Strategy and Product Officer, Patrice will help defining our strategy and driving our future growth with our strategic partners and the product team, enabling Zwipe to remain one of the most competitive and dynamic companies in the industry”, said André Løvestam, CEO of Zwipe.
Mr. Meilland will be a member of Zwipe’s senior management team and report to the CEO.
“I am honored to join Zwipe and am looking forward to helping grow the company and its business, as well as working with the industry and ecosystem to foster adoption of biometric cards across various segments. I am also deeply convinced that, as a leading biometric fintech company, Zwipe has an important role to play in the evolution of payments and access towards biometry, and I see great potential ahead for development and growth”, said Patrice Meilland, Zwipe’s new Chief Strategy and Product Officer.
For further information, please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
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 ID 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 - 29 March 2022 - Tag Systems, a leading provider of payment cards (and part of the AUSTRIACARD Group) has obtained the Letter of Approval (LoA) from VISA that enables the production of certified biometric payment cards using the Zwipe Pay platform.
This development confirms that Zwipe's complete solution is ready for full scale production by Tag Systems for adoption by issuers globally. Zwipe obtained its VISA Letter of Approval (LoA) for its Zwipe Pay platform on 24 March 2022, enabling smart card manufacturers working with Zwipe to swiftly obtain VISA certification for their own biometric payment card designs.
“We are pleased to see the second certification granted to our customers for biometric cards based on Zwipe Pay. On behalf of everyone at Zwipe, I would like to congratulate the team at Tag Systems and Austria Card Group on this achievement. We are ready to support your deployments,” said André Løvestam, CEO of Zwipe.
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 ID 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
For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
OSLO, NORWAY – 28 March 2022 – Zwipe, a leading provider of on-card biometric solutions, confirms that its biometric access control solution, Zwipe Access, has been selected by Fraport AG as one of two partners in Fraport’s “Biometrics@Controllane” project.
Fraport AG – which ranks among the world’s leading companies in the global airport business – offers a full range of integrated airport management services and boasts subsidiaries and investments around the globe. It operates within 31 airports globally, including the main airports in Frankfurt (FRA), New York (JFK), New Jersey (EWR), Baltimore/Washington (BWI), Cleveland (CLE), Nashville (BNA), Pittsburgh (PIT) and Delhi, India (DEL). Fraport has recently launched a project within its Digital Factory to identify the optimal solution for performing a biometric comparison between the airport ID card and the person requesting access. The technology is planned to be used on a few selected security checkpoints first.
Zwipe Access is a new, highly secure and at the same time easy to handle biometric smart card solution for access control. It is battery-less and fully compatible with market-leading card-based access control infrastructures. Zwipe Access adds two-factor authentication to existing contactless card-based access control systems without the need to upgrade any of the existing infrastructures, meaning that no new readers, pin pads or cameras need be installed at the doors, gates, or turnstiles. The biometric authentication provides assurance that only the legitimate person is granted access.
“We are delighted to be selected as finalists in this MVP process for Fraport AG, a lighthouse and leading innovator in the global airport industry. We look forward to demonstrating the security and excellent user experience of Zwipe Access in this MVP over the course of this summer. Authenticating legitimate access card holders, Zwipe Access provides a step change in security and control without changing the existing backend infrastructures and thereby saving cost and time,” said André Løvestam, CEO of Zwipe.
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 www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
OSLO, NORWAY - 25th March 2022 - Zwipe is pleased to confirm that Beautiful Card Corporation (BCC), a prominent Taiwanese card manufacturer with global deliveries, has obtained the Letter of Approval from VISA for its biometric payment cards based on the Zwipe Pay platform.
This development confirms that Zwipe's complete solution is now ready for full scale production by BCC for adoption by issuers globally. Zwipe obtained its VISA Letter of Approval (LoA) for its Zwipe Pay platform on 24th March 2022, enabling smart card manufacturers working with Zwipe to leverage Zwipe’s certification results to swiftly obtain VISA certification for their own biometric payment card designs.
“It is great to see the first confirmation of certification of biometric cards based on Zwipe Pay from one of our valued customers. We congratulate BCC on their achievement and look forward to supporting them on their growth journey powered by biometrics from Zwipe,” said André Løvestam, CEO of Zwipe.
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 ID 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
For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
OSLO, NORWAY – 24 March 2022 – Zwipe, a leading provider of biometric payment card solutions, is proud to announce that it has obtained the Letter of Approval (LoA) from Visa for the Zwipe Pay platform, the most advanced biometric card solution available to all smart card manufacturers in the market today. This LoA enables Zwipe’s customers (smart card manufacturers) to leverage Zwipe’s certification results to obtain Visa certification for their own biometric payment card designs.
Zwipe Pay passed all tests required to obtain the Visa Letter of Approval. This confirms that the Zwipe Pay biometric payment card platform meets the security and performance standards required by Visa. Zwipe’s complete end-to-end solution is now ready for full scale production by smart card manufacturers and adoption by issuers. The product is approved for issuance anywhere in the world.
Issuers can now leverage Visa’s global network and start to deliver biometric payment cards, built on Zwipe Pay technology.
“Having the Zwipe Pay platform certified by Visa is a historic milestone for Zwipe and our customers. Consumers will benefit from more convenient, safe, and secure ways to pay. Issuers will have the opportunity to create differentiation, accelerate customer acquisition, uplift loyalty and create new revenue streams. The pathway is now open for smart card manufacturers and issuers all over the world to certify, produce and deploy biometric Visa cards based on Zwipe Pay,” said André Løvestam, CEO of Zwipe.
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 ID 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
For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@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 09:45 CET on 24 March 2022.
Please see attachment for minutes from the Extraordinary General Meeting of Zwipe AS, held 11, April 2019.
SAO BERNANDO DO CAMPO, BRAZIL – 9 APRIL 2019 – Biometric technology company Zwipe and Thomas Greg & Sons do Brasil (TGS), reference in Technology Solutions, Services of Identification and Printing of Security Documents in Brazil and in the world, one of the largest card manufacturers in Latin America with 55 million cards produced in 2018, have agreed to co-develop and launch biometric payment cards.
Commenting on this strategically important development President of Thomas Greg & Sons do Brasil, Hernani Finazzi said “We are excited to partner with Zwipe and leverage their industry leading expertise and intellectual property to be a first mover in Brasil with a product we believe has a strong value proposition to our customers, some of the region’s most established and fasted growing issuers.”
TGS intends to utilize Zwipe’s technology platform in bringing their biometric payment cards and other associated solutions to market. Development has begun with integration of the TGS payment card platform with Zwipe’s proprietary biometric technology with the first joint products planned for release in 2019. The two companies also confirmed that there are multiple banks in Brazil who have already engaged in serious dialogues to trial the solution.
Speaking on this important partnership André Løvestam, CEO of Zwipe said “ We are proud to partner with a leading and innovative first mover like TGS and looking forward to collaborating on new opportunities in Latin America and beyond.”
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OSLO, NORWAY - APRIL 5, 2019 - Zwipe CEO, André Løvestam, presented at the Goode Intelligence Biometric Summit yesterday at Rise New York. He shared Zwipe's views on how biometric payment cards and biometric enabled wearable devices will help further expand the prevalence of contactless payments.
Please find the presentation attached.
OSLO, NORWAY - 4 April 2019: Reference is made to the notice sent on 12 March 2019 for extraordinary general meeting on 11 April 2019 at 13:00 CET.
After issuance of the notice, the board have received a request from two shareholders for additional items to be included in the agenda for the extraordinary general meeting.
Enclosed you will find an addendum to the notice of the extraordinary general meeting relating to the shareholders request as applicable to their shareholder rights, which relates to:
As stated on the notice sent 12. March; notice of attendance, in person or by proxy, shall be given no later than 10 April 2019 at 16:00 CET. Shareholders are encouraged to register this electronically through the company’s website www.zwipe.com or through VPS Investor Services (where pin code and reference number is not needed). Alternatively, the attached form may be sent by e-mail to genf@dnb.no, or regular post to DNB Bank ASA, Verdipapirservice, NO-0021 Oslo.
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OSLO, NORWAY – 02 APRIL 2019 – Biometric technology company Zwipe and TAG Systems Group, a leading European card manufacturer announced a partnership to launch a commercial biometric payment card offering that will include a secure at-home enrolment solution.
TAG Systems is the primary card manufacturing partner for a large number of financial institutions based in Northern Europe and is a leading provider of a multitude of products for the major European based challenger banks that have seen rapid growth in the last 18 months.
Commenting on this major development in the growing biometric payment card marketplace Jon Neeraas, CEO of TAG Systems, said “we are excited to launch this partnership with Zwipe leveraging their expertise and intellectual property in this emerging product vertical” adding “we work with some of the world’s largest and fastest growing challenger banks and see their capability to launch new products in high volume, we believe financial institutions can embrace this biometric payment card technology and successfully scale up.”
TAG Systems’ subsidiaries throughout Europe including TagNitecrest in the UK, will support the commercialization of the solution by integrating Zwipe’s proprietary biometric technology platform by utilizing their expertise in card manufacturing, personalization and fulfillment services.
Speaking on this partnership André Løvestam, CEO of Zwipe, said “TAG Systems is one of most prominent card manufacturers in the Nordics and a first mover and leading supplier to European challenger banks. I am confident that this collaboration will further strengthen Zwipe’s position in the growing biometric payment marketplace.”
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OSLO, NORWAY – 01 APRIL 2019 – Biometric technology company Zwipe is pleased to announce the appointment of Dr. Robert Mueller as its Chief Technology Officer, effective today.
Dr. Mueller joins Zwipe with an impressive track record of over 20 years in senior technical development positions focusing on biometrics and smart card technology at leading companies such as Siemens, Giesecke+Devrient and BMW. His most recent role was serving as Chief Technology Officer at Next Biometrics.
At Zwipe, Dr. Mueller will lead Zwipe’s technical vision and development to ensure the company’s commercialization and long-term success. With this appointment, Zwipe will establish a European tech hub, which will complement the company’s existing research and development center in Colorado Springs, USA. Based out of Munich, Germany, the new hub will add further expertise to Zwipe on biometrics, algorithms, payment card integration, enrolment solutions and product management.
Commenting on this strong addition to the Zwipe team, CEO of Zwipe André Løvestam said “Robert brings a wealth of experience and knowledge and will be instrumental in ensuring the successful delivery of our technology platform to our expanding global customer base.”
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Oslo, 12 March 2019: Zwipe AS today publishes its annual report 2018. The report is attached to this notice and available for download at www.zwipe.com/about/ (investor relations).
The general meeting of Zwipe AS will be held Tuesday, 14 May 2019 at 13:00 CET.
For more information, please contact:
Lisbeth Breum, CFO
+47 932 28 126
lisbeth@zwipe.com
About Zwipe
Zwipe is a technology solution provider that enables battery-less, ultra-low-power, self-contained biometric authentication solutions. Together with an ecosystem of partners including global brands within financial services, security and ID applications, Zwipe is “Making Convenience Secure™” for banks, merchants and consumers. Using advanced fingerprint recognition while protecting personal information, Zwipe’s solutions address the data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, Zwipe has spent the last 10 years developing its unique power harvesting technology platform in combination with security solutions based on international infrastructure standards.
To subscribe or unsubscribe to notification of Zwipe news, please visit www.zwipe.com
Oslo, Norway, February 27 2019: Biometric technology company Zwipe has selected Fingerprint Cards’ T-Shape sensor for use in the company’s latest generation offering to be submitted for certification as part of Zwipe’s commercialization efforts for biometric payment cards. The selection is based on the sensor’s performance and scalability in mass volume production.
The selection also highlights Zwipe’s first patent* describing a method of manufacturing a smartcard with an on-board biometric sensor, where first a card body is formed having a circuit embedded within it, and then a cavity is formed in the card body to expose contacts on the circuit to connect to the biometric sensor. In the card manufacturing industry this production method is commonly referred to as post-placement, enabling industrialized manufacturing techniques such as hot lamination of plastic cards without damaging the sensor.
The T-Shape sensor is specifically designed to utilize this post-placement production method as it is the most efficient means of mass producing biometric smart cards. It is expected that, over time, a significant portion of biometric smart cards will be manufactured in this method. As previously communicated, fingerprint sensor suppliers are expected to sell sensors made for post-placement directly to the card producers as they will not be fixed to the card inlay before lamination.
The patent has been granted by the European Patent Office (EPO), as well as in the United States, China, South Korea and Australia. The patent was challenged in the EPO by multiple industrial groups. As a result, the patent is currently in an appeal process which is expected to take a minimum of two years if not longer to complete and finalize. During this period the rights granted under the EPO patent are upheld for the patent holder until a final decision is rendered.
Speaking on the selection André Løvestam, CEO of Zwipe, said “we have a long-standing partnership with Fingerprint Cards and have chosen the T-Shape sensor because it gives our solution the quickest route to market, helping Zwipe offer a mass-market ready solution while leveraging our strong position in the value chain as evidenced by our patent portfolio.”
*Patent Numbers US9471825B2 / EP2842079B1 / KR 101758444B1 /CN 104380313B /AU2013252025/EP2842079B1
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About Zwipe
Zwipe is a technology solution provider that enables battery-less, ultra-low-power, self-contained biometric authentication solutions. Together with an ecosystem of partners including global brands within security, financial services and ID applications, Zwipe is “Making Convenience Secure™” for banks, merchants and consumers. Using advanced fingerprint recognition while protecting personal information, Zwipe’s solutions address the data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, Zwipe has spent the last 10 years developing its unique power harvesting technology platform in combination with security solutions based on international infrastructure standards. To learn more, visit www.zwipe.com
Further information:
André Løvestam, CEO
+47 930 44 040
info@zwipe.com
The offering and outcome in brief
Commenting on the capital raise André Løvestam, CEO of Zwipe, said: “Zwipe is at the forefront of a global shift towards more secure and convenient contactless payments and the market is primed for growth. We are confident that our industry leading technology and partnerships will secure a strong market position both in the short and long-term. Thanks to the new funding received, we can intensify our efforts to support our customers and partners in Making Convenience Secure.”
Commenting on the capital raise Jörgen Lantto, Chairman of the Board of Zwipe, said: “The capital raise and subsequent admission to trading at Merkur Market are important milestones for Zwipe, as the company seeks to capitalize on its strong position in the biometric payment marketplace and as the payment industry moves towards bringing biometric payment cards to consumers. We would like to thank our existing shareholders for their continued support and welcome all new shareholders to Zwipe.”
Carnegie acted as Manager and Joint Bookrunner together with Redeye in connection with the offering. In addition, Nordnet acted as Selling Agent. Advokatfirmaet Simonsen Vogt Wiig AS acted as legal advisor to the company and Advokatfirmaet Wiersholm AS acted as legal advisor to Carnegie.
Investor Relations contact:
Lisbeth Breum, CFO, +47 932 28 126 lisbeth@zwipe.com
About Zwipe
Zwipe is a technology solution provider that enables battery-less, ultra-low-power, self-contained biometric authentication solutions. Together with an ecosystem of partners including global brands within security, financial services and ID applications, Zwipe is “Making Convenience Secure™” for banks, merchants and consumers. Using advanced fingerprint recognition while protecting personal information, Zwipe’s solutions address the data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, Zwipe has spent the last 10 years developing its unique power harvesting technology platform in combination with security solutions based on international infrastructure standards.
To learn more, visit www.zwipe.com
