OSLO NORWAY and CALIFORNIA, USA – 28 March 2023 – CardLogix, a global supplier of smart cards for authentication, encryption, biometric and other card operating systems has partnered with biometric cards pioneer Zwipe as its technology partner in pursuing the global market opportunities for biometric access cards.
With the disruptive Zwipe Access platform, CardLogix will be able to deliver highly advanced and secure biometric card products that are also exceedingly user-friendly.
According to Sebastien Goulet, CEO of CardLogix, “We are excited about the opportunity that this innovative technology represents. The biometric solution provided by Zwipe combines breakthrough technologies and is the ideal platform for the next generation of highly secure access, ID cards and CardLogix biometric solutions.”
According to the partnership, CardLogix will provide secure loading of smart credentials for Zwipe’s BSoC access cards.
“We are happy that Zwipe is a part of this collaboration. What adds significance to this partnership is the value that CardLogix will deliver to our US customers and the availability for them of our leading-edge biometric access cards. We look forward to strengthening this relationship for supplying biometrics-enabled cards to our integration partners for access control solutions and their customers in airport, data center, critical infrastructure and other secure facilities across North America.” says Robert Puskaric, President and CEO of Zwipe.
About CardLogix
CardLogix, based in Rancho Santa Margarita, California, USA, is a smart card & biometric solution provider, software developer, and the premier provider of smart card components with a comprehensive line of Software Development Kits (SDK), tools that enable swift card or biometric project development. Since 1998, CardLogix has supplied millions of cards and card components to over 84 countries around the world. As an expert in smart card and chip technology, card operating systems, card software, biometric enrollment, validation, verification, development tools, and middleware, CardLogix has continuously been at the forefront of smart card and biometric technology offering all types of solutions.
Please send media inquiries at sales@cardlogix.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 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
OSLO, NORWAY - 23 MARCH 2023 - Reference is made to the stock exchange announcements published by Zwipe AS (the "Company") on 21 March 2023 regarding the final result of the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue") and the subscriptions made by the primary insiders Robert Mueller on 9 March 2023 and Diderik Schonheyder on 10 March 2023, respectively.
Due to a miscalculation of the number of Offer Shares the subscription rights received in the Rights Issue entitled them to based on the 9:5 subscription ratio, the number of Offer Shares subscribed for in the Rights Issue was incorrectly reported for Robert Mueller and Diderik Schonheyder. The miscalculation was identified following receipt of their final allocation of Offer Shares in the Rights Issue.
Please see the attached notifications of trade correcting the notifications made on 9 March 2023 for Robert Mueller and on 10 March 2023 for Diderik Schonheyder.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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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 http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") earlier today regarding the final results of the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share (the "Rights Issue").
Diderik Schonheyder, a board member of Zwipe AS, has today, on 21 March 2023, been allocated and thereby validly subscribed for the 10.945 Offer Shares he over-subscribed in the Rights Issue.
Please see the attached notification of trade for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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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 http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue expired at 16:30 hours CET yesterday, on 20 March 2023.
The Company received subscriptions for a total of 14,308,313 Offer Shares, corresponding to 68.59% of the Offer Shares, during the subscription period for the Rights Issue.
The allocation of the Offer Shares in the Rights Issue has now been completed on the basis of the allocation criteria resolved by the extraordinary general meeting of the Company in connection with the approval of the Rights Issue, and as set out in the prospectus prepared for the Rights Issue dated 1 March 2023 (the "Prospectus").
The board of directors of the Company has allocated a total of 20,862,047 Offer Shares in the Rights Issue, of which 14,308,313 Offer Shares were allocated based on subscriptions received in the subscription period (which includes subscriptions made by the underwriters during the subscription period) and the remaining 6,553,734 Offer Shares were allocated to the underwriters for the Rights Issue.
Notifications of conditionally allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber not yet having paid for their subscriptions are expected to be distributed tomorrow, on 22 March 2023. Payment for the allocated Offer Shares falls due on 24 March 2023 in accordance with the payment procedures described in the Prospectus.
The Offer Shares may not be transferred or traded before all Offer Shares have been fully paid for and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Subject to timely payment of the entire subscription amount in the Rights Issue, the Company expects that the share capital increase pertaining to the Rights Issue will be registered with the Norwegian Register of Business Enterprises on or about 28 March 2023. Under the same conditions, allocated Offer Shares are expected to be delivered on or about 29 March 2023 through the facilities of VPS and on or about 31 March 2023 through the facilities of Euroclear. Trading in the Offer Shares on Euronext Growth Oslo is expected to commence on or about 28 March 2023 and on Nasdaq First North Growth Market on or about 31 March 2023.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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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 above, at 18:00 on 21 March 2023.
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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 http://www.zwipe.com.
IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 20 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue will expire today, on 20 March 2023, at 16:30 hours (CET).
Subscriptions for Offer Shares by subscribers with a VPS account must be made by submitting a correctly completed subscription form to DNB Bank ASA, Registrar's Department (the "VPS Registrar") at the following address: Dronning Eufemias gate 30, P.O. Box 1600 Sentrum, N-0021 Oslo, Norway, or by e-mail to: retail@dnb.no, by 16:30 hours (CET) today, 20 March 2023, or, in the case of online subscriptions, be registered through the VPS online subscription system within the same deadline.
Subscription rights that are not used to subscribe for Offer Shares by the end of the Subscription Period will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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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 http://www.zwipe.com.
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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY and RIYADH, SAUDI ARABIA– 16 March 2023 – Unicard, a provider of secure solutions in the Kingdom of Saudi Arabia (KSA) and a subsidiary of Inkript, a digital security solutions provider in the Middle East and Africa, has partnered with Zwipe to deploy biometric payment cards in the MEA region. With this collaboration, Zwipe will strengthen its presence in one of the leading markets in the MEA region.
Unicard develops customized solutions in security printing and is a leading supplier of smartcards for the Saudi market.
Commenting on this major development of the growing and promising biometric payment card market, Riad Itani, Managing Director at Inkript Industries, said, “Our partnership with Zwipe is key in a growing market such as KSA. In the last few years, we have been witnessing an increase in digital payment usage in the Kingdom but security remains key to the growing adoption of innovative payment methods. Therefore, the demand for biometric payment cards has grown as Saudi consumers have shown an openness for new payments options. The government is also encouraging cashless transactions and promoting payment innovation with emphasis on fraud prevention.
"In fact, according to Global Data’s forecast, the Saudi Arabian payments market is expected to grow at a strong compound annual growth rate (CAGR) of 13.6% between 2022 and 2026 to reach $ 219.2 billion in 2026. We believe that the rapid evolution of the biometric payment card market is imminent in a country supported by a robust contactless payment infrastructure. As biometric authentication is reshaping payments, we are looking forward to working with Zwipe, to provide our clients in the Kingdom with the latest and most secure biometric payment technology”.
As part of this agreement, Zwipe will provide its VISA and Mastercard approved Zwipe Pay biometric payment card platform to Unicard to make biometric payment cards available in Saudi Arabia and the MEA region. Unicard will benefit from Zwipe’s biometric technology platform and expertise in biometric card manufacturing, personalization and fulfillment services.
According to Ramzi Saboury, General Manager for Zwipe in Middle East and Africa, “The Kingdom of Saudi Arabia is a key market for Zwipe, with a high potential for biometric payment cards. We are therefore very pleased with this new partnership with Unicard. Our clients will benefit from getting our partner biometric cards based on the most advanced and certified Zwipe Pay solution.”
About Unicard
Unicard was established in 2004 in Dammam, KSA, and was acquired in 2012 by Inkript, an established digital security solutions provider in the Middle East and Africa. Unicard is a secure solutions provider supporting governments, telecom operators, financial institutions and large corporations, and mainly caters to the Saudi market with a constant expansion throughout the region. The company is specialized in smartcard production and security printing, and complies with ISO standard (ISO 7811) in cards manufacturing.
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 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, please visit www.zwipe.com
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 14 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company" or "Zwipe") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The trading period in the subscription rights in the Rights Issue on Euronext Growth Oslo (ticker code "ZWIPT") and on Nasdaq First North Growth Market (ticker code "ZWIPE TR") expires at close of trading today, 14 March 2023, on Euronext Growth Oslo at 16:30 hours (CET) and on Nasdaq First North Growth Market at 17:30 hours (CET), respectively.
The subscription period for the Rights Issue expires at 16:30 hours (CET) on 20 March 2023.
Subscription rights that are not sold before close of trading today, 14 March 2023, or used to subscribe for Offer Shares in the Rights Issue before the expiry of the subscription period on 20 March 2023 at 16:30 hours (CET), will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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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 http://www.zwipe.com.
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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY – 10 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares to which the number of subscription rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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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 http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 9 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares to which the number of subscription rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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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 http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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
