OSLO, NORWAY – 25 October 2022 – During the third quarter, Zwipe AS (“Zwipe” or “the company”) continued to strengthen its platform and market position to help its customers deliver biometric payment and access control cards to the market.
Significant events during the period
Significant events after the period
Operational review
In August 2022, Zwipe received the Component Conformity Statement (CCS) certificate from Mastercard, a significant milestone for the Zwipe Pay platform. With this certification, Zwipe became the first biometric payment card platform available to SCMs to achieve scheme approvals from both VISA and Mastercard. Soon after this announcement, Tag Systems was the first of our SCM customers to receive approval by Mastercard to deploy their biometric card products using the Zwipe Pay platform. Certification from Mastercard is expected to further accelerate issuer pilots and planned launches based on Mastercard's network.
Zwipe continues to focus on executing our signed issuers’ pilots. In total, seven issuer pilot projects are progressing according to issuer plans – including our first major announced pilot, the global Tier-1 bank pilot and the MEPS pilot. Additional pilot launches are expected in the coming quarters, with start dates to be defined by issuers. Zwipe’s SCM customers also saw a significant expansion in their issuer pipelines during the quarter, beginning engagements with ten new large and medium sized banks – primarily in the Latin America (“Latam”) and Asia Pacific (“APAC”) regions.
We also continued to make significant progress for Zwipe Access during the third quarter. In July, Fraport AG announced the conclusion of The Digital Factory – Biometric Security Controls project at Frankfurt Airport. Zwipe Access cards were tested by Fraport employees in real-time and passed all project requirements successfully. Zwipe is now shortlisted as a suitable contender to provide next generation access control when Fraport moves forward. Just after the end of the third quarter, Civix, one of America’s leading providers of security solutions to over 100 airports in North and Latin America, selected Zwipe’s access control technology to augment their security propositions for airport operations – further enhancing Zwipe’s position in the airport vertical.
On the technology side, the R&D team has continued to make good progress on finalizing our mobile enrollment solution for both Android and iOS, ensuring value-added enhancements that will enable consumers to have a seamless enrollment experience.
Zwipe also took an important step by establishing a dedicated Customer Success team to accelerate pilot execution. Jens Hansen was recruited to lead this department and becomes a member of the Zwipe Leadership Team, while several employees were transferred to the Customer Success unit.
Most importantly, Zwipe is ending the year with strong momentum, having announced the single largest commercial order in a quarter to date for Zwipe. Further traction with this SCM and others is expected in 2023.
Financial review
Zwipe had total revenue of 0.8 mNOK during Q3 2022 versus revenue of 0.4 mNOK in Q3 2021. Net cash flow from operations was -24.2 mNOK versus -15.8 mNOK in Q3 2021, equating to an underlying average monthly operating cash flow in the third quarter of 2022 of -8.0 mNOK. Cash and cash equivalents stood at 85.8 mNOK at the end of Q3 2022 compared to 183.7 mNOK at the end of Q3 2021.
Operational update presentation
CEO Robert Puskaric and CFO Danielle Glenn will do a short presentation on the operational update today, Tuesday October 25th, at 09:30 CET.
Webcast details
Format: Webcast and Q&A
Language: English
Link: Zwipe Q3 2022 operational update
Participants will be required to register to view the webcast and participate in the Q&A
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This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and 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 on 25 October 2022.
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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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201, ir@zwipe.com
OSLO, NORWAY – 18 October 2022 – Zwipe AS will publish an operational update on 25 October 2022 at 08:00 CET. On the same day at 09:30 CET, the Company will host a webcast to present the operational update. After the presentation, the webcast will be opened up for questions from the audience.
Participants are encouraged to submit their questions prior to the webcast at the link below. Participants will be required to register to view the webcast and participate in the Q&A.
Webcast details
Date: 25 October 2022
Time: 09:30 CET
Format: Webcast and Q&A
Language: English
Link: https://q4-emea.wavecast.io/zwipe-as-q3/2022
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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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
Biometric smart cards increase security, reduce time and costs
NEW ORLEANS, LOUISIANA and OSLO, NORWAY – 14 October 2022 – In partnership with Zwipe, Civix is expanding its Aviation Secure Credentials (ASC) suite of solutions with a biometric smart card for access control. The ASC Access Cards use built-in fingerprint sensors to check the legitimacy of cardholders at points of entry. The cards are fully compatible with traditional NFC card readers, so airports can use them to implement two-factor authentication without upgrading the existing hardware. The solution is also contactless, a priority for high-traffic facilities, like airports, in light of COVID-19.
“We’re excited to continue expanding on our end-to-end suite of security solutions for airport secure credentials with the addition of ASC Access cards,” said Tim Walsh, President of Civix Airports, a trusted partner to the FAA, state aeronautics departments, and over 100 airports worldwide. “The icing on the cake is that ASC Access cards work with existing hardware, meaning airports save costs and avoid holdups associated with complicated implementation and supply chain delays.”
ASC Access cards work by giving each user a card containing their unique fingerprint data in a secure chip. When placed near a reader, the card compares the fingerprint of the person holding the card with the fingerprint data stored on the card. If they are a match, the card generates an access code and directs the control infrastructure to grant access.
“Basically, the person assigned to the card must be holding it in order to get access. It’s a simple way for airports to improve security,” Walsh explained. The authentication process is self-contained within the card, so biometric data is not transmitted and separate biometric reader hardware is not required.
“This is a heightened level of security that is incredibly fast, easy, and affordable to implement,” said Robert Puskaric, President & CEO of Zwipe. “Civix is a highly reputed system integrator and solution provider to the airport industry, and we are proud to include our biometric smart card technology to its suite of solutions improving airport security.”
Civix ASC Access cards can be used with any access control system or as part of Civix’s suite of ASC solutions, which includes IDMS software, a self-service badging kiosk, and Aviation Channeling Data Management System formerly known as Designated Aviation Channeling (DAC) services to facilitate the fast, seamless communication of biographic and biometric data securely from aviation badging entities to the federal government.
“We know airports and the challenges they face, that’s why we’re especially proud to offer affordable solutions that eliminate friction throughout entire credentialing process, from self-service badging to automated background checks to access control,” said Walsh.
About Civix Airports
Built on decades of experience and a deep understanding of airport processes, Civix provides industry-leading solutions for managing airport operations, finance, and security. Our modular technology automates data sharing and seamlessly connects airport activities – improving oversight, revenue, and compliance. Our experts have worked in every facet of airport management, and Civix is a trusted partner to the FAA, state aeronautics departments, and over 100 airports worldwide.
To learn more, visit gocivix.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
For further information please contact Robert Puskaric, President and CEO, +46 70 519 34 07 info@zwipe.com
Biometric smart cards increase security, reduce time and costs
NEW ORLEANS, LOUISIANA and OSLO, NORWAY – 14 November 2022 – In partnership with Zwipe, Civix is expanding its Aviation Secure Credentials (ASC) suite of solutions with a biometric smart card for access control. The ASC Access Cards use built-in fingerprint sensors to check the legitimacy of cardholders at points of entry. The cards are fully compatible with traditional NFC card readers, so airports can use them to implement two-factor authentication without upgrading the existing hardware. The solution is also contactless, a priority for high-traffic facilities, like airports, in light of COVID-19.
“We’re excited to continue expanding on our end-to-end suite of security solutions for airport secure credentials with the addition of ASC Access cards,” said Tim Walsh, President of Civix Airports, a trusted partner to the FAA, state aeronautics departments, and over 100 airports worldwide. “The icing on the cake is that ASC Access cards work with existing hardware, meaning airports save costs and avoid holdups associated with complicated implementation and supply chain delays.”
ASC Access cards work by giving each user a card containing their unique fingerprint data in a secure chip. When placed near a reader, the card compares the fingerprint of the person holding the card with the fingerprint data stored on the card. If they are a match, the card generates an access code and directs the control infrastructure to grant access.
“Basically, the person assigned to the card must be holding it in order to get access. It’s a simple way for airports to improve security,” Walsh explained. The authentication process is self-contained within the card, so biometric data is not transmitted and separate biometric reader hardware is not required.
“This is a heightened level of security that is incredibly fast, easy, and affordable to implement,” said Robert Puskaric, President & CEO of Zwipe. “Civix is a highly reputed system integrator and solution provider to the airport industry, and we are proud to include our biometric smart card technology to its suite of solutions improving airport security.”
Civix ASC Access cards can be used with any access control system or as part of Civix’s suite of ASC solutions, which includes IDMS software, a self-service badging kiosk, and Aviation Channeling Data Management System formerly known as Designated Aviation Channeling (DAC) services to facilitate the fast, seamless communication of biographic and biometric data securely from aviation badging entities to the federal government.
“We know airports and the challenges they face, that’s why we’re especially proud to offer affordable solutions that eliminate friction throughout entire credentialing process, from self-service badging to automated background checks to access control,” said Walsh.
About Civix Airports
Built on decades of experience and a deep understanding of airport processes, Civix provides industry-leading solutions for managing airport operations, finance, and security. Our modular technology automates data sharing and seamlessly connects airport activities – improving oversight, revenue, and compliance. Our experts have worked in every facet of airport management, and Civix is a trusted partner to the FAA, state aeronautics departments, and over 100 airports worldwide.
To learn more, visit gocivix.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
For further information please contact Robert Puskaric, President and CEO, +46 70 519 34 07 info@zwipe.com
*** The only change in relation to the original release is the text on the reference to the Market Abuse Regulation.
OSLO, NORWAY– 11 October 2022 – Zwipe is proud to announce a significant commercial order for its Zwipe Pay platform, which enables smart card manufacturers to deliver biometric payment cards. This order has been placed by one of the world’s largest smart card manufacturers delivering tens of millions of payment cards globally.
The order value is approximately USD 225,000 and the shipment is targeted for later Q4 2022, making it the single largest commercial order for a quarter in Zwipe’s history. Most notably this initial order is part of a larger volume that the smart card manufacturer expects to place in 2023. This development comes after the smart card manufacturer has started to ramp up its production readiness to deliver biometric payment cards in high volume to key growth markets in Europe.
Robert Puskaric, President and CEO of Zwipe added, “It is encouraging to see the growing commitment from one of the largest smart card manufacturers to launch biometric payment cards in higher volumes from 2023 with Zwipe. Our platform’s Visa certification in March and Mastercard’s approval in August this year has further accelerated our customers’ interest to bring their next generation payment cards to markets in continued partnership with Zwipe”.
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This information is subject to the disclosure requirements in Regulation EU 596/2014 and the Norwegian Securities Trading Act section 5-12, and 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 10:10 on 11 October 2022.
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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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
ir@zwipe.com
OSLO, NORWAY– 11 October 2022 – Zwipe is proud to announce a significant commercial order for its Zwipe Pay platform, which enables smart card manufacturers to deliver biometric payment cards. This order has been placed by one of the world’s largest smart card manufacturers delivering tens of millions of payment cards globally.
The order value is approximately USD 225,000 and the shipment is targeted for later Q4 2022, making it the single largest commercial order for a quarter in Zwipe’s history. Most notably this initial order is part of a larger volume that the smart card manufacturer expects to place in 2023. This development comes after the smart card manufacturer has started to ramp up its production readiness to deliver biometric payment cards in high volume to key growth markets in Europe.
Robert Puskaric, President and CEO of Zwipe added, “It is encouraging to see the growing commitment from one of the largest smart card manufacturers to launch biometric payment cards in higher volumes from 2023 with Zwipe. Our platform’s Visa certification in March and Mastercard’s approval in August this year has further accelerated our customers’ interest to bring their next generation payment cards to markets in continued partnership with Zwipe”.
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and 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 10:10 on 11 October 2022.
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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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
ir@zwipe.com
OSLO, NORWAY – 26 September 2022 – Jens Hansen, VP of Customer Success in Zwipe AS, has today acquired 10,000 shares in Zwipe AS. After this transaction, Jens Hansen owns 10,000 shares in Zwipe AS.
The shares were acquired on Euronext Growth Oslo at a price of 6.50.
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the transaction as listed above
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and 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 13.30 on 26 September 2022.
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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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
New biometric card powered by the Zwipe Pay platform addresses customer demand for increased security and convenience
OSLO, NORWAY – 20 September 2022 – Tag Systems, a leading provider of payment cards (part of the AUSTRIACARD Group), has been granted approval from Mastercard to deploy biometric card products using the Zwipe Pay platform. Issuers and consumers will have access to biometric payment cards built on Zwipe Pay technology that operate seamlessly across Mastercard's global network, addressing consumers’ demand for increased security and convenience through biometric authentication.
“We congratulate Tag Systems for obtaining this approval for biometric payment cards built on our platform. This will be a key step in ramping up launches and volumes across Mastercard’s global payment card network. The door is now wide open for banks to deploy biometric payment cards and address the increasing consumer demand for safer, more convenient and secure ways to pay,” said Robert Puskaric, 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, contact Robert Puskaric, President and CEO, +46 70 519 34 07 info@zwipe.com
OSLO, NORWAY – 16 September 2022 – Zwipe, a leading biometric fintech company, is delighted to announce that Mr. Jens Hansen has started as Vice President, Head of Customer Success. Jens' focus will be to scale up and speed up the deployment of Zwipe Pay and Zwipe Access customer projects and commercial launches, ensuring excellent end-to-end deliveries to customers and partners across the value chain.
Jens joins Zwipe from his position as the Head of Commercial, Technology & Data at eBay (Italy), where he worked for over six years in different leadership positions. Prior to that he worked for over 10 years at Ericsson Mobile Platforms and ST-Ericsson leading the deployment of mobile platform products to a wide range of tier-1 mobile phone manufacturers.
“In Zwipe’s H1 2022 presentation last month I had mentioned that our top priority is now to scale up and speed up commercial launches, both on Zwipe Pay and Zwipe Access with top quality and professionalism. Jens is joining us at a crucial time when we are scaling our business and platform deployment globally. Jens’ wealth of experience in leading many customer delivery projects across various high-tech sectors will be a great asset,” says Robert Puskaric, President & CEO of Zwipe.
Jens will be a member of Zwipe’s leadership team and report to Robert.
“I am very excited to join Zwipe’s exciting mission to bring the next generation contactless experience globally- to financial institutions, fintechs and enterprises. We see a strong global demand for solutions that enable touch-less user experience and strong security. This is where biometrics play a key role. I look forward to being a part of the team at Zwipe and delivering these innovations with customer success as our main priority”, said Jens Hansen, Vice President, Head of Customer Success.
For further information please contact Robert Puskaric, President and CEO, +46 70 519 34 07 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 – 23 October 2023 – During the third quarter, Zwipe continued to demonstrate progress and saw strong interest from partners in bringing biometric payment and access control cards to markets globally.
Significant events during the period
Significant events after the period
Operational review
The overall adoption of biometric payment cards remains slower than expected, but Zwipe continues to position itself well for the moment biometric payment cards become more mainstream. Globally, Zwipe and its partners now have ongoing dialogues with more than 50 potential issuers of BPCs.
In the first three quarters of 2023, Zwipe expanded its partnerships in APAC such that we have a presence in 10 countries in the region. During the third quarter, Zwipe received its first small order from our Japanese SCM for a demo kit for testing and demonstration to Issuer end customers, with at least one such intended Issuer being a major global bank. In Europe, neobanks and fintechs – particularly in the UK and France – continue to show interest in BPCs, and Zwipe believes that the first launches in Europe will come from these newer players rather than more traditional banks. Zwipe and our main European SCM partner are actively working on more than ten potential BPC projects with UK fintechs, and also plan a joint development campaign aimed at the French fintech ecosystem in the fourth quarter. In the Middle East and Africa (“MEA”), Kuwait International Bank (“KIB”) and Middle East Payment Services (“MEPS”) were responsible for the first commercial launches of Zwipe BPCs during the second quarter. KIB reports high satisfaction internally and with their high net worth Visa Infinite clients to whom the initial launch was targeted, and discussions are ongoing about introducing BPCs to wider segments of their customer base in fairly short order.
In Zwipe Access, we are making substantial inroads in establishing the market for biometric access control cards in high-security verticals, with a high volume of PoCs – some with well-known global companies – now progressing, many important go-to-market partnerships signed or in progress, and product starter kits delivered to more than ten well-known, global enterprise partners whose end customers include data centers, healthcare facilities, airports, government agencies and critical infrastructure operators. Substantial third quarter activity points to real demand in the market for biometric access control solutions, and a real desire from our partners to bring Zwipe Access to their customers.
In North America, Schneider Electric Co. has completed tests and validation and confirmed good results. We are now negotiating an OEM agreement to include Zwipe Access cards in Schneider’s product offering, which they intend to market globally through their extensive network of companies and partners. Our partner MC Dean is currently conducting in-depth testing and validation of Zwipe Access cards on behalf of a Top 3 global cloud services and data centers provider, as well as other Fortune 100 global customers and government agencies. Berkshire Hathaway Energy Group (BHE) is currently testing Zwipe’s biometric access control cards for compatibility, with the goal of replacing the legacy install base and extending the use of Zwipe biometric cards to new sites. Elsewhere in the USA, the announced proof-of-concept at Richmond International Airport has been extended to allow more testing and validation under the most extreme security and environmental conditions. We anticipate that the final report and recommendations to the aviation industry by the National Safe Skies Alliance will be published in the fourth quarter.
In Sweden, AWT, a Zwipe partner and major player in the Nordics, has received an initial small order from a global Top 100 tech company for an initial soft launch at their headquarter location. This is expected to be the foundation for further scaling up, with gradual expansion to most of their global workforce by the end of 2025. Certego, a major system integrator of access security and monitoring solutions has begun discussions to provide Zwipe’s biometric access control cards to over 100 government agencies.
Commercial priorities for 2023 remain unchanged, with the company focusing on accelerating commercialization while carefully deploying funds and maximizing cash runway.
Financial review
Zwipe reported total revenue of 0.3 mNOK during Q3 2023 versus revenue of 0.8 mNOK in Q3 2022. Cash flow from operations was -27.1 mNOK in Q3 2023 versus -24.2 mNOK in Q3 2022, equating to an average monthly operating cash flow in Q3 2023 of -9.0 mNOK versus 8.1 mNOK in the same period last year. As a result of the restructuring announced in June, changes in the organization's operational cost base are starting to show, and the full impact of these changes is expected to show from Q4 2023. Cash and cash equivalents stood at 48.3 mNOK at the end of Q3 2023 compared to 85.8 mNOK at the end of Q3 2022, and 50.5 mNOK at the end of 2022.
Operational update presentation
CEO Robert Puskaric and CFO Danielle Glenn will do a short presentation on the operational update today, Monday October 23rd, at 10:00 CET.
Audiocast details
Date: 23 October 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/GnOpyeAy2Yr
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This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and 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 07:30 on 23 October 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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
OSLO, NORWAY – 16 October 2023 – Zwipe AS will publish its Q3 2023 operational update on 23 October 2023 at 08:00 CET. On the same day at 10:00 CET, the Company will host an audiocast to present the update. After the presentation, the webcast will be opened up for questions from the audience.
Participants are strongly encouraged to submit their questions prior to the webcast on the registration page below or by sending questions to ir@zwipe.com. Participants will be required to register to listen to the audiocast and participate in the Q&A.
Webcast details
Date: 23 October 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/GnOpyeAy2Yr
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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 more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY and AND DOVER, MA - 9 October, 2023 – Zwipe, the global leader in biometric payment and access cards, has partnered with Schneider Electric's Security Solutions Group, specializing in the integration of access control, video surveillance, intrusion detection, and other security technology sub-systems, to offer the revolutionary "biometric system-on-card" solution to Schneider Electric's global customer base. Schneider Electric's clientele spans diverse sectors, including airports, transportation, healthcare, data centers, critical infrastructure, manufacturing, government, and education.
Zwipe Access leverages cutting-edge biometric capture and matching technology to securely store the cardholder's encrypted fingerprint template directly within the card's smart chip during issuance. This integration seamlessly aligns with Schneider Electric's customers' needs, enabling them to swiftly, securely, and cost-effectively incorporate biometric verification into their existing security infrastructure. Zwipe's compatibility with virtually all access control manufacturers ensures effortless integration with Schneider Electric's Continum, Security Expert, and a wide array of other access control system providers.
With Zwipe Access, cardholders can easily verify their identity by presenting their personalized card to the reader. The battery-less card draws power from the reader's RF field, and the biometric verification triggers the access control system to grant or deny access. This secure process ensures that no biometric data is shared with anyone, thus simplifying compliance with data and privacy regulations. Zwipe Access cards offer rapid, convenient multi-factor authentication, eliminating the need to replace existing physical or logical access control readers.
Lee Guill, Director of Schneider Electric Security Solutions Group, emphasized, "Reducing risk for our customers by deploying solutions that only allow authorized individuals to enter their premises is at the core of Schneider Electric. Zwipe Access is the ideal fit to provide strong multifactor authentication through biometrics at a fraction of the cost of alternative technologies. We are confident in offering our customers this amazing card solution, which also addresses today's hygiene concerns, as only the card owner ever touches it, unlike biometric readers where multiple users touch the same devices daily."
Robert Puskaric, President and CEO of Zwipe, added, "The future of secure, convenient access control is here today with Zwipe Access. Our unique solution enables fast and clean biometric identity verification while eliminating the risks associated with lost or stolen access cards. We welcome this partnership with Schneider Electric and look forward to helping them put true multifactor biometric authentication in the hands of their customers."
About Schneider Electric
Schneider Electric is a French multinational company specializing in digital automation and energy management. It addresses homes, buildings, data centers, infrastructure, and industries by combining energy technologies, real-time automation, software, and services.
For more information, please visit http://www.se.com.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work passionately across networks of international organizations, industries, and cultures to make convenience safe and secure. We pioneer 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 learn more, please visit http://www.zwipe.com/.
OSLO, NORWAY and HOUSTON, TX, USA – 5 October 2023 – Zwipe, the global leader in cutting-edge biometric payment and access card technology, has teamed up with NCS, a prominent integrator of low-voltage technology solutions specializing in physical security, access control and video surveillance. This strategic partnership marks a significant step toward making biometric system-on-card (BSoC) solutions accessible to customers across Texas. NCS serves various industries, including manufacturing, transportation, healthcare, government and education.
Zwipe Access leverages state-of-the-art biometric capture and matching technology to securely store a cardholder's encrypted fingerprint template directly within the card's smart chip during issuance. This innovation perfectly aligns with the needs of NCS’ clients seeking rapid, secure, and cost-effective integration of biometric verification into their existing access systems.
With Zwipe Access, cardholders authenticate their identity by simply holding the personalized card up to the reader. The card draws power from the reader's radiofrequency (RF) field, verifying the biometric data and triggering the access control system to grant or deny access. This robust, secure process ensures that no biometric data is shared with any external entities, satisfying stringent data privacy and compliance requirements.
Zwipe Access cards offer lightning-fast and convenient multi-factor authentication for organizations without replacing existing physical or logical access control readers.
Mike Keadle, Director of Estimating at NCS, emphasizes the commitment to security technology solutions, stating, "Our goal is to provide security technology solutions that unequivocally verify the identities of individuals entering and moving within our customers' facilities. Zwipe Access is an excellent solution to enhance our security technology offerings for physical access control, incorporating multifactor authentication through biometrics at a fraction of the cost of alternative technologies. We are confident in offering this exceptional card solution, which also addresses today's hygiene concerns, as only the card owner ever comes into contact with it, unlike biometric readers shared among multiple users."
Robert Puskaric, President and CEO of Zwipe, enthusiastically describes the partnership's potential, asserting, “The future of secure and convenient access control is available today through Zwipe Access. Our innovative solution facilitates swift and hygienic biometric identity verification while mitigating the risks associated with lost or stolen access cards. We warmly welcome this collaboration with NCS and eagerly anticipate enabling them to provide genuine multifactor biometric authentication to their valued customers.”
About NCS
NCS was founded in 1981 in Houston, TX, as a technology-driven, single-source solution provider for all our client’s audio-visual, cabling infrastructure, design-consulting, networking, and security needs. Since then, we have grown to more than 300 employees across six Texas locations. We have expanded our services to inbuilding wireless systems to deliver public safety and cellular communications and network-powered lighting systems.
For more information, visit www.ncs-tx.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 technology for payment, physical and 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 CALIFORNIA, USA – 04 October 2023 – Zwipe has become a Subscriber to EMVCo, a global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions by managing and evolving EMV®* Specifications and related testing processes.
Through this participation, Zwipe will be engaging with EMVCo and industry stakeholders to contribute to EMVCo’s ‘Biometric on Card’ work, which is exploring the development of performance and security requirements as well as approval and evaluation frameworks for biometric payment cards. Zwipe will provide its deep technical expertise, field return experience and learnings on biometric payment cards, as a widely recognized pioneer in this domain for many years.
Speaking on this development, Oliver Manahan, Director of Engagement and Operations at EMVCo, said, “We’re delighted that Zwipe has decided to become an EMVCo Subscriber. We look forward to their participation in EMVCo’s work and the opportunity to benefit from their industry expertise.”
EMVCo is exploring the development of dedicated performance and security requirements for biometric payment cards, together with supporting approval and evaluation processes, to help balance convenience and security while considering the unique challenges.
“We welcome this EMVCo initiative, which will greatly simplify market introduction of biometric payment cards by the issuers, banks and fintechs, and further accelerate market adoption of this convenient and secure payment product”, said Patrice Meilland, Chief Strategy, Product and Marketing Officer at Zwipe.
About EMVCo
EMVCo creates and manages EMV Specifications and programmes that enable seamless and secure card-based payments for businesses and consumers worldwide.
EMV Specifications support technologies including EMV Chip Contact, EMV Chip Contactless, Mobile, QR Code, Secure Remote Commerce (SRC), 3-D Secure (3DS) and Payment Tokenisation and are widely used by the payments industry to develop products and services that deliver trusted and convenient in-store, online and remote card-based payments.
As a global technical body, EMVCo is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay and Visa. Hundreds of payments stakeholders, including merchants, banks and technology providers, participate as EMVCo Associates and Subscribers to develop, evolve and enhance flexible EMV Specifications that support innovation and address marketplace needs. All EMV Specifications are available royalty free on the EMVCo website.
*EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.
To learn more, please visit www.emvco.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 & 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
OSLO, NORWAY – 25 September 2023 – Zwipe announces today that Tanya Juul Kjær, member of the Board of Directors, has resigned with immediate effect due to time constraints involving her myriad other professional commitments. Ms. Kjær has been a member of Zwipe’s Board of Directors since May 2019 and will not be immediately replaced.
Jörgen Lantto, Chairman of the Board of Directors comments, “We have appreciated Tanya’s contributions to further developing the company over the last two plus years as well as her valuable strategic insights, and wish her all the best for the future.”
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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 (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 on 25 September 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 technology for payment and access control 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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY – 11 September 2023 – Zwipe announces today that Eric Mercer, COO of Zwipe AS and CEO of Zwipe America, will leave the company as a result of the June streamlining announcement and closure of the Zwipe America subsidiary. He has accepted a new position as Director of Finance with a US-based company.
Mr. Mercer has been with Zwipe for 5.5 years and has been very important in leading Zwipe to where it stands today. He has worn various hats over the years: managing our global operations, quality and supply chain management, acting as program manager for Zwipe Pay and Zwipe Access, leading Zwipe America when it was a large team, developing personnel, and managing key partnerships across the value chain.
Robert Puskaric, CEO of Zwipe AS comments “Zwipe has taken major steps over the past years with the development and certification of Zwipe Pay, the creation of Zwipe Access as a separate business line, establishment of go-to-market partnerships and listing on Euronext Growth Oslo and Nasdaq First North Stockholm. We would like to thank Eric for his contributions to all Zwipe has achieved and wish him all the best in his future endeavors.”
Mr. Mercer will remain with the company through 29 September 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 technology for payment and access control 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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY – 8 September 2023 – Eric Mercer, COO of Zwipe AS, has today sold a total of 25,500 shares in Zwipe AS. After this transaction, Eric Mercer holds no remaining shares in Zwipe AS.
20,000 shares were sold on Euronext Growth Oslo at a price of 2.1035 NOK and 5,500 shares were sold on Nasdaq First North Growth Market at a price of 2.19 SEK.
Attached are copies of the forms submitted to the Norwegian FSA, Finanstilsynet, reporting the transactions as listed above.
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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. The information was submitted for publication, through the agency of the contact person set out below, at 18:40 on 8 September 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 technology for payment and access control 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.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY and STOCKHOLM, SWEDEN – 4 SEPTEMBER 2023 – AWT, one of the prominent security companies in Sweden focusing on providing advanced security solutions has partnered with Zwipe as its technology partner in pursuing the global market opportunities for biometric access cards.
With Zwipe Access, AWT will be able to deliver highly advanced and secure biometric card products that are also user-friendly. As a part of the agreement, AWT will be able to offer a flexible and secure premium security solution with biometric access cards with Zwipe.
According to Per Lindstrand, CEO of AWT, “In today’s highly secure working environment, having modern capabilities or access to newer door technologies is critical. The biometric solution provided by Zwipe combines breakthrough technologies and is the ideal platform for the next generation of highly secure access and ID cards.”
“We are happy to partner with AWT, a leading advanced security solution provider. 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 globally,” says Robert Puskaric, President and CEO of Zwipe.
About AWT
Access World Technic (AWT), founded in 1993, is a high-quality security company focused on centralized premium security solutions that use access control, video surveillance and intrusion detection to secure, protect and monitor facilities such as offices, data centers, warehouses and other large production facilities.
For more information, visit www.awt.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
