OSLO, NORWAY – 13 September 2022 – The share capital increase of 10,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 29 August 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,755,168.50, and the new number of shares and votes is 37,551,685.
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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 14:15 on 13 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
OSLO, NORWAY – 8 September 2022 – The share capital increase of 25,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 27 June 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,754,168.50, and the new number of shares and votes is 37,541,685.
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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, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 07:00 on 8 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
OSLO, NORWAY – 25 August 2022 – Zwipe AS, a leading provider of biometric payment card solutions, is proud to announce that it has obtained the Component Conformity Statement (“CCS”) certificate from Mastercard for the Zwipe Pay platform, the most advanced and integrated biometric card solution available to all Smart Card Manufacturers (“SCMs”) in the market today.
This CCS certificate enables Zwipe’s customers, the SCMs, to leverage Zwipe’s certification results to obtain a Letter of Approval ( “LoA”) from Mastercard for their own biometric payment cards built on the Zwipe Pay platform.
Zwipe successfully passed all tests required to obtain the Mastercard CCS certificate. This certification confirms that the Zwipe Pay biometric payment card platform meets all the security, reliability, functionality, and performance standards required by Mastercard. Zwipe’s complete end-to-end biometric payment card platform is now ready for full adoption by SCMs to produce Mastercard cards.
Issuers can now work with their SCMs to develop and launch biometric payment cards based on Zwipe Pay, and leverage Mastercard’s global network to deliver Mastercard biometric payment cards throughout the world. Issuers will have the opportunity to create differentiation, accelerate customer acquisition, uplift loyalty and create new revenue streams. Consumers will benefit from more convenient, safe, and secure ways to pay.
“Having the Zwipe Pay platform certified by Mastercard is a significant milestone and major step forward for Zwipe and our customers. This development will further accelerate issuer pilots and planned launches based on Mastercard’s network. The pathway is now open for Smart Card Manufacturers and issuers all over the world to certify, produce and deploy Mastercard biometric cards based on Zwipe Pay,” said Robert Puskaric, CEO of 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, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 11.15 on 25 August 2022.
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:
+47 909 98 201
danielle@zwipe.com
This CCS certificate enables Zwipe’s customers, the SCMs, to leverage Zwipe’s certification results to obtain a Letter of Approval ( “LoA”) from Mastercard for their own biometric payment cards built on the Zwipe Pay platform.
Zwipe successfully passed all tests required to obtain the Mastercard CCS certificate. This certification confirms that the Zwipe Pay biometric payment card platform meets all the security, reliability, functionality, and performance standards required by Mastercard. Zwipe’s complete end-to-end biometric payment card platform is now ready for full adoption by SCMs to produce Mastercard cards.
Issuers can now work with their SCMs to develop and launch biometric payment cards based on Zwipe Pay, and leverage Mastercard’s global network to deliver Mastercard biometric payment cards throughout the world. Issuers will have the opportunity to create differentiation, accelerate customer acquisition, uplift loyalty and create new revenue streams.
Consumers will benefit from more convenient, safe, and secure ways to pay.
“Having the Zwipe Pay platform certified by Mastercard is a significant milestone and major step forward for Zwipe and our customers. This development will further accelerate issuer pilots and planned launches based on Mastercard’s network. The pathway is now open for Smart Card Manufacturers and issuers all over the world to certify, produce and deploy Mastercard biometric cards based on Zwipe Pay,” said Robert Puskaric, CEO of 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, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 11.15 on 25 August 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
OSLO, NORWAY – 24 August 2022 – KAD Group AS, a company 100% owned by the CFO of Zwipe AS, Danielle Glenn, has today acquired 12,000 shares in Zwipe AS. After this transaction, KAD Group AS holds 12,000 shares in Zwipe AS.
The shares were acquired on Euronext Growth Oslo at a price of 8.30.
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, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 on 27 June 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
OSLO, NORWAY – 23 August 2022 – Zwipe AS ("Zwipe" or "the company") today announces its results for the first half 2022.
Operational highlights
Financial highlights
Review
In H1 2022, we signed seven new issuers for Zwipe Pay, from Germany to India and across the Middle East. All of them are planning pilots with our card manufacturing partners, although we have learned that pilot preparation is taking longer than previously expected. We also expanded our global delivery capabilities and market reach by signing one major SCM and onboarding two leading personalization solution providers as go-to-market (“GTM”) partners.
Zwipe is pursuing an “execution first” approach focusing on launching announced pilots. In total, seven issuer pilots are progressing with good pace and according to issuer plans. Additional pilot launches are expected in the coming quarters, with launch dates entirely dependent on issuer decisions. We are also focused on “execution first” with our SCM customers – getting all certified and ready for mass volume production. While these remain our top priorities, Zwipe continues expanding our customer and issuer pipeline – critical to our medium-term success.
In March, Zwipe completed the certification process with Visa and obtained the Visa LoA. This certification marks a major milestone towards commercialization of Zwipe Pay and was followed by Visa LoAs obtained by lead customers BCC, TAG Systems and Inkript. This list is expected to grow significantly going forward. Zwipe has successfully completed additional testing with third party laboratories that should ease additional payment scheme certifications.
It is undeniable that market takeoff of biometric payment cards has been slower than envisioned. BPC volumes deployed are expected to remain fairly low into 2023, before growing exponentially thereafter. Zwipe is not immune to the delayed market takeoff, but our customers and partners remain committed to launching pilots and commercial propositions, even if somewhat later than originally planned. Furthermore, consumer demand for BPCs remains strong with 82% of individuals surveyed by Zwipe saying that they want their next card to be biometric and 60% saying they would consider switching to banks who offer biometric cards. Importantly, most third-party research continues to point to BPCs accounting for 15-20% of total EMV units shipped by 2030 (estimated at 3-4 billion units), highlighting just how large the market potential remains.
For Zwipe Access, we now have a healthy and growing list of opportunities within the data center and airport verticals as well as other security sensitive customer segments. The growing number of requests for Zwipe Access solutions is driven by increasing demand for stronger data privacy, higher security and better user experience. Indeed, Zwipe was recognized by Fraport, operating 31 international airports globally, as a potential provider for next generation security solutions at their airports. Fraport’s initial trials have now been completed and they are evaluating possible next steps.
There were substantial changes in the executive management team at Zwipe during the first half, with three of the six-member C-suite newly joining the company – strengthening leadership, bringing industry expertise and positioning Zwipe well for the future.
Financial review
Zwipe reported total revenues of 0.8 mNOK during H1 2022 versus 1.4 mNOK in H1 2021. On an adjusted basis, total operating expenses increased by 13.3 mNOK to 48.4 mNOK in H1 2022 versus H1 2021. The majority of this increase was due to personnel expenses, which increased by 9.1 mNOK to 25.9 mNOK in H1 2022 versus H1 2021. Of the 9.1 mNOK, 5.5 mNOK were one-off costs related to former executives leaving the company. The remaining increase in personnel expense is largely due to an increase in headcount by 13 people to meet the strong demand for the company’s solutions and to prepare for piloting and deployment of our card payment solutions and services.
Zwipe’s cash position remains strong, with cash and cash equivalents at 109.7 mNOK on 30 June 2022.
Total equity as of 30 June 2022 was 108.8 mNOK resulting in an equity ratio of 89%, roughly stable versus the position at the end of the first half of 2021.
The way forward
Zwipe is progressing well in many important areas even if the market for biometric payment cards is developing at a slower pace than expected. Operating expenses and headcount are not expected to increase substantially in H2 vs H1 2022 nor at the pace expected at the start of the year. Zwipe will, however, continue to invest intelligently – particularly in its people and technology.
For Zwipe Pay, second half priorities will center on pilot deployment with issuers, assisting SCMs in becoming mass production and delivery ready, and continuing to expand our customer and issuer pipeline. Further developing the dedicated customer project management function and standardized blueprint to improve pilot execution will be a key focus during H2 2022.
Going forward, Zwipe Access is expected to contribute a larger part of revenue than previously assumed. The pipeline for Zwipe Access is healthy and growing with prospects within the data center and airport verticals as well as other security sensitive customer segments.
Results presentation
CEO Robert Puskaric and CFO Danielle Glenn will present the H1 2022 results by webcast tomorrow, Wednesday August 24th, at 09:00 CEST.
Webcast details
Format: Webcast, Conference Call and Q&A
Language: English
Link: https://q4-emea.wavecast.io/zwipe-as/h1-2022-operational-update
Dial-in numbers:
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 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, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 on 27 June 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:
+47 909 98 201
danielle@zwipe.com
Webcast details
Date: 24 August 2022
Time: 09:00 CEST
Format: Webcast, Conference Call and Q&A
Language: English
Link: https://q4-emea.wavecast.io/zwipe-as/h1-2022-operational-update
Participants will be required to register to view the webcast and participate in the Q&A
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, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 on 27 June 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
OSLO, NORWAY – 27 June 2022 – The board of directors of Zwipe AS ("Zwipe" or the "Company") has today resolved an increase in the share capital of the Company in the amount of NOK 2,500 through the issuance of 25,000 new shares in the Company, each at a strike price of NOK 10.00. The new shares were issued under the Company's stock option incentive program.
Primary insider Eric Mercer, COO of Zwipe AS, exercised 20,000 stock options. After completion of the transaction, Eric Mercer will hold 25,500 shares and 200,000 stock options in the Company. The remaining 5,000 stock options were exercised by an employee of the Company not being a primary insider.
All the exercised options have been granted in accordance with the Company's stock option incentive program described in the Company's latest annual financial statement.
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the primary insider transaction listed above.
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, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 CEST on 27 June 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
Dear Customers, Zwipers and Partners,
22 June 2022:
I am delighted to begin this new journey as the CEO of Zwipe. Since day one, I have felt thoroughly welcomed and enjoyed the energy, engagement and competencies that we have in the team.
I would like to start by saying a big thanks to all Zwipers for working tirelessly and to André Løvestam for having been such a strong ambassador of next generation biometric cards for many years.
More card manufacturers, payment processors, banks and enterprises than ever before are today committed to launch their next generation card programs with Zwipe. My sincere thanks to our customers and partners for their continued confidence in our platform. Throughout H1 2022, we continued to grow our customer and partner base at a strong pace.
We also strengthened our organization by welcoming Patrice Meilland as Chief Strategy & Product Officer and Danielle Glenn as CFO & Head of IR. Patrice joins from his position as the SVP of Advanced Cards in Idemia. Danielle brings substantial financial markets experience from the likes of Goldman Sachs and her most recent role as the CFO of Arctic Bioscience. With a strong focus on ensuring deliveries and successful launches, we have also strengthened our engineering teams.
Throughout H1 2022, we continued to investigate consumers’ payment preferences and their feedback on biometric payment cards. From Austria to Australia, Italy to Taiwan, Malaysia to The Netherlands and Germany, consumers’ interest in biometric payment cards remained consistent and very strong. This is encouraging, not just for Zwipe but for all our customers, partners and industry peers who just like Zwipe are on a mission to deliver the next generation payment and access control experience worldwide.
I now look forward leading Zwipe and together as a team delivering measurable value to our customers, partners and shareholders.
Wishing you all a happy and safe summer!
Robert Puskaric
President and CEO of Zwipe
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
For further information please contact Robert Puskaric, President and CEO, +46 70 519 34 07 info@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
