OSLO, NORWAY – 7 MAY 2020 –
Q1 2020 Highlights
Developments after the period
CEO Comment
André Løvestam, Chief Executive Officer at Zwipe, said:
“Q1 2020 has been an intense quarter for Zwipe.
We started the year by listing on the Nasdaq First North Growth Market on January 28th, and have seen considerable interest in Zwipe across the Swedish investment community.
This quarter has also been marked by unprecedented global uncertainty tied to the ongoing Covid-19 pandemic. With the aim to protect our employees from the ongoing COVID-19 pandemic, Zwipe quickly adapted with various protective measures such as remote work and travel bans. We have been able to continue operating remotely, with little to no impact being seen across our operations. Our commercial team has ramped up activity and been able to engage more frequently and openly as a result of the entire industry transitioning to videoconferencing as opposed to travel-intensive face-to-face meetings.
We observe an extensive focus on and interest in the improved hygiene and safety of biometric payment solutions; the awareness of biometric advantages is significantly higher than pre-Corona. This elevated focus on safety has significantly increased the growth of contactless transactions, and transaction caps have been raised all over the world1. Hygiene may become an accelerator and game-changer for biometric payments. A biometric payment card effectively eliminates the need to ever touch the payment terminal keypad – regular cards require PIN above the transaction limit, after a set number of transactions, and when the cumulative value of transactions has reached its limit.
We are seeing growing momentum across the payment ecosystem with increasing investment in supporting biometric payment card deployment. Zwipe is now working closely with partners across the value chain in developing a highly competitive offering in terms of energy efficiency and biometric performance at industry-leading manufacturing costs; Zwipe Pay ONE. This next generation contactless technology will achieve a radically lower total manufacturing cost per card, which we believe will be key to accelerate the volume market take-off. Therefore, we are proud and satisfied that the Zwipe Pay ONE project and the collaboration with Idemia and Idex is on track, as announced in April. The first samples of the new single chip have been manufactured and successfully powered-on. This development is very positive as our customers wish to get access to Zwipe Pay ONE as early as possible to be able to serve card issuers with the market’s most cost-effective biometric payment cards.
Recent certification industry announcements bring further confidence to the trajectory of biometric payment card rollout. Certification of payment products is a rigorous and capital-intensive process for card manufacturers and a strong signal of intent to capitalize on the next natural step for payment cards, following the introduction of dual-interface payment cards in 2007.
I am also satisfied with the very good progress in the wearable project announced with G+D in September, as this project is also on track.
Looking ahead, we are committed to supporting our customers to elevate their product portfolios by making it easy to integrate biometric payment solutions. Key to this work is technical deliverables and sharing the expertise we have built from having the most widely piloted solution to position, educate and market biometric payment cards to banks and issuers. We are doing everything in our power to build and maintain strong relationships with our industry-leading partners that will create sustainable long-term commercial opportunities for themselves and Zwipe going forward.”
Financial Update
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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 Oslo Børs Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on May 7, 2020 at 08:30 CEST
OSLO, NORWAY – 28 APRIL 2020 – Biometric fintech company Zwipe is pleased to announce that Asia Credit Card Production Ltd. (ACC), a specialist smart card manufacturer based in Hong Kong, has chosen to partner with Zwipe in order to offer and roll out a range of biometric payment specific products and services including cards, wearables, enrolment and customer onboarding solutions.
ACC has an extensive smart card product portfolio with a large client base in a wide range of industries worldwide. ACC has begun integrating Zwipe’s biometric inlay platform into their smart card production facility in order to prepare for the launch of Zwipe Pay ONE when it becomes available later this year.
“We strongly believe that biometric payment cards are the future and there is a strong market for payment cards in the fast-moving Asia Pacific region even in the face of surging smartphone use. Working now to integrate Zwipe’s technology, we are confident that we will have a truly disruptive offering that will enable us to significantly grow our banking customer base in the region and beyond,” said Gary Li, Managing Director of Asia Credit Card Production Ltd.
As an essential manufacturer in the heart of APAC, ACC is now working at full capacity. On the back of their commitment to issuing biometric payment cards this year, the company is in the process of completing the application process for full card scheme certification to expand its portfolio of offerings to leading issuers across the region.
“We continue to build our global portfolio of customer relationships, which will be instrumental in the roll-out of future products. The partnership with ACC will further broaden our access to the Asian markets,” said André Løvestam, CEO of Zwipe.
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About Asia Credit Card Production LTD
ACC is a leading professional RFID card and smart card manufacturer. Headquartered in Hong Kong and production plant in Shenzhen, China. With over 20 years of experience in card industry, ACC is offering top quality products and services compliant to industry standards and customer requirements. We continuously strengthen partnerships with our strategic alliances and industry leaders to fulfill our commitment to the industry.
For more information contact: James Duran, +852 2389 3393 james@asia-cc.com.hk
OSLO, NORWAY– 23 APRIL 2020 – The Nomination Committee of Zwipe AS has proposed the nomination of two leading payment and technology professionals to its board of directors to be voted upon at its upcoming Annual General Meeting to be held virtually on 14 May 2020.
Mr. Diderik Schonheyder is a recognized authority on payment products, services and systems development with more than 35 years’ experience as an executive, advisor and investor in the information technology and telecommunications industry. He previously served in global roles at Visa International and MasterCard, and currently operates a consultancy company focused on payment ecosystems.
Mr. Pål Eivind Vegard is a seasoned entrepreneur, investor, and board member who has been active for over three decades in the telecommunications and software industries in Europe. He established Tele1 Europe in Norway in 1998 before going on to fund several companies. Through his investment company, Concito, he was one of the early backers of Zwipe and he served on Zwipe’s board from 2011 to 2016. He was also an early investor and chairman of the board in Onecall, today a successful mobile brand owned by Telia.
In addition to Diderik Schonheyder and Pål Eivind Vegard, the Nomination Committee proposes that Dorian Barak, Johan Biehl, Dennis Jones and Jörgen Lantto (Chairman) are re-elected as Directors of the Board.
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OSLO, NORWAY– 22 April 2020 – Biometric fintech company Zwipe is pleased to announce that it has signed an agreement with Toppan Forms Card Technologies Limited, the strongest local card manufacturer in the Hong Kong and Macau region, to collaborate on the product positioning, development and commercialization of biometric payment cards.
Toppan Forms Card Technologies Limited has an extensive customer network with the large banks in Hong Kong and Macau, offering a wide range of data management and card solutions. The company is an authorized VISA, MasterCard, China UnionPay, JCB and AMEX card manufacturer in Hong Kong. Using the strengths it has obtained in the data management area, the company is working to create new value as a digital hybrid company that is able to provide products and services with security elements.
“Biometric payment cards can be a lucrative product for us considering the types of banks we have as customers, with many high net worth clients. We are eager to integrate Zwipe’s technology including Zwipe Pay ONE, providing a premium status product which strengthens the contactless payment experience enabling more secure and convenient options for cardholders thanks to its enhanced biometric features,” said Mr. Joseph Hui, Deputy Managing Director of Toppan Forms Card Technologies Limited.
“Our collaboration with Toppan Forms Card Technologies Limited is another important step for Zwipe as we prepare to roll out our Zwipe Pay ONE platform. Working with strong local players connected to leading issuers in their markets will be instrumental in enabling the scaling of our offering going forward,” said André Løvestam, CEO of Zwipe.
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About Toppan Forms Card Technologies Limited.
Toppan Forms (Hong Kong) Group founded Toppan Forms Card Technologies Limited (TFCT) in 1982 as its first step of diversification in becoming a trusted total service provider. We provide a variety of card solutions, card issuance systems and services for the ever-expanding IT market. In light of our company mission to be an innovation frontier, the company enriches the integrated IT solutions offering in terms of Robotic Solutions, Access Control and e-Application. The company is working to create new value as a Digital Hybrid Company that is able to provide products and services from both the analog and digital aspects. To visit our website www.toppanforms.com
For more information, please contact us +852 2519 6388 contact@toppanforms.com
OSLO, NORWAY – 20 April 2020 – Zwipe, a leading biometric fintech company, and IDEX Biometrics, a leading provider of fingerprint identification technologies, announce that they have signed an agreement that will see Zwipe combining IDEX Biometrics sensor products with the Zwipe Pay ONE platform to enable a complete system solution for biometric payment cards.
Zwipe Pay ONE is a technology platform based on a single-chip biometric secure element with operating system and relevant proprietary software. The result will be a compelling biometric payment card offering to card manufacturers in the global market.
The two companies also plan to formalize cross-licensing of intellectual property and a joint marketing approach as Zwipe Pay ONE with IDEX sensor becomes available for piloting.
“We are excited to work closely with Zwipe, a pioneer in the biometric payment card market. We believe the combination of Zwipe Pay ONE with IDEX next generation sensor has strong potential to become a market leading solution. IDEX is providing fingerprint sensors and technical expertise towards the shared goal of accelerating adoption of biometric payment cards,” said Vincent Graziani, CEO of IDEX Biometrics.
“IDEX Biometrics has developed a next-generation fingerprint sensor. We are ideally positioned to take a leading position in the biometric payments market, providing smart card manufacturers with a superior offering in terms of energy efficiency and biometric performance at industry-leading manufacturing costs", said André Løvestam, CEO of Zwipe.
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COURBEVOIE, FRANCE and OSLO, NORWAY– 08 April 2020 –
Following the exclusive partnership and distribution agreement signed between IDEMIA and ZWIPE, the two companies announce that first samples of the new chip have now arrived for further verification and qualification with the first power-on successfully executed. Therefore, the new platform will now progress to the next stages of developments and will be able to meet expected demand from card issuers with a first launch on the market as from second half 2020 followed by a mass production of biometric cards during 2021. IDEMIA and IDEX have signed an agreement by which IDEX will supply the card’s sensors for this next generation of biometric payment cards. This agreement deepens a long-standing collaboration between IDEMIA and IDEX to develop biometric payment cards including an IP licensing agreement signed in Oct 20193. By teaming up with ZWIPE and IDEX to offer a disruptive biometric payment card platform that will radically reduce biometric payment card costs, IDEMIA is driving the growth of the biometric cards market and enables an accelerated path to mass volumes, which will ultimately benefit the issuers and users of cards.
Amanda Gourbault, IDEMIA Executive Vice President Financial Institutions says: “This achievement of this key milestone demonstrates that our next F.CODE generation biometric card development is being executed according to plan allowing a pilot launch second half 2020. Together with our business partners we are showcasing our best-in-class expertise in designing and manufacturing biometric-based payment cards”.
André Løvestam, CEO of ZWIPE says: ”We are pleased to see this progress and we strongly believe that bringing forward the new platform together with IDEMIA will be a major catalyst in creating long term shareholder value and provide the technological leap needed to shape the future of the biometric payment card market and to drive commercial success for ZWIPE. The progress up until now has further strengthened our conviction that this project will meet not only the time schedule, but also the targeted unit cost reductions on biometric payment cards.”
Vince Graziani, CEO of IDEX commented: “We are proud to have been selected by IDEMIA and look forward to continue collaboration with this leader in authentication solutions, and to initiate collaboration with ZWIPE to bring biometric payment cards to the mass market. This award by one of the world’s largest card manufacturers is a validation of our off-chip product design that enables high performance at a disruptive cost point.”
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2: manufacturers of payment cards, wearables and other payment solutions, and their suppliers.
OSLO, NORWAY – 25 March 2020 – Biometric technology company Zwipe is pleased to announce that it has been selected by Masria Digital Payments (MDP), one of the largest smart card manufacturers and digital payments providers in the Middle East and Africa to deliver biometric payments solutions to enhance MDP’s innovation product portfolio.
Zwipe will support MDP in integrating and rolling out biometric payment cards and eventually biometric enabled wearable devices to a region that has expressed significant interest in the technology.
“To continue MDP’s long tradition of technology leadership, we are integrating Zwipe’s current biometric payment platform now to educate the market and get prepared for Zwipe Pay ONE. We are confident that, when that becomes available, we will have banks across the region ready to take the next natural step in payment cards with us”, says Ahmed Nafie, EVP of MDP.
The Middle East and North Africa is seeing great interest in biometric payment solutions, especially biometric payment cards.
“Zwipe is thrilled to win a new strategic customer wanting to pilot our current product platform to pave the way for early deployment of our future offering, Zwipe Pay ONE. Working together we can unlock many opportunities in a part of the world that is proving to be a first mover when it comes to biometric payments” says André Løvestam, CEO of Zwipe.
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About MDP
Masria Digital Payments (previously Masria Card S.A.E) is Africa's leading smart card solutions provider with a regional presence spanning 35 countries and 3 continents. Building on its vast sector experience, MDP has consistently introduced the latest technology in cards, payment security and smart applications to the Middle East and African markets. MDP also provides its partners with a complete card offering ranging from card production, personalization, issuance and fulfilment as a service or as a solution. MDP is the only end to end fully certified African payments solutions provider to offer a full card services, solutions, processing and digital payment suites to clients in the financial, government and retail sector under one roof.
For more information, please visit www.mdp-eg.com/
OSLO, NORWAY - 18 March 2020 - Zwipe’s CEO André Løvestam presented Zwipe at a RedEye Investor event in Sweden on 12 March 2020 where he addressed the ongoing global Covid-19 situation and its impact on the company’s operations: “To address the escalating situation regarding the Corona virus, it is important to acknowledge the global impact it is having. However, we want to stress that Zwipe carries on. We are a lean global team committed to our targets and, as we have done before, we are adapting quickly and effectively to the changing environment we operate in. Projects are ongoing, we have suspended travel, we are doing more video conferencing and ultimately continuing to do business as best we can in the face of this new adversity.”
The Zwipe team spans across Europe, the United States and Asia with more than 25% working permanently from home offices. The company has moved quickly to enact travel bans and new working standards enabling our staff to work from home offices as of 13 March 2020.
Commenting on the company and its plan to work through the current global situation, André Løvestam said “we are committed to the safety and security of our team members and their families and we are monitoring the situation closely. Some of our partners in China and Europe have been impacted, however, most of our ongoing efforts are not impeded by the current situation and we are confident that we will be able to weather the current downturn and look forward to share progress as we go forward.”
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OSLO, NORWAY – 28 February 2020 – Zwipe AS today publishes its half-year financial report for 2H 2019.
The report does not contain inside information. Zwipe’s audited Annual Report 2019 was released on 26 February 2020.
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OSLO NORWAY and CALIFORNIA, USA – 28 March 2023 – CardLogix, a global supplier of smart cards for authentication, encryption, biometric and other card operating systems has partnered with biometric cards pioneer Zwipe as its technology partner in pursuing the global market opportunities for biometric access cards.
With the disruptive Zwipe Access platform, CardLogix will be able to deliver highly advanced and secure biometric card products that are also exceedingly user-friendly.
According to Sebastien Goulet, CEO of CardLogix, “We are excited about the opportunity that this innovative technology represents. The biometric solution provided by Zwipe combines breakthrough technologies and is the ideal platform for the next generation of highly secure access, ID cards and CardLogix biometric solutions.”
According to the partnership, CardLogix will provide secure loading of smart credentials for Zwipe’s BSoC access cards.
“We are happy that Zwipe is a part of this collaboration. What adds significance to this partnership is the value that CardLogix will deliver to our US customers and the availability for them of our leading-edge biometric access cards. We look forward to strengthening this relationship for supplying biometrics-enabled cards to our integration partners for access control solutions and their customers in airport, data center, critical infrastructure and other secure facilities across North America.” says Robert Puskaric, President and CEO of Zwipe.
About CardLogix
CardLogix, based in Rancho Santa Margarita, California, USA, is a smart card & biometric solution provider, software developer, and the premier provider of smart card components with a comprehensive line of Software Development Kits (SDK), tools that enable swift card or biometric project development. Since 1998, CardLogix has supplied millions of cards and card components to over 84 countries around the world. As an expert in smart card and chip technology, card operating systems, card software, biometric enrollment, validation, verification, development tools, and middleware, CardLogix has continuously been at the forefront of smart card and biometric technology offering all types of solutions.
Please send media inquiries at sales@cardlogix.com
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com
OSLO, NORWAY - 23 MARCH 2023 - Reference is made to the stock exchange announcements published by Zwipe AS (the "Company") on 21 March 2023 regarding the final result of the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue") and the subscriptions made by the primary insiders Robert Mueller on 9 March 2023 and Diderik Schonheyder on 10 March 2023, respectively.
Due to a miscalculation of the number of Offer Shares the subscription rights received in the Rights Issue entitled them to based on the 9:5 subscription ratio, the number of Offer Shares subscribed for in the Rights Issue was incorrectly reported for Robert Mueller and Diderik Schonheyder. The miscalculation was identified following receipt of their final allocation of Offer Shares in the Rights Issue.
Please see the attached notifications of trade correcting the notifications made on 9 March 2023 for Robert Mueller and on 10 March 2023 for Diderik Schonheyder.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") earlier today regarding the final results of the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share (the "Rights Issue").
Diderik Schonheyder, a board member of Zwipe AS, has today, on 21 March 2023, been allocated and thereby validly subscribed for the 10.945 Offer Shares he over-subscribed in the Rights Issue.
Please see the attached notification of trade for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue expired at 16:30 hours CET yesterday, on 20 March 2023.
The Company received subscriptions for a total of 14,308,313 Offer Shares, corresponding to 68.59% of the Offer Shares, during the subscription period for the Rights Issue.
The allocation of the Offer Shares in the Rights Issue has now been completed on the basis of the allocation criteria resolved by the extraordinary general meeting of the Company in connection with the approval of the Rights Issue, and as set out in the prospectus prepared for the Rights Issue dated 1 March 2023 (the "Prospectus").
The board of directors of the Company has allocated a total of 20,862,047 Offer Shares in the Rights Issue, of which 14,308,313 Offer Shares were allocated based on subscriptions received in the subscription period (which includes subscriptions made by the underwriters during the subscription period) and the remaining 6,553,734 Offer Shares were allocated to the underwriters for the Rights Issue.
Notifications of conditionally allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber not yet having paid for their subscriptions are expected to be distributed tomorrow, on 22 March 2023. Payment for the allocated Offer Shares falls due on 24 March 2023 in accordance with the payment procedures described in the Prospectus.
The Offer Shares may not be transferred or traded before all Offer Shares have been fully paid for and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Subject to timely payment of the entire subscription amount in the Rights Issue, the Company expects that the share capital increase pertaining to the Rights Issue will be registered with the Norwegian Register of Business Enterprises on or about 28 March 2023. Under the same conditions, allocated Offer Shares are expected to be delivered on or about 29 March 2023 through the facilities of VPS and on or about 31 March 2023 through the facilities of Euroclear. Trading in the Offer Shares on Euronext Growth Oslo is expected to commence on or about 28 March 2023 and on Nasdaq First North Growth Market on or about 31 March 2023.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out above, at 18:00 on 21 March 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 20 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue will expire today, on 20 March 2023, at 16:30 hours (CET).
Subscriptions for Offer Shares by subscribers with a VPS account must be made by submitting a correctly completed subscription form to DNB Bank ASA, Registrar's Department (the "VPS Registrar") at the following address: Dronning Eufemias gate 30, P.O. Box 1600 Sentrum, N-0021 Oslo, Norway, or by e-mail to: retail@dnb.no, by 16:30 hours (CET) today, 20 March 2023, or, in the case of online subscriptions, be registered through the VPS online subscription system within the same deadline.
Subscription rights that are not used to subscribe for Offer Shares by the end of the Subscription Period will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY and RIYADH, SAUDI ARABIA– 16 March 2023 – Unicard, a provider of secure solutions in the Kingdom of Saudi Arabia (KSA) and a subsidiary of Inkript, a digital security solutions provider in the Middle East and Africa, has partnered with Zwipe to deploy biometric payment cards in the MEA region. With this collaboration, Zwipe will strengthen its presence in one of the leading markets in the MEA region.
Unicard develops customized solutions in security printing and is a leading supplier of smartcards for the Saudi market.
Commenting on this major development of the growing and promising biometric payment card market, Riad Itani, Managing Director at Inkript Industries, said, “Our partnership with Zwipe is key in a growing market such as KSA. In the last few years, we have been witnessing an increase in digital payment usage in the Kingdom but security remains key to the growing adoption of innovative payment methods. Therefore, the demand for biometric payment cards has grown as Saudi consumers have shown an openness for new payments options. The government is also encouraging cashless transactions and promoting payment innovation with emphasis on fraud prevention.
"In fact, according to Global Data’s forecast, the Saudi Arabian payments market is expected to grow at a strong compound annual growth rate (CAGR) of 13.6% between 2022 and 2026 to reach $ 219.2 billion in 2026. We believe that the rapid evolution of the biometric payment card market is imminent in a country supported by a robust contactless payment infrastructure. As biometric authentication is reshaping payments, we are looking forward to working with Zwipe, to provide our clients in the Kingdom with the latest and most secure biometric payment technology”.
As part of this agreement, Zwipe will provide its VISA and Mastercard approved Zwipe Pay biometric payment card platform to Unicard to make biometric payment cards available in Saudi Arabia and the MEA region. Unicard will benefit from Zwipe’s biometric technology platform and expertise in biometric card manufacturing, personalization and fulfillment services.
According to Ramzi Saboury, General Manager for Zwipe in Middle East and Africa, “The Kingdom of Saudi Arabia is a key market for Zwipe, with a high potential for biometric payment cards. We are therefore very pleased with this new partnership with Unicard. Our clients will benefit from getting our partner biometric cards based on the most advanced and certified Zwipe Pay solution.”
About Unicard
Unicard was established in 2004 in Dammam, KSA, and was acquired in 2012 by Inkript, an established digital security solutions provider in the Middle East and Africa. Unicard is a secure solutions provider supporting governments, telecom operators, financial institutions and large corporations, and mainly caters to the Saudi market with a constant expansion throughout the region. The company is specialized in smartcard production and security printing, and complies with ISO standard (ISO 7811) in cards manufacturing.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering next-generation biometric card technology for both payment and physical & logical access control and ID solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway with a global presence. To learn more, please visit www.zwipe.com
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 14 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company" or "Zwipe") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The trading period in the subscription rights in the Rights Issue on Euronext Growth Oslo (ticker code "ZWIPT") and on Nasdaq First North Growth Market (ticker code "ZWIPE TR") expires at close of trading today, 14 March 2023, on Euronext Growth Oslo at 16:30 hours (CET) and on Nasdaq First North Growth Market at 17:30 hours (CET), respectively.
The subscription period for the Rights Issue expires at 16:30 hours (CET) on 20 March 2023.
Subscription rights that are not sold before close of trading today, 14 March 2023, or used to subscribe for Offer Shares in the Rights Issue before the expiry of the subscription period on 20 March 2023 at 16:30 hours (CET), will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY – 10 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares to which the number of subscription rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 9 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares to which the number of subscription rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
