OSLO, NORWAY– 11 May 2023 – The Annual General Meeting (AGM) of Zwipe AS was held Thursday 11 May 2023 at 10:00 (CEST). All the items on the agenda were addressed and approved. Attached are the minutes of the Annual General Meeting. The attendants of the AGM represented 25.99% of the votes in the company.
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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.
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 16:00 on 11 May 2023.
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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 16:00 on 11 May 2023.
For more information, please contact
Danielle Glenn
CFO and Head of IR, Zwipe AS
E-mail: ir@zwipe.com
OSLO, NORWAY – 25 April 2023 – During the first quarter, Zwipe continued to see positive interest in bringing biometric payment and access control cards to markets globally.
Significant events during the period
Significant events after the period
Operational review
The most significant event in Q1 2023 was the successful completion of the rights issue, with Zwipe securing approximately 100 mNOK in new capital that will be used to accelerate go-to-market strategy and commercialization of Zwipe Pay and Zwipe Access solutions.
The first quarter saw Zwipe continue to expand our pipeline of SCMs and go-to-market partners by signing Wahyukartu in Indonesia, Unicard in Saudi Arabia, Antworks Money in India, and TBHP in Vietnam – all representing expanded geographic potential for Zwipe in bringing biometric payment cards to new markets. The company also continued to make progress carrying out pilot projects in the active execution phase. Some issuers are now communicating to Zwipe’s SCM customers that they will move directly to soft launch rather than undertaking pilot projects, something which should see more immediate revenue results for Zwipe. On the technology side, mobile enrolment solutions for Android and iOS were released on Apple’s AppStore and Google Play and Zwipe also released our Software Development Toolkit (SDK) for customers and partners.
While Zwipe continues to see strong interest in BPCs and the use case remains convincing, the pace of pilot launches and market adoption continues to be slower than Zwipe or other players in the market expected. That said, Zwipe remains convinced that the material benefits of BPCs remain clear for all and that market adoption will happen soon.
While progress with Zwipe Pay has been slower than desired, the first quarter saw tangible progress and excitement for Zwipe Access. Our North American partner Civix launched a Proof-of-Concept (“POC”) project at Richmond International Airport, carried out in conjunction with National Safe Skies Alliance, Inc. Also in North America, Zwipe signed a significant partnership agreement with CardLogix, a smart card provider that already provides access control solutions to our target end customers and is now adding Zwipe’s biometric solution to their portfolio. The company attended ISC West in March and came away from the event with 20+ qualified leads and potential partners, ranging from system integrators to security engineering companies to direct end customers. The first quarter also saw Zwipe make significant progress with Swedish and broader Nordic partners, aiming to reach Nordic enterprises with high security needs.
The above developments in the USA and Nordics translate into 15+ access control proof of concept projects targeted to be executed in the coming months at end-user sites. While it is too early to estimate immediate revenue potential from these engagements, Zwipe believes the bigger picture revenue potential is substantial.
Commercial priorities for 2023 remain unchanged, but the company has substantially reduced our planned expenditures for 2023. This should prolong funding towards the commercial inflection point and keep the average net monthly burn rate lower than 2022.
Financial review
Zwipe reported total revenue of 1.7 mNOK during Q1 2023 compared to revenue of 0.6 mNOK in Q1 2022. After adjusting for transaction costs related to fundraising, cash flow from operations was –24.7 mNOK versus –25.4 mNOK in Q1 2022, equating to an underlying average monthly operating cash flow in Q1 2023 of –8.2 mNOK versus –8.5 mNOK in the same period last year. With the successful completion of the rights issue, cash and cash equivalents stood at 121.9 mNOK at the end Q1 2023 compared to 130.6 mNOK at the end of Q1 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, Tuesday April 25th, at 10:00 CET.
Audiocast details
Date: 25 April 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/OEXe514K1L4
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This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 on 25 April 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
ir@zwipe.com
OSLO, NORWAY - 24 April 2023 - The Board of Directors of Zwipe AS (the "Company") call for the Annual General Meeting ("AGM") to be held on 11 May 2023 at 10:00 CEST. The general meeting will be held as a digital meeting on Microsoft Teams.
Please find enclosed the notice of the AGM. The notice and Zwipe's Annual Report for 2022 are available on the Company's website, https://zwipe.com/investors.
Shareholders who wish to attend the AGM in person or by proxy or vote in advance are encouraged to register this electronically by following the link on the Company’s website https://zwipe.com/investors/general-meetings, via VPS Investor Services, by sending a signed version of the form attached to the notice by e-mail to genf@dnb.no, or by ordinary mail to: DNB Bank ASA, Registrars Department, Postboks 1600 Sentrum, NO-0021 Oslo. Notification of attendance, proxy or advance votes must be registered online or received by DNB Bank ASA, Registrars Department by 16:00 hours CEST on 10 May 2023.
In order to be invited to the meeting, Zwipe's administration will need to have the shareholder's email address in advance. Shareholders must after having registered their attendance also register their email address by sending an email to ir@zwipe.com prior to 16:00 hours CEST on 10 May 2023.
The Board of Directors (the "Board") has proposed the following agenda:
1. Opening of the annual general meeting by the chair. Registration of meeting shareholders
2. Election of a meeting chairperson and person to co-sign the minutes together with the chairperson
3. Approval of the notice and the agenda
4. Report by the management on the Company
5. Approval of the annual report and financial statements for 2022 for the Company and the group
6. Remuneration to the auditor
7. Election of members to the Board
8. Remuneration to the Board and the members of the nomination committee
9. Proposal on implementing a new incentive program towards the Company's employees and key personnel
10. Proposals on authorizations to the Board on capital increase
Proposed decisions from the Board
Matter no. 5: Approval of the annual report and financial statements for 2022 for the Company and the Group
The Board proposes that the annual report and financial statements for 2022 for the Company and the Group are approved.
Matter no. 6: Remuneration to the auditor
The Board proposes that the auditor's fees are paid as per accounts rendered.
Matter no. 7: Election of members to the Board
Subject to the AGM's approval, the Board for the period from the AGM in 2023 until the AGM in 2025 will comprise:
Mini-CVs for Christina Örn and David Chew have been included in the report from the Nomination Committee.
Matter no. 8: Remuneration to the members of the Board and the members of the Nomination Committee
The Nomination Committee makes the following recommendation:
Fees to the Board for the period from the AGM in 2022 until the AGM in 2022 were resolved by the AGM on 23 May 2022.
Fees to the Board for the period from the AGM in 2023 until the AGM in 2024 is suggested as follows:
As to remuneration, the Nomination Committee proposes that no remuneration is paid to the members of the Nomination Committee.
Matter no. 9: Proposal on implementing a new incentive program towards the Company's employees and key personnel
The Company's compensation committee has in cooperation with specialists on incentive programmes in the Swedish company Novare Pay Consulting assessed the various aspects of the current SIP program, including the taxation of the options. Based on its assessments and input from Novare, the Compensation Committee has presented a new proposal for a long-term incentive scheme directed towards the Company's leading employees and other key personnel in the form of so-called restricted share units ("RSUs").
The main rationale behind the proposal of the RSU plan is to create a long-term ownership, being expected to stimulate an increased interest in the business and performance development. The Board believes that it is in the interests of all shareholders that executive personnel and other key employees who are important for the Company's development, have a long-term interest in a positive development of the Company's share price.
The vesting period for the RSUs is four years from award. RSUs will only vest if the average annual total shareholder return during the vesting period exceeds 10%. Vested RSUs will be settled in shares at vesting, where one RSU gives the right to one share. The Company will be entitled to settle vested RSUs in each instance with a cash settlement. The Board proposes that a maximum of 1,076,230 RSUs may be granted to participants in the RSU plan, which corresponds to a maximum dilution of approximately 1.8% percent of outstanding shares in the Company.
Based on the assumptions that all RSUs under RSU plan are granted and vested, a share price of NOK 10.4 at the time of settlement of the RSUs and an average percentage for social security contributions of 20%, the total costs for the program including social security contributions, is expected to amount to approximately NOK 6.3 million whereof NOK 2.2 million refers to social security contributions.
The RSU plan is suggested to replace the current option plan. Following resolution to adopt the RSU plan, no more options will be granted to employees. However, already granted stock options may be exercised.
Matter no. 10: Proposal on authorizations to the Board on capital increase
The Board proposes that two new authorizations for the Board on capital increases are issued, (i) to fulfil the Company's incentive programs and (ii) to strengthen the Company's equity.
The Board proposes that the AGM adopts the following resolution:
1. Authorization for capital increase to fulfill the Company's incentive programs
The Board is hereby granted authorization to increase the share capital of the company on one or several occasions, with up to NOK 293,038.80 (2 930 388 new shares), equivalent to approximately 5.0% of the registered share capital at the time of this resolution.
2. Authorization for capital increase to strengthen the Company's equity
The Board proposes that the AGM renews the authorization to the Board to issue shares corresponding to up to 15% of the share capital, and the new authorization shall be restricted to issue shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.
The Board is hereby granted authorization to increase the share capital of Zwipe AS with up to NOK 876,206.00 (8,762,060 new shares) on one or several occasions. The authorization may be used to issue shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
Tel: +47 909 98 201 and e-mail: danielle@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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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 19:00 CEST on 24 April 2023.
OSLO, NORWAY – 24 April 2023 – Zwipe AS will publish its Q1 2023 operational update report on 25 April 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: 25 April 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/OEXe514K1L4
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
ir@zwipe.com
OSLO, NORWAY – 14 April 2023 - Zwipe AS (“Zwipe” or “the Company”) has decided to change the date of its Annual General Meeting (“AGM”). The company has previously communicated that its 2023 AGM would be held on 27 April 2023. The AGM will instead be held on 11 May 2023.
Zwipe has planned for its 2023 AGM to be held on 27 April 2023 and has, in accordance with applicable regulations, communicated this planned date to the public. One key preparation for the AGM of a listed Norwegian company is for the Nomination Committee to prepare a number of proposals for the AGM to consider and resolve upon. One such proposal relates to the appointment of board members. The Nomination Committee’s proposals are to be included in the notice to the AGM. Zwipe has been informed by its Nomination Committee that this work has not yet been concluded. Zwipe has decided to change the planned date of the AGM to allow the Nomination Committee to conclude its important work. The new planned date of the AGM is 11 May 2023. Notice and relevant information will be submitted in due course, as governed by the relevant regulations and by Zwipe’s Articles of Association.
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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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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 14:00 CET on 14 April 2023.
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For more information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY and HANOI, VIETNAM – 12 APRIL 2023 – TBHP Co Ltd., one of the largest bureau and service providers of cards in Vietnam, has partnered with Zwipe to launch biometric payment cards in Vietnam. With this partnership, Zwipe will provide commercialization support, expertise and technical guidance to help TBHP integrate biometric payment cards into its portfolio.
TBHP is a leading provider of barcode, magnetic and smart card applications and has provision of access control and security systems. The collaboration will allow both companies to develop and leverage the growing market opportunities in Vietnam for biometric on-card payment solutions.
Commenting on this partnership Hoang Nguyen Duc, CEO, TBHP said, “Over the past years, there has been a growing awareness of biometric payment cards in Vietnam. We are sure that this partnership will let issuers and consumers embrace biometric payment cards as they provide an excellent check-out experience with much higher security. Zwipe Pay will bring strong differentiation and value uplift to our card portfolio.”
Under this partnership, Zwipe Pay- based biometric cards will be delivered by Zwipe's partner TBHP in the region.
“The interest in adopting biometric payment cards is growing steadily in the APAC market. We are happy to partner with TBHP as we are confident that this alliance will further accelerate the deployment of biometric payment cards. With this partnership, Zwipe’s unique biometric payment card platform and enrolment solutions will be made available to banks and financial institutions in Vietnam, a dynamic and growing market for payments in Asia,” said Alex Chung, Vice President & General Manager for Asia Pacific, Zwipe.
About TBHP
TBHP Co Ltd. is a diversified 100% privately owned trading company with 20 years of experience supplying some of the biggest banks in Vietnam. Among the services and expertise, the company offers logistics management, technical consultancy, efficient and technologically superior equipment maintenance, training and technology transfer. By doing so TBHP enhances the intrinsic and extrinsic value of its product and services.
To learn more, please visit www.tbhp.vn
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 – 31 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 21 March 2023 regarding the final result 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, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The share capital increase pertaining to the Offer Shares has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The Company's new share capital is NOK 5,841,373.20 divided into 58,413,732 shares, each with a nominal value of NOK 0.10.
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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 above, at 10:00 CEST on 31 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.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 30 March 2023 – Zwipe AS ("Zwipe" or "the company") has today released its Annual Report 2022, including the Board of Directors report and financial statements. The report and annual accounts were approved by the Board of Directors after the close of business on 29th of March 2023. The 2022 Annual Report is attached to this release and available at https://www.zwipe.com/investors/reports.
Significant events 2022
2022 operational review
In 2022, Zwipe achieved several significant milestones and entered an “execution first” strategic phase. The company finalized technological development of the Zwipe Pay product and received both Visa and Mastercard certification, becoming the first biometric payment card platform available for sale on the open market to be certified by both major payment schemes.
A primary focus for the company in 2022 was executing our signed issuer pilots, with seven issuer pilot projects in the execution phase. During the second half, we implemented software changes related to biometric performance in Zwipe Pay cards and also updated our internal test procedures. These changes resulted in a more robust product and enhanced payment transaction experience that is expected to lead to faster completion of ongoing pilot projects as well as a significantly faster pace of new project launches in the coming quarters – with streamlined execution and commercial launch in all areas.
2022 also saw the company establish Zwipe Access as a separate business line with substantial revenue potential. We completed an important pilot project for Fraport AG at Frankfurt International Airport, with Zwipe shortlisted as an access control solutions provider when Fraport moves forward with its commercial tender process in 2023. We further reinforced our strong position in the airport vertical when Civix, a leading US provider of airport security solutions, selected Zwipe’s access control technology to augment their airport security propositions. The partnership with Civix is representative of our go-to-market strategy in access control to work with system integrator partners and distributors to bring our solution to market rapidly.
2022 financial review
Zwipe reported total revenues of 3.9 mNOK during 2022 vs. 2.5 mNOK in 2021, reflecting an underlying increase in Zwipe Pay revenues of 72%. Total operating expenses were 108.1 mNOK in 2022 compared to 85.5 mNOK in 2021. After adjusting for one-off, non-recurring costs in 2022 and receipt of a government grant in 2021, operating expenses increased to 102.2 mNOK in 2022 from 92.6 mNOK in 2021. Adjusted EBITDA was -96.4 mNOK in 2022 compared to -81.7 mNOK in 2021.
Underlying net cash use in operating activities in 2022 averaged 9.0 mNOK per month, an increase of 41% from 2021. This was mainly due to higher personnel costs, but non-recurring charges also inflated the 2022 monthly average burn rate and are not expected to continue.
On 31 December 2022, cash and equivalents were 50.5 mNOK, down from 152.3 mNOK at the end of 2021. Total equity at the end of the year was 54.6 mNOK, while total liabilities were 13.0 mNOK. This resulted in an equity ratio of 81%, down slightly from 91% at end 2021.
On 22 November 2022, Zwipe announced a rights issue raising approximately 100 mNOK in capital, with the transaction now being completed. The rights issue was fully guaranteed through a combination of subscription commitments and underwriting commitments from the three largest shareholders in Zwipe. It was carried out in order to strengthen the company’s financial position and enable the transition from start-up to scale-up and achieve larger-scale commercialization. The fundraising will ensure the Group has sufficient working capital for the period covering at least 12 months from the date of close.
Conclusion and going forward
Zwipe ended the year on a positive note with sequential quarterly growth of 172% in Q4 revenue and the single largest commercial order in a quarter to date. There is reason to believe that the markets for Zwipe Pay and Zwipe Access are nearing an inflection point for increased commercial adoption of biometric technology solutions. Zwipe has good commercial traction, and expects more positive news flow in coming quarters. Our goals for 2023 include: executing the technology roadmap, completing the current R&D projects and maturing Zwipe technology to meet evolving demands; accelerating go-to-market for Zwipe's solutions to achieve large commercial scale; increasing our customer pipeline; supporting our SCM customers in becoming certified and mass production ready; executing more pilot projects in a streamlined manner; and continuing to invest intelligently in people and technology.
The aforementioned actions are expected to lead to positive business outcomes in 2023.
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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 30 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 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
ir@zwipe.com
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 – 9 March 2025
On March 6, 2025, Oslo District Court decided to declare the Company bankrupt upon application by Zwipe.
Zwipe AS (“Zwipe” or the “Company”), org.nr 994553607, is admitted to trading on the Nasdaq
Stockholm Aktiebolag (the “Exchange”) on the trading platform Nasdaq First North Growth Market. According to section 8.2.7 of the Nasdaq First North Growth Market Rulebook, the Exchange may decide to delist an issuer's financial instruments if the issuer has been declared bankrupt.
Against the above background, the Exchange has decided that the shares (ticker ZWIPE, ISIN code NO0010721277) and warrants (short name ZWIPE TO 2, ISIN code NO0013409763) in Zwipe shall be delisted from trading on Nasdaq First North Growth Market with immediate effect.
This stock exchange release was published by Hugo Petit, CFO, on 9 March 2025 at 21:30 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information 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.
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
Oslo, Norway – 17 February 2025
The Board of Directors of Zwipe AS has today decided to file for bankruptcy with the Oslo district court, “Tingsretten”. This decision follows a thorough review of the company’s financial situation and the determination that the company is no longer able to meet its obligations towards its creditors.
Despite extensive efforts to restructure operations and secure continued business activities, it has not been possible to achieve a financially sustainable solution. Further, as communicated on 14 February, the discussions held with third parties that were intended to secure continued operation have been unsuccessful. The Board therefore sees no alternative but to file for bankruptcy.
"It is with great regret that we are forced to make this decision today. We have done everything in our power to find alternative solutions to secure continued operations, but we have not succeeded. Our focus is now to ensure an orderly process for all affected parties," says Jörgen Lantto, chairman of Zwipe AS.
A bankruptcy trustee will be appointed by the district court and will be responsible for managing the further process, including handling the company’s assets and obligations.
This stock exchange release was published by Hugo Petit, CFO, on 17 February 2025 at 15.05 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe E-mail: ir@zwipe.com
This information is subject to the disclosure requirements in article 17 of the Regulation (EU) 596/2014 (the Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se.
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:
Oslo, Norway – 14 February 2025
Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 28 January 2025 regarding the discussions which were not unlikely to provide the Company with necessary financing to avoid insolvency.
The board has today concluded that these discussions have been terminated without a positive result. Therefore, the board is currently assessing the Company’s financial situation and whether there is a basis for further operations.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Hugo Petit, CFO, on 14 February 2025 at 19.00 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe E-mail: ir@zwipe.com
This information 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 07:00 CET on 20 January 2025.
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:
OSLO, NORWAY – 10 February 2025 – Zwipe AS today announced a change in the publication date of its H2 report as well as its Annual Report 2024. The date for the H2 report, originally scheduled for release on February 20, will now be published on March 28. The Annual Report, originally scheduled for publication on 25 March 2025, will be published on 25 April 2025.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information 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 CET on 12 February 2025.
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
Oslo, Norway - 28 January 2025
Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") earlier today regarding the decision from the Oslo Chamber of Commerce dated 27 January 2025 at 23:25 CET in the payment dispute between IDEX Biometrics ASA and Zwipe AS. The Company has now held the extraordinary board meeting as referred to in said stock exchange announcement.
The board has discussed whether it can continue its operations in the light of the claim payable based on the decision from the Oslo Chamber of Commerce. Based on the board’s assessment, the Company is currently in discussions which are not unlikely to provide the Company with necessary financing to avoid insolvency. It is, thus, the board’s opinion that the Company currently has a basis for further operations. The Company will inform the market again when it knows the outcome of said discussions.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Hugo Petit, CFO, on 28 January 2025 at 18.22 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information 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 07:00 CET on 20 January 2025.
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
Oslo, Norway – 28 January 2025
In the prospectus published by Zwipe AS on 7 November 2024, Zwipe AS informed that Zwipe AS was in arbitration concerning a warranty dispute with IDEX Biometrics ASA at the Oslo Chamber of Commerce.
On 27 January 2025, at 23:25 CET, the Oslo Chamber of Commerce rendered its decision in the payment dispute between IDEX Biometrics ASA and Zwipe AS. The arbitration tribunal has ordered Zwipe AS to pay USD 702,000 (excluding VAT) to IDEX Biometrics ASA, plus late payment interest and legal costs. Zwipe AS is in the process of convening an extraordinary board meeting to discuss the feasibility of paying the award and continuing its operations. The outcome of the extraordinary board meeting will be announced in a subsequent press release.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by Hugo Petit, CFO, on 28 January 2025 at 11:56 CET.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information 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 07:00 CET on 20 January 2025.
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
OSLO, NORWAY – 20 January 2025 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 23 December 2024 regarding the final allocation of a rights issue of units, consisting of shares and warrants of series TO2 (the "Warrants"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 40 million (the "Rights Issue").
The Rights Issue resulted in the issuance of 397,213,376 Warrants, of which 166,364,465 will be delivered to the investors that participated in the Rights Issue, while the remaining 230,848,911 Warrants will be delivered to the Company and will not be exercised. The issuance of Warrants exceeding the amount delivered to shareholders is due to compliance with Section 11-12 of the Norwegian Private Limited Liability Companies Act, which requires the general meeting minutes to specify an exact number of Warrants to be issued. At the time of the extraordinary general meeting, it was not possible to predict the subscription rate of the Rights Issue. As a result, the Company's extraordinary general meeting resolved to issue the maximum number of Warrants that could be issued in the event of full subscription in the Rights Issue, and that any surplus Warrants are to be subscribed for and returned to the Company.
All 397,213,376 Warrants will be listed and tradable on Euronext Growth Oslo for a period commencing today, 20 January 2025 and ending at 16:30 (CET) on 10 March 2025. In addition, the Warrants will be listed on Nasdaq First North Growth Market Sweden for a period commencing today, 20 January 2025 and ending at 16:30 (CET) on or about 10 March 2025.
One (1) Warrant entitle to the subscription of one (1) new share in the Company. The subscription price upon exercise of the Warrants shall be NOK 0.10 per share.
Holders of Warrants may either sell their Warrants or use them to subscribe for shares in the Company, in both cases within the deadlines stated above. As such, the Warrants may have a financial value for the holders, depending on the prevailing market price for the shares in the Company. If the Warrants are not sold or exercised within the respective deadlines, the Warrants will lapse with no compensation to the holders.
For more information pertaining to the Warrants, please see the prospectus prepared in connection with the Rights Issue (the "Prospectus"), which is available on the Company's website www.zwipe.com and on the Swedish Financial Supervisory Authority's website, www.fi.se.
Subscription and Guarantee Commitments:
In connection with the Rights Issue, the Company received subscription commitments from board members Jörgen Lantto and Dennis Jones, amounting to approximately 4.5 percent of the Rights Issue. To the extent the Rights Issue was not fully subscribed, a consortium of guarantors, including board member David Chew, agreed to subscribe and pay for units in the Rights Issue up to an aggregate subscription rate corresponding of 28 percent of the Rights Issue (the "Bottom Guarantee Commitments"). The consortium providing the Bottom Guarantee Commitments received a 15 percent underwriting fee. In addition, the Company and Fenja Capital (the "Top Guarantor") agreed that the Top Guarantor would subscribe and pay for units in the Rights Issue up to 13.9 percent of the Rights Issue (the "Top Guarantee Commitment"). The Top Guarantor received an 8 percent underwriting fee.
Further information about the subscription commitments, the Bottom Guarantee Commitments and the Top Guarantee Commitment is set out in the Prospectus.
Convertible Loan
The Top Guarantee Commitment was fulfilled through the partial set-off of NOK 5,514,472 of the Company's convertible loan, which was outstanding at the time of the Top Guarantee Commitment and amounted to NOK 10,514,472 (the "2023 Convertible Loan"). In addition, the accrued interest under the 2023 Convertible Loan, coupled with NOK 1,000,000 from the 2023 Convertible Loan, has been set-off against the Top Guarantor's commitment under the Bottom Guarantee Commitments.
The remaining balance of the 2023 Convertible Loan, in addition to an arrangement fee of NOK 200,000, in total NOK 4,200,000, has been extended in the form of a new convertible loan, which was resolved issued by the Company's board of directors on 23 December 2024, in accordance with the authorization from the Company's extraordinary general meeting on 3 December 2024.
The Company has also issued 60,000,000 contractual stock options to the Top Guarantor (the "Stock Options"). The Stock Options can be exercised up until 31 December 2026 and each Stock Option entitles to subscribe to one (1) new share in Zwipe at a price of 70 percent of VWAP during the ten trading days that immediately precede every third month-end, starting in April 2025, however no lower than the quota value of the Company's share and not higher than 150 percent of the subscription price in the Rights Issue. The Stock Options can be exercised on 30 April 2025 at the earliest. The issuance of shares upon exercise of the Share Options is contingent upon either a resolution by the Company's general meeting to issue the corresponding shares in accordance with the Norwegian Private Limited Liability Companies Act, or the Company's board of directors issuing the shares pursuant to an authorization granted under the Norwegian Private Limited Liability Companies Act.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information 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 07:00 CET on 20 January 2025.
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 NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus will be prepared by the Company and published on the Company's website after the prospectus has been reviewed and approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Offers to the public will be permitted in Sweden and Norway from and including the date of approval of the prospectus by the competent authority in Sweden and the competent authority in Norway has been notified in accordance with the Prospectus Regulation, through to and including the end of the subscription period in the Rights Issue.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 23 December 2024 regarding the final allocation of a rights issue of units, consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 40 million (the "Rights Issue").
The share capital pertaining to the Rights Issue has now been registered with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The Company's new share capital is NOK 27,772,584.80, divided into 277,725,848 shares, each with a nominal value of NOK 0.10.
For further information contact:
Robert Puskaric, CEO of Zwipe
E-mail: ir@zwipe.com
This information 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 15.30 on 17 January 2025.
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
APOPKA, FLORIDA AND OSLO, NORWAY– January 13, 2025 – ReddWare Inc. and Zwipe announced today that they have entered into a strategic alliance. This collaboration aims to introduce advanced biometric access control solutions to ReddWare’s most important customer vertical, its Enterprise Systems Integrators.
The core innovation of this partnership is the Zwipe Access biometric smart cards. Zwipe’s biometric smart cards store encrypted fingerprint templates directly on the card's chip. This solution provides a quick, secure, and cost-effective way to integrate biometric authentication into existing access control systems. Notably, the biometric data never leaves the card during authentication, enhancing security and ensuring privacy by avoiding external data transmission. This partnership represents a significant advancement in the field of secure access control for the marketplace.
“Under the agreement, ReddWare’s global Enterprise Systems Integrators will have access to Zwipe’s innovative biometric access cards along with ReddWare’s extensive deployment engineering services. The cards offer two-factor authentication by integrating biometrics, eliminating the need for a separate fingerprint reader. The benefit of becoming a ReddWare Enterprise Systems Integrator is that as your business grows, the quality assurance of the systems you deploy remains consistent. This is our unique value proposition.” said Rommel Roberts, CEO ReddWare Inc.
“Innovation in access control is paramount, especially in today’s fast-evolving landscape. With ReddWare Inc. as our partner, we are proud to support the deployment of Zwipe Access cards in the United States, reinforcing our commitment to delivering an additional layer of security in critical environments,” said Robert Puskaric, President and CEO of Zwipe.
About ReddWare, Inc.
ReddWare Inc. delivers IOT software development & a high performance line of computer hardware built on the world famous Supermicro chassis. ReddWare brings over ten years of listening, observing, testing and customization for Avigilon, Genetec, IndigoVision, Milestone, Qognify and other leading surveillance platforms. These machines are the ultimate surveillance storage hardware, designed for high performance.
To know more, visit https://reddwareinc.com/ or contact 407-901-3192 X105
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 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 know more, visit http://www.zwipe.com
