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OSLO, NORWAY – 27 June 2022 – The board of directors of Zwipe AS ("Zwipe" or the "Company") has today resolved an increase in the share capital of the Company in the amount of NOK 2,500 through the issuance of 25,000 new shares in the Company, each at a strike price of NOK 10.00. The new shares were issued under the Company's stock option incentive program.

Primary insider Eric Mercer, COO of Zwipe AS, exercised 20,000 stock options. After completion of the transaction, Eric Mercer will hold 25,500 shares and 200,000 stock options in the Company. The remaining 5,000 stock options were exercised by an employee of the Company not being a primary insider.

All the exercised options have been granted in accordance with the Company's stock option incentive program described in the Company's latest annual financial statement.

Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the primary insider transaction listed above.       

This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 CEST on 27 June 2022.

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About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.  To learn more, visit http://www.zwipe.com.

For more information, please contact:

Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com

Dear Customers, Zwipers and Partners,

 

I am delighted to begin this new journey as the CEO of Zwipe. Since day one, I have felt thoroughly welcomed and enjoyed the energy, engagement and competencies that we have in the team.

I would like to start by saying a big thanks to all Zwipers for working tirelessly and to André Løvestam for having been such a strong ambassador of next generation biometric cards for many years.

More card manufacturers, payment processors, banks and enterprises than ever before are today committed to launch their next generation card programs with Zwipe. My sincere thanks to our customers and partners for their continued confidence in our platform. Throughout H1 2022, we continued to grow our customer and partner base at a strong pace.

·       We signed with six new issuers, from Germany to India and the Middle East. All of them are now engaged with our card manufacturing partners and other players in the value chain to launch their new cards.

·       In the APAC region, we strengthened our market position significantly with Placard (largest card manufacturer in Australia and New Zealand), Modularsoft (Malaysia’s largest payment card personalization bureau) and Wisecard (one of APAC region’s largest EMV Software providers). All these leading brands selected Zwipe Pay platform in launching their next generation payment cards.

·       On the technology side, our Zwipe Pay platform received the Letter of Approval (LoA) from Visa, which was followed by confirmations of Visa certification from our three lead customers (Tag Systems, BCC and Inkript). This list will only grow from here.

·       Fraport, operating in 31 international airports (including Frankfurt, New York (JFK), New Jersey (EWR) and New Delhi) shortlisted the Zwipe Access platform for their new access card program. Pilot is now underway, and we are expecting a decision before the end of the year. 

We also strengthened our organization by welcoming Patrice Meilland as Chief Strategy & Product Officer and Danielle Glenn as CFO & Head of IR. Patrice joins from his position as the SVP of Advanced Cards in Idemia. Danielle brings substantial financial markets experience from the likes of Goldman Sachs and her most recent role as the CFO of Arctic Bioscience. With a strong focus on ensuring deliveries and successfull launches, we have also strengthened our engineering teams.

Throughout H1 2022,we continued to investigate consumers’ payment preferences and their feedback on biometric payment cards. From Austria to Australia, Italy to Taiwan, Malaysia to The Netherlands and Germany, consumers’ interest in biometric payment cards remained consistent and very strong. This is encouraging, not just for Zwipe but for all our customers, partners and industry peers who just like Zwipe are on a mission to deliver the next generation payment and access control experience worldwide.

I now look forward leading Zwipe and together as a team delivering measurable value to our customers, partners and shareholders.

 

Wishing you all a happy and safe summer!

Robert Puskaric

President and CEO of Zwipe

OSLO, NORWAY - 16 June 2022 - The Board of Directors of Zwipe AS ("Zwipe" or the "Company”) has resolved to grant in total 660,000 share options to members of the management team under the Company's share incentive scheme. The option grant is in accordance with the mandate given at Zwipe’s Annual General Meeting on 23 May 2022 to the Board of Directors (“the Board”) to issue new options to the company's employees or Board members under the company's existing long-term incentive program (the “Program”). Each option gives the option holder the right to acquire one share in the Company at an exercise price of NOK 17.96, which is equal to the volume weighted average share price for the 10 last trading days through 10 June 2022 plus 10%. The exercise price was established in accordance with Program principles. The options will vest over a period of three years from grant with one-sixth vesting every six months until 31 December 2024. The options will expire on 1 July 2026.

The following primary insiders were granted options:

  • Robert Puskaric (CEO), was granted 450,000 options, following which he holds in total 450,000 options and zero shares in the Company
  • Bishwajit Choudhary (CRO), was granted 70,000 options, following which he holds in total 220,000 options and 25,500 shares in the Company
  • Eric Mercer (COO), was granted 70,000 options, following which he holds in total 220,000 options and 5,500 shares in the Compan
  • Dr. Robert Mueller (CTO), was granted 70,000 options, following which he holds in total 220,000 options and 48,572 shares in the Company

Until the AGM in 2023, the Board is authorized to issue up to 2,626,168 options, of which a total of 2,084,498 options have now been issued. Primary insider notifications pursuant to article 19 of the market abuse regulation are attached to this release.

OSLO, NORWAY – 13 June 2022 Zwipe, a leading provider of biometric payment card solutions announces that Zwipe’s Board of Directors has appointed Robert Puskaric as President and Chief Executive Officer, replacing André Løvestam. The change is effective immediately.

Robert Puskaric has a long successful career mainly from the Ericsson group where positions held include President, Region Northern Europe and Central Asia, President, Ericsson Mobile Platforms, Senior Vice President, Business Unit Modems, and Executive Vice President, ST-Ericsson. He has also been President and CEO of Doro AB and President of Eniro AB. He holds a Bachelor’s degree in Economics and Management (Civilekonom) from Lund University, Sweden.

“We are excited to announce that Robert Puskaric joins Zwipe as our new President and CEO,” says Jörgen Lantto, Chairman of the Board of Directors of Zwipe. “After several years of development of Zwipe Pay and Zwipe Access, Zwipe’s main products for biometric payment and access cards, the company is now entering into a new phase of engaging with our customers to bring biometric cards to consumers for commercial launch. We are confident that Robert’s successful history of managing complex commercial relations will be a perfect fit as the company enters this phase,” continues Jörgen Lantto.

“I am very excited to join Zwipe,” says Robert Puskaric, new President and CEO of Zwipe. “I am very impressed of Zwipe’s achievements in establishing a strong competitive position on the back of a leading technology, and I am looking forward to working with my new colleagues and the board, partners and customers, in bringing biometric cards to consumers for commercial launch” continues Robert Puskaric.

Robert Puskaric replaces outgoing President and CEO André Løvestam who will support the company during a transition period and then pursue other opportunities.

“On behalf of the Board of Directors, I would like to extend my deep appreciation to André Løvestam for his efforts in leading Zwipe to its current position,” says Jörgen Lantto. “André has taken the company through a series of major changes during a critical time for the company. We wish André all the best in the future,” continues Jörgen Lantto.

OSLO, NORWAY and MUNICH, GERMANY - 13 June 2022 - Zwipe and Fidor Bank are excited to announce that they will be piloting the biometric payment cards in Germany during the second half of 2022. This will be powered by the Zwipe Pay technology platform.

Fidor Bank is a digital bank headquartered in Germany. Founded in 2009, the bank aims to provide a world-class user experience to its retail, corporate and institutional customers.

The launch of biometric cards is in line with Fidor’s strategy to provide its customers with access to digital banking and payment services in the most secure way possible. These cards are equipped with the latest security technologies and offer users a secure and seamless payment experience. Fidor Bank has been recognized in the last three consecutive years by Forbes Magazine as one of the world’s best banks and a leader in banking.

Across markets globally, Zwipe is experiencing strong and growing demand for its disruptive Zwipe Pay biometric payment card platform, delivering world-class security and a completely touch-less, PIN-free user experience.

Speaking on this development, Boris Joseph, CEO at Fidor Bank said, “We are delighted to take this big step with Zwipe, a well-known pioneer in biometric authentication and payment solutions. Next generation payment cards powered by on-card fingerprint authentication will greatly help to differentiate our payment offerings with respect to a seamless checkout experience and uplifted transaction security. We are aiming for a commercial launch in the second half of 2022”.

Besides providing Zwipe Pay as the core platform of the biometric payment card technology, Zwipe will support Fidor Bank with project support, help the bank to drive engagement and awareness on biometric payment cards while ensuring excellent payment experience for consumers.

André Løvestam, CEO of Zwipe said, “We are grateful for Fidor Bank’s confidence in joining forces with Zwipe to bring biometric payment cards to Germany, one of the largest payment markets in Europe. Fidor Bank’s position as a leading digital bank and Zwipe’s disruptive technology in biometric payments lay the foundation for a mutually rewarding collaboration. We are fully committed to ensure a successful pilot and market launch in Germany”.

About Fidor Bank

Fidor Bank AG is a German digital bank based in Munich and Berlin. A range of unique products and services characterizes Fidor’s offer. With the Fidor Smart current or business account, the bank targets private and business customers and offers them a combination of classic banking services and innovative products, such as cryptocurrency trading. Fidor’s unique value proposition has been awarded by acclaimed publications, including Handelsblatt, Forbes and Chip.

To learn more, visit www.fidor.de

For further information please contact: Sascha Grundmann, newskontor – Agentur für Kommunikation, +49 211 863949-21 sascha.grundmann@newskontor.de

About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.

For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com

OSLO, NORWAY and HONG KONG, CHINA – 9 June 2022 – Wisecard Technology and Zwipe are pleased to confirm their partnership to bring biometric payment cards to consumers in the Asia Pacific (APAC) Region. Wisecard is one of the world’s largest suppliers of turnkey personalization solutions serving more than 150 financial institutions and 50 card personalization bureaus in more than 60 countries worldwide. Zwipe is a leading innovator in the biometric smart card industry with market leading biometric payment card platform, Zwipe Pay.

Elaborating on the partnership, Kevin Yi, Vice President-Business Development at Wisecard said, “Wisecard has been at the forefront of payment technologies for over ten years. Partnering with Zwipe, a well-known leader in biometric card technology, enables us to offer revolutionary solutions to our customers, banks and card personalization bureaus. Wisecard recognizes the significant benefits that biometric payment cards bring to consumers and issuers alike. With the Zwipe Pay platform we now have the maturity and reliability to make it a reality”.

As part of this partnership agreement, the parties have agreed to execute joint sales and marketing initiatives, backed with a strong technology collaboration where Wisecard will deliver pre-built personalization scripts for Zwipe Pay biometric payment cards ensuring much faster and smoother implementation for banks and card personalization bureaus.

Claus Hansen, Vice President, Sales and Business Development for Zwipe in APAC said: “Partnering with Wisecard greatly strengthens the global delivery and implementation ecosystem of biometric payment cards built on our platform, across the APAC region and also beyond. Together we will bring next generation biometric payment cards to card personalization bureaus, smart card manufacturers, payment processors and issuers.”

About Wisecard:

Wisecard has been dedicated to building a safe and trusted digital world through the development of smart card technology and payment solutions. Wisecard is committed to becoming the world's leading provider of secure payment service solutions, adhering to the customers’ needs, and delivering easy plug-in and user-friendly solutions for banks and financial institutions. With the team of Wisecard, we are extending our service and solutions from software development and professional project management.

Visit www.wisecardtech.com/ for further information or contact us: info@wisecardtech.com



Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.

To learn more, visit www.zwipe.com For further information please contact: André Løvestam, CEO, +47 93 43 69 52  info@zwipe.com

BEIRUT, LEBANON and OSLO, NORWAY - 30 May 2022 - Inkript, a digital security solutions provider operating in the Middle East and Africa (MEA) region, and a subsidiary of Resource Group, has obtained the Letter of Approval (LoA) from VISA for its biometric payment card built on the Zwipe Pay platform.

With this Letter of Approval (LoA), consumers all over the world can use biometric payment cards from Inkript built on the Zwipe Pay technology working seamlessly across Visa’s global payment network. This will address the strong market demand for increased security and convenience through biometric authentication.

On this development, Riad Itani, Managing Director at Inkript said, “We are pleased to receive the Visa LoA allowing the issuance and deployment of our biometric cards anywhere in the world. This LoA also comes at a timely point with the strong interest from issuers in the MEA region to launch biometric payment cards based on the Zwipe Pay platform. Many banks have already signed with us, and we are ready to meet their expectations across the region. This is an important milestone in our journey towards developing biometric solutions for the Fintech industry in the region thus enabling a secure and seamless user experience.

Zwipe obtained its VISA Letter of Approval (LoA) for its Zwipe Pay platform on 24 March 2022, enabling smart card manufacturers working with Zwipe to swiftly obtain VISA certification for their own biometric payment card designs.

We are pleased to see that Inkript, as the first card manufacturer in the MEA region, has now received the Visa LoA for their biometric cards based on the Zwipe Pay platform. Achieving this milestone has a very positive impact on the commercial rollout of Zwipe Pay enabled biometric payment cards in the region. On behalf of everyone at Zwipe, I congratulate the team at Inkript on this achievement,” said Ramzi Saboury, General Manager of Zwipe for Middle East & Africa.
 

About Inkript

Inkript is a digital security solutions provider catering to governments, telecom operators, financial institutions and corporations in the Middle East and Africa. The company is a subsidiary of Resource Group, and its growth is driven by an extensive R&D and continuous investments in emerging technologies. Inkript is distinguished by its state-of-the-art factories, technology competence centers, customized integrated solutions and international certifications covering processes, quality and security. 

Media Contact for Inkript: Ms. Nathalie Haddad, +9611412000 ext. 2935 nhaddad@resource.group

About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering next-generation biometric card and wearables technology for both payment and physical & logical access control and ID solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit www.zwipe.com

For further information please contact: André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com

OSLO, NORWAY– 23 May 2022 – The Annual General Meeting (AGM) of Zwipe AS was held Monday 23 May 2022 at 9:00 (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 19.21% of the votes in the company. 

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 Market Oslo and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, on 23 May 2022 at 16:05 CEST.

For more information, please contact:

Danielle Glenn
CFO and Head of IR, Zwipe AS
Phone: +47 909 98 201
E-mail:
danielle@zwipe.com

OSLO, NORWAY - 2 May 2022 - The Board of Directors of Zwipe AS (“the Company”) call for the Annual General Meeting (“AGM”) to be held on 23 May 2022 at 09:00 CEST. The general meeting will be held as a digital meeting on Microsoft Teams.

Please find enclosed the notice of the Annual General Meeting. The notice and Zwipe’s Annual Report for 2021 are available on the Company’s website, https://zwipe.com/investors.

Notice of attendance, in person or by proxy, shall be given no later than 20 May 2022 at 16:00 CEST. Shareholders are encouraged to register via the link found here.

Alternatively, the attached form may be sent by e-mail to genf@dnb.no, or regular post to DNB Bank ASA, Verdipapirservice, NO-0021 Oslo.

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.


The Board of Directors (the "Board") has proposed the following agenda:

  1. Opening of the 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 2021 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 to grant the Board a new authorization to increase the share capital

Proposed decisions from the Board

Matter no. 5: Approval of the annual report and financial statements for 2021 for the Company and the Group

The Board proposes that the annual report and financial statements for 2021 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 general meeting's approval, the Company's Board of Directors for the period from the AGM in 2022 until the AGM in 2023 will comprise:

  • Jörgen Lantto, Chairman of the Board
  • Johan Biehl
  • Dennis Jones
  • Diderik Schonheyder
  • Stina Granberg
  • Tanya Juul Kjaer

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 2021 until the AGM in 2022 were resolved by the AGM on 19 May 2021.

Fees to the Board for the period from the AGM in 2022 until the AGM in 2023 is suggested as follows:

Chairman of the Board:    NOK 260.000,-

Members of the Board:     NOK 130.000,-

As to remuneration, the Nomination Committee proposes that no remuneration is paid to the members of the Nomination Committee.

Matter no. 9: 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 program and (ii) to cater for strengthening of the Company's equity.

The Board proposes that the General Meeting adopts the following resolution:

1. Authorization for capital increase to fulfill the Company's incentive program

The Board of Directors is hereby granted authorization to increase the share capital of Zwipe AS, on one or several occasions, with up to NOK 262 616,80 (2,626,168 new shares), equivalent to 7 % 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 General Meeting grants a new 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 of 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 of Directors is hereby granted authorization to increase the share capital of Zwipe AS with up to NOK 562 750,30 (5 627 503 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.

About Zwipe

Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit 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 Market Oslo and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:40 CEST on 2 May 2022

For more information, please contact:

Danielle Glenn, CFO and Head of IR
danielle@zwipe.com
+47 90998201

Media Inquiries

Anders Bigseth
,
VP Communications & Marketing