OSLO, NORWAY- 11 October 2022 - Zwipe is proud to announce a significant
commercial order for its Zwipe Pay platform, which enables smart card
manufacturers to deliver biometric payment cards. This order has been placed by
one of the world's largest smart card manufacturers delivering tens of millions
of payment cards globally.
The order value is approximately USD 225,000 and the shipment is targeted for
later Q4 2022, making it the single largest commercial order for a quarter in
Zwipe's history. Most notably this initial order is part of a larger volume that
the smart card manufacturer expects to place in 2023. This development comes
after the smart card manufacturer has started to ramp up its production
readiness to deliver biometric payment cards in high volume to key growth
markets in Europe.
Robert Puskaric, President and CEO of Zwipe added, "It is encouraging to see the
growing commitment from one of the largest smart card manufacturers to launch
biometric payment cards in higher volumes from 2023 with Zwipe. Our platform's
Visa certification in March and Mastercard's approval in August this year has
further accelerated our customers' interest to bring their next generation
payment cards to markets in continued partnership with Zwipe".
###
This information is subject to the disclosure requirements in Regulation EU
596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5
-12, and is information that Zwipe AS is obligated to make public pursuant to
the continuing obligations of companies admitted to trading on Euronext Growth
Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth
Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se.
The information was submitted for publication, through the agency of the contact
person set out below, at 10:10 on 11 October 2022.
###
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