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Zwipe Interim Report January to June 2019

Oslo, Norway – 3 September 2019 

Biometric technology company Zwipe today announces its Interim Report January to June 2019:

First Half Year

· Revenues for the first half year TNOK 348 (677), reflecting precommercial stage of business
· Result after tax at TNOK -36 329 (-30 712) as the company invests in strategic capabilities
· New equity TNOK 120 000 was raised in January 2019
· Cash and cash equivalents amounted to TNOK 73 728 on the day of closing

Significant events during the period

· Zwipe and XH Smart Technology enter into a strategic partnership to launch

Source: Zwipe Interim Report January to June 2019

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