Crunchfish is pleased to publish the company’s year-end report for 2022. CEO Joachim Samuelsson comments that the company is in better shape than ever. Crunchfish are also launching a complimentary report format – Crunchfish iQ – an interactive view of the year-end report. A webinar with an interview of Crunchfish CEO will be live streamed at 09.00 CET / 13.30 IST today.

The report is available as an attached document to this press release as well as through the company’s website.

Comment from CEO Joachim Samuelsson

“Crunchfish destiny is to make any form of digital payments service robust, private, and inclusive. No other company in the world is anywhere near having the technology that can deliver on this promise. What the internet is for digital communications, Crunchfish will be for payments. Crunchfish are in better shape than ever. Our destination is outer space. Welcome onboard, doors are closing.”

At 09.00 CET/13.30 IST, a live webinar about the report will be hosted on Zoom where Crunchfish CEO Joachim Samuelsson will be interviewed by analyst Joen Sundmark from Västra Hamnen Corporate Finance.

Please register using this link.

A recording of this webinar will also be available afterwards on Crunchfish’s website as well as  Västra Hamnen Corporate Finance’s website.

Crunchfish iQ – Interactive Quarterly reports

Crunchfish iQ is an open Q&A channel about each Crunchfish-, Digital Cash-, and Gesture Interaction story in the report. Crunchfish iQ is published as a compliment to the year-end report and will be stored in the article section of Crunchfish LinkedIn channel.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is information that Crunchfish AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 16 February 2023 at 08:30 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Joakim Nydemark, Chief Operating Officer and CEO of Crunchfish Gesture Interaction AB leaves his operational roles at Crunchfish and is proposed to join its board of directors.

Joakim Nydemark, Chief Operating Officer and CEO of Crunchfish Gesture Interaction AB has decided to leave the company for a position as EVP and CCO Algo at Precise Biometrics AB in Lund. Joakim will have his last day at Crunchfish in mid-May 2023 and is nominated to become a member of the Crunchfish board at the general meeting 22 May 2023. The search for a replacement is initiated.

“Joakim and I have been working together for over 10 years. We joined Crunchfish at about the same time. Joakim as CEO and I took on the role as Chairman of the Board. It has been a great working relationship over the years. We have complimented each other really well. But all things come to an end eventually and Joakim will try his very capable wings elsewhere. I would like to wish him the best of luck in his future endeavors and congratulate Precise Biometrics for a great hire. I am also very pleased that Joakim has agreed to continue working at Crunchfish in a new capacity by joining its Board of Directors if elected at the annual meeting in May. Our journey together is not at all over. You have just changed into another role and we very much welcome you to the board”, says Joachim Samuelsson, CEO of Crunchfish AB

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

The information was provided by the contact person above for publication 16 February 2023 at 08:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Digital payments are not as robust as required given their critical role as public or commercial goods in a modern society. The same holds true for digital applications in general. As they are typically implemented using client server network model, the digital service is only available if the user gets online network access over the internet. In the same way as Crunchfish Digital Cash provides robustness for digital payments services, Crunchfish enable now this approach for digital applications in other verticals. Adding an application agnostic Trusted Application Protocol layer to digital applications has a profound impact on the client server communication as it provides trusted -applications, -identities and -execution environments communicating with secure end-to-end messages over all types of networks, e.g. TCP/IP, VPN, telecom or using a LAN or a proximity bearer.

“This innovation is arguably the most important improvement in digital communication since the internet was introduced in the 90s and Crunchfish most important innovation to date. Whereas the internet provides survivability in the face of failures between networks, TAP provides robustness between the digital application of the client and the server as well as fully offline between peers”, says Joachim Samuelsson Crunchfish CEO.   

Crunchfish have a patent pending for this protocol extension that applies to any form of digital application. The business model is subscription-based Trust-as-a-service model. In addition to supporting client server network architectures, the patent pending TAP also supports peer-to-peer communication.

TAP is arguably the most important improvement in digital communications since the internet was introduced in the 90s. Whereas the internet TCP/IP protocol made digital communications more robust, it is of little use if the application cannot get online access. TAP provides robustness as well as trust to digital applications by providing alternative routes to the remote server. For what is the use of a robust internet if a user that cannot get online access to the digital service?

In addition to making digital payments applications robust, having a trusted client is very useful for any digital application that require login, executing a single command or enabling automatic login without a passphrase to a remote server. This could for instance be used by electronic identification applications. Any application becomes more robust by the Trusted Application as it is possible to use alternative routes than the internet to connect to the remote server with end-to-end integrity. Even in circumstances where the internet is available, TAP adds additional integrity for the application data and ties the user directly to the secure client, which is beneficial for invoicing in subscription-based applications. TAP may also be used for having a trusted identity on social media platform to improve accountability for what is posted online.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information is Crunchfish AB obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication 14 February 2023 at 00:01 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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On Thursday, February 16 at 08.30 CET / 13.00 IST, Crunchfish publish its year-end report for 2022. At 09.00 CET / 13.30 IST, a webinar about the report will be hosted on Zoom where Crunchfish CEO Joachim Samuelsson will be interviewed. Crunchfish are also launching a complimentary report format – Crunchfish iQ – an interactive view of the year-end report.

Year-end report webinar
In the 2022 year-end report webinar Crunchfish CEO Joachim Samuelsson will be interviewed by Joen Sundmark, Equity Analyst at Västra Hamnen Corporate Finance. Please register using this link.

The audience may ask questions using the chat forum. A recording of the webinar will be made available afterward on Crunchfish’s as well as Västra Hamnen Corporate Finance’s websites.

Crunchfish iQ – Interactive Quarterly reports

Crunchfish keep creating new ways to get closer to its stakeholders. To make Crunchfish’s quarterly and annual reports more interactive, the company is launching Crunchfish iQ, an open Q&A channel about each Crunchfish-, Digital Cash-, and Gesture Interaction story in the reports. Crunchfish iQ will be published as a compliment to the quarterly and annual reports and will be stored in the article section of Crunchfish LinkedIn channel.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish in partnership with HDFC Bank and another Indian bank are piloting offline payments in a project monitored by the Reserve Bank of India (RBI) in their Regulatory Sandbox program. HDFC Bank, one of the leading banks in the world, have launched a website that describes “OfflinePay – Payments that work, without any network”. The project has been scaled up significantly in terms of numbers of payers and merchants.

Online Real-time Payment Services, such as UPI in India and Swish in Sweden, are by design vulnerable to temporary outages; whether it is payer that cannot get online connectivity, the remitting or beneficiary bank is congested, or any payments switch is down. Offline payment schemes, on the other hand, provide survivability in the face of any temporary failures. Whereas an offline payment scheme may facilitate an instant online transaction, the reverse is not true. Delivering a robust, inclusive and private digital payments service, requiring offline payments as the fundamental building block, must be a firm requirement by the financial regulator in any country in order to provide a stable payments eco-system.

Crunchfish have published several press releases related to this project. Crunchfish were  included in the Reserve Bank of India’s Regulatory Sandbox* in September 2022, the integration of Crunchfish Digital Cash offline was ready in October 2022, and when the pilot started in December 2023. HDFC Bank have now published a description of their implementation of Crunchfish Digital Cash offline as “OfflinePay – Payments that work, without any network”.

*The Regulatory Sandbox was established in 2020 by the Reserve Bank of India (RBI) to foster responsible innovation in financial services, promote efficiency and bring benefit to end users. The Regulatory Sandbox is a formal regulatory program for market participants to test new products and services with customers in a live environment, subject to certain safeguards and oversight. It allows the regulator, innovators, financial service providers and end users to conduct field tests to collect evidence on the benefits of new financial innovations, while carefully monitoring and containing their risks. To be approved access to the Regulatory Sandbox, the proposed financial service shall include new or emerging technology, or use of existing technology in an innovative way and should address a problem and bring benefits to consumers.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information was provided by the contact person above for publication on 08 February 2023 at 14:30 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish’s XR Skeleton has successfully been integrated into SpectreXR’s OctoXR product to enable gesture interaction with virtual objects. SpectreXR has done a great job to develop a demo application that in a brilliant way showcase the ultimate e-shopping experience with a standard mobile device by using XR Skeleton and OctoXR.

Crunchfish and SpectreXR have since earlier a partnership that targets to offer customers a powerful object interaction solution in AR/VR. The companies can now proudly present a demo app targeting e-shopping that show an immersive shopping experience in Augmented Reality.

One of the most exciting things about using hands for interaction in AR is that it enables the users to interact with the virtual world like in real life. The core of it is the ability to grab and manipulate objects, which require both a robust hand tracking technology as well as interaction components that enable all the dynamics and physics behind real objects. The demo app shows how a sneaker shoe can be picked up and turned around to get a closer look before a purchase.

An integrated solution using Crunchfish and SpectreXR software is now available and reduces the time to develop interactive AR/VR apps for e-shopping, live video shopping, Virtual-Try-Ons etc.

“With OctoXR we can show the performance and possibilities with Crunchfish’s hand tracking technology and enable new exciting usecases to our customers”, says Joakim Nydemark, CEO of Crunchfish Gesture Interaction

For more information, please contact:
Joakim Nydemark, CEO of Crunchfish Gesture Interaction AB
+46 706 35 16 09
Joakim.nydemark@crunchfish.com

This information was provided by the contact person above for publication 8 February 2023 at 10:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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