Press releases

New company group structure in Crunchfish

Crunchfish AB (“Crunchfish”) today announces that the company has started a restructuring of the company group structure, with the purpose to clarify the different business areas and put these in relevant subsidiaries. With the new company group structure, Crunchfish’s different business areas will be operated in separate wholly owned subsidiaries, each of which can report its own revenues and expenses. The new company group structure will not have any direct financial impact on Crunchfish, but only aims to create a further increase in clarity and transparency.

Crunchfish Proximity AB is undergoing a name change to Crunchfish Digital Cash AB with Patrik Lindeberg as CEO. The closely related solution areas Digital Cash, Blippit and Nearby are part of this company. Crunchfish starts a new subsidiary, Crunchfish Food Waste AB with a focus on Food Waste in which Linda Kronby will be the new CEO. Linda will also continue as CEO of Blippit AB, which Crunchfish Digital Cash AB owns together with ClearOn AB in equal parts. The third subsidiary is Crunchfish Gesture Interaction AB, where Joakim Nydemark is still CEO.

“Our new group structure clarifies our three main solution areas and provides the market with transparent information as wholly owned subsidiaries with their own accounts”, says Joachim Samuelsson, Crunchfish’s Group CEO.

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

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@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 is a tech company with a patent-pending solution for digital offline payments that can be integrated both with the payment rail or in a mobile wallet. The offline solution is globally scalable and makes digital payments more robust as the risks of disruptions and downtime are eliminated. We have also developed Blippit, an app terminal that connects to a cash register system for both online and offline payments. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish has been listed on Nasdaq First North Growth Market since 2016 with headquarters in Malmö, Sweden and with representation in India.


Crunchfish receives Chinese patent regarding proximity-based authentication

Crunchfish AB (“Crunchfish”) has received a Notice of Allowance from the Chinese Patent Office that a patent regarding proximity-based authentication will be granted. The patent protects how the mobile user proves his or her identity or demonstrates ownership of a document of value in a proximity-based interaction. The Chinese patent, with patent number 201680030051.6, is valid until March 2036. This patent has previously been granted in Sweden, Europe and the USA.

The patent protects proximity-based authentication and prevents improper use of other people’s identities or documents of value in proximity-based interaction. It further raises the level of security for applications that implement Crunchfish’s interaction solutions for mobile payment, by public key infrastructure technology which proves the mobile user’s identity or demonstrates ownership of a document of value such as a discount voucher or travel ticket in public transport.

“This is a core patent that increases security in applications that implement Crunchfish’s proximity interaction solutions”, says Paul Cronholm, Crunchfish’s CTO.

Crunchfish’s patent portfolio
Crunchfish has about 100 active patents and patent applications nationally and internationally within Crunchfish’s five solution areas, counting patent rights per country. Counting unique inventions and granted inventions instead, there are 40 unique inventions/29 granted inventions in the company, and divided by solution area: Digital cash 7/0, Blippit 6/5, Food Waste 1/1, Nearby 14/12, Gestures 12/11. Crunchfish owns all its patents and patent applications without restrictions.

Crunchfish’s strategy is to protect the company’s technology in all geographic markets that are deemed important. Crunchfish intends to continuously expand its patent portfolio to selected markets and through new inventions.

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

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

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

This information is information that Crunchfish AB is obliged to publish in accordance to the EU Market Abuse Regulation. The information was provided by the contact person above for publication on March 9, 2021.

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a tech company with a patent-pending solution for digital offline payments that can be integrated both with the payment rail or in a mobile wallet. The offline solution is globally scalable and makes digital payments more robust as the risks of disruptions and downtime are eliminated. We have also developed Blippit, an app terminal that connects to a cash register system for both online and offline payments. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish has been listed on Nasdaq First North Growth Market since 2016 with headquarters in Malmö, Sweden and with representation in India.


Can you see into the future? Crunchfish creates it.

For too long, mankind has adapted to technology. It should have been the other way around. For example, why are we dependent on the net when we pay? Why do we walk around looking own at our phones all of the time? Why is it hard to communicate with the proximity? These are challenges that can only be solved by radical new thinking and cutting-edge technology. Crunchfish is a tech company that creates a society to suit people.

Crunchfish uses a broad focus to meet tomorrow’s challenges with innovative solutions in widely differing areas such as solutions for payment, food waste, nearby interaction and gesture control for smart glasses. It’s a motley list, but it’s also why Crunchfish can contribute to the society of tomorrow. With a rare combination of courage and technical know-how, the company tackles the most varied everyday challenges within five solution areas.

Digital Cash – Why are we dependent on the net when we pay?
7 patent pending inventions in 2020, none granted yet.

Crunchfish’s most recent solution area is Digital Cash, where the company enables cash in digital form. The flexibility to pay digitally, combined with the effects of the pandemic, mean that the use of cash is declining rapidly, but this has also made us vulnerable since we have become dependent on the connections and payment services that work there and then. This is an unnecessary risk to take, and a typical example of how technology sets up unnecessary obstacles, explains Joachim Samuelsson, CEO of Crunchfish.

  • The time-critical payment moment should be implemented as a separate step, completely separate from the subsequent transfer between accounts. This simple and ingenious change means that we magically eliminate all the online factors that can fail when we make payments. Crunchfish’s Digital Cash really always works, is easy to use and, last but not least, it lets you stay anonymous. The bank doesn’t need to know what you do simply because you pay digitally.

    Blippit – Why can’t we blip in many more situations?

6 patent-pending inventions since 2017, of which 5 have been granted.

Blippit delivers smooth payment solutions. Blipping is convenient, and Crunchfish makes it as easy to pay with Swish as to blip a card. The Blippit app terminal is the bridge between the customer’s mobile and the in-store POS. The technology also enables blipping in other situations, for example when finding offers, checking in, unlocking or logging in using a mobile phone.

  • Blippit’s big breakthrough is its Digital Cash, because the app terminal transfers offline payments directly to the cash register.

    Food waste – Why do we throw away a third of all produced food?

1 patented invention in 2019 that has been granted.

One third of all food produced is thrown away. This is huge financial costs and has a big negative impact on the climate and the environment. Thanks to an automated way for sellers to give consumers a discount at the checkout if they don’t casually choose the freshest product. It’s all based on the fact that in the near future, the striped EAN code on goods will be swapped for a checkered QR code. This code can also contain information about each individual product, such as its best-before date. Tempting discounts on older goods will affect our buying behavior and reduce food waste. Simple and ingenious.

Nearby – Why is it hard to communicate with the proximity?
14 patent-pending inventions from 2014, of which 12 have been granted.

Proximity is the next area for the mobile to conquer. It can also be digitized, to let people understand much more about their surroundings than is possible using only our senses. The mobile phone can let you discover and communicate with everything and everyone nearby. With approval, it makes it possible to discover and communicate with everyone around our own digital bubbles. Seamless superpowers.

Gestures – Why do we walk around looking down at our mobiles all the time?
12 patent-pending inventions from 2012, of which 11 have been granted.

Gesture control lets you control your electronics using only your hands. For example, skip the selfie stick and take photos from a distance with Crunchfish’s popular free GoCam app, available on the app store. The big breakthrough for gesture control, however, is the smart AR glasses. They free our hands, finally letting us lift our gaze from the phone screen.

– Crunchfish’s success is based on radical innovation that is manifested in an offensive patent strategy. Patents protect the company for 20 years from the application date. We have applied for 40 inventions, of which 29 have already been granted patents in some markets, despite the fact that Crunchfish only has 25 employees. An impressive invention workshop, says Joachim Samuelsson, CEO of Crunchfish. Crunchfish is an absolutely world-class tech company, solving tomorrow’s challenges in radically new ways. We never let technology dictate the conditions – we always adapt it to what fits us humans best.



ABOUT CRUNCHFISH – crunchfish.com
Crunchfish is a tech company with patent-pending solutions for Digital Cash that can be integrated with both the payment rail and in mobile wallets. The solutions are globally scalable and makes digital payments more robust as the risks of disruptions and downtime are eliminated. We have also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

This article was originally published on February 4, 2021 in the Morgondagens Samhälle #1 appendix in Dagens Industri.


Henrik Winberg. Ketchup effect. 9/36.

Joachim Samuelsson rounds off the Alumni week talking to Henrik Winberg, our Head of Global Sales for five years 2015 – January 2020, who currently serves as COO of Dlaboratory Sweden AB, an innovative company that provides power companies with an intelligent analytics platform to manage their grids.

Henrik and Joachim discuss the famous Ketchup effect and how technology should be adjusted to humans instead of the other way around – something that permeates everything we do at Crunchfish. Don’t miss this interesting discussion!
Please visit https://dlaboratory.com/ to find out more about how they’re unlocking valuable insights in power grids with their data-based analytics tool.

Interview 9 of 36 in the second season – Cash goes digital, a payment pandemic – out Friday morning 6 am CET / 10.30 am IST.


Carl Tönsgård. Superhuman. 8/36.

Alumni week, Joachim Samuelsson Samuelsson is interviewing Carl Tönsgård Tönsgård, our COO for five years 2013 – 2018, who moved on and co-founded super-cool Superhumans developing AR applications. They talk about the human superpowers that Superhumans are building, about AR and aBubbl in our Nearby solution area, and how technology differs from applications.

Please visit https://superhumans.se/ and find out more about how they’re creating human-centered software for augmented reality and wearables.

Here is the link to the free touchless camera app of Crunchfish on iOS appstore. https://lnkd.in/e8vQFKP

Interview 8 of 36 in the second season – Cash goes digital, a payment pandemic – out Wednesday morning 6 am CET / 10.30 am IST. https://lnkd.in/e5RHAYD


Elinor Samuelsson. A bright soul. 7/36.

We’re starting the Alumni week with a special treat – Joachim Samuelsson interviews a truly bright soul, Elinor Samuelsson, who used to work with UX at Crunchfish for two years 2014 – 2015 and is now the co-founder of BrightAct, winner of EUvsVirus Challenge!

BrightAct’s mission is to end domestic violence using smart tech against abuse. At Crunchfish, Elinor developed several use cases for our aBubbl product within the Nearby solution area – a perfect task for Elinor whose mission is to design for a better and more beautiful world.

Please visit https://www.brightact.org/ to find out more about the very important work that BrightAct is doing to end domestic violence, especially during the pandemic when people are spending more time at home.

Interview 7 of 36 in the second season – Cash goes digital, a payment pandemic – out Monday morning 6 am CET / 10.30 IST. https://lnkd.in/e5RHAYD


Dhruv Singh new business manager for Crunchfish’s Nearby solutions

Crunchfish AB (“Crunchfish”) announces that Dhruv Singh, currently working as a business developer for our team in India, has been appointed as new business manager for Crunchfish’s Nearby solutions. In this business area, Crunchfish has developed its tech to show how a mobile phone can be used to discover and communicate with everything and everyone within a certain proximity, and take advantage of the fact that the mobile phone is mobile and not stationary. Crunchfish has 14 patent pending inventions in the field of which 12 have been granted. Dhruv Singh assumes his new position with immediate effect.

“Since Dhruv started working for Crunchfish, he has been working hard with business development in the Indian market, in addition to acting as one of our top models. He has shown a good ability in finding new business opportunities and therefore we have now given him the opportunity to further develop our Nearby solutions. This is an area where we have advanced solutions for how a mobile phone can be used in social contexts to discover and communicate with other people. For example, they can be linked to dating apps in order to find other singles at nightclubs, or to career sites in order to find purchasing managers at a major trade show – they are simply giving the user superpowers to understand much more about the environment than what is possible with the human senses. With Dhruv’s ability to find new business opportunities in the Indian market, we see great potential in Nearby”, says Joachim Samuelsson, CEO of Crunchfish.

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

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@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 is a tech company with patent-pending solutions for digital cash that can be integrated with both the payment rail and in mobile wallets. The solutions are globally scalable and makes digital payments more robust as the risks of disruptions and downtime are eliminated. We have also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments, and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.


Dhruv Singh. Top model. 6/36.

In the third and final interview during the India week, meet Dhruv Singh, our Indian top model, world famous from several photos in our financial reports, on our website and product presentations. Dhruv is also working on several of our business opportunities in India as well as currently helping us produce more marketing photos with an Indian flair!

This is interview 6 of 36 in the second season – Cash goes digital, a payment pandemic – out Friday morning 6 am CET/10.30 am IST. https://lnkd.in/e5RHAYD


Crunchfish COVID-19 contact tracing technology combines centralized data storage with personal control over contact data

Crunchfish AB (“Crunchfish”) today announces that the company has filed patent application 2050514–5 in Sweden in order to combine centralized data storage with personal control over the contact data in the company’s COVID-19 contact tracing approach. The patent-pending solution also proposes an independent escrow service that handles decryption automatically when individually set conditions are fulfilled.

COVID-19 is a global crisis that, in one way or another, affects every single person in the world. An important part of the fight against COVID-19 is to trace the individuals who have been in contact with someone who has been diagnosed with the disease. This information can then be used by governments and health authorities to determine what measures should be taken to limit the spread of COVID-19. Tracing individuals who have been in contact with infected individuals is important because research shows that people may infect others before any symptoms of the disease are noticeable.

 

Crunchfish’s proximity-based technology, originally developed for social applications, may also be applied for contact tracing. For this purpose, we propose an approach based on sporadic and synchronized beacon signalling. The reason we suggest that the signalling is sporadic and synchronized is to be able to capture information also from iOS users who may not be using the app in the foreground. This was further described in our press release on April 17:

https://www.crunchfish.com/wp-content/uploads/2020/04/Crunchfish-is-granted-a-US-patent-for-an-invention-which-could-be-used-to-limit-the-spread-of-Covid-19.pdf

 

On this year’s Good Friday, Apple and Google announced that they will work together to develop a new Bluetooth framework for COVID-19 contact tracing that will be made available to national infection tracing apps during the month of May. A week later, on April 24, Crunchfish responded with an alternative approach that differs in several key aspects. We believe that data collection should be central, in order to reduce the risk that vital contact tracing data is not reported. Another difference is that Crunchfish’s COVID-19 technology may also be used by third-party apps to quickly get started and support contact tracing data collection in the country. In addition, Crunchfish’s solution is more battery efficient and also immediately available.

https://www.crunchfish.com/crunchfish-covid-19-contact-tracing-technology-available-now-and-free-of-charge/

 

Despite the fact that Crunchfish works with central data collection, we concur with Apple and Google that personal integrity is of great importance. But instead of storing information decentralized on each mobile, Crunchfish suggests an alternative solution where contact tracing data is still collected centrally, but in encrypted form with decryption controlled by the individual. This makes it easier to make data accessible without the need to upload contact tracing data after getting sick. We have also proposed an independent escrow service that automatically handles the decryption when individually set conditions are fulfilled. The patent application is filed in Sweden with application number 2050514-5.

 

For more information, contact:

Joachim Samuelsson, CEO at Crunchfish

+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.

200505 – Personal intergrity in COVID-19 solution


Crunchfish COVID-19 contact tracing technology, available now and free-of-charge

Who we are and why we’re engaging ourselves in this matter

Crunchfish is a Swedish tech company that develops and markets interaction solutions for mobile payments in a physical environment. The solutions are primarily marketed to payment apps, cash register providers and merchants in Sweden and India, as well as to multinational companies. The company also develops interaction solutions based on gesture control and has integrated that technology into millions of smartphones currently on the market. Today, development of the gesture control technology is focused on smart AR glasses.

COVID-19 is a global crisis that, in one way or another, affects every single person on Earth. The only way that we will get through this crisis is by working together. In the context of COVID-19, we believe that we have technology that may be of great help. A crucial part of the fight against COVID-19 is tracing individuals that have been diagnosed with the disease and identifying the people they have had contact with. It is important to note that the purpose of this tracing is not to red-flag individuals with the disease, rather to identify patterns in the spread of the disease. This pattern recognition can then be used as a tool for governments and health agencies to decide which measures to take in order to limit the spread of COVID-19 in their society.

A great number of companies, governments and health agencies around the world are currently struggling to devise a comprehensive digital strategy for COVID-19 tracing and data collection. Crunchfish has specialized in mobile interaction solutions since 2010, and since 2014 has been working on proximity technology for mobile applications. Our efforts have led to several inventions and new strategies, for which we hold multiple patents, including for solutions that makes it possible to securely collect data from iOS users that are not using the app in the foreground. Several of these inventions have been granted patents and could be used for COVID-19 contact tracing, such as:

 

  • A technology that enables passive iOS and Android users to always be awakened by means of sporadic and synchronous advertisement. This is important in order to be able to collect proximity data from users that have installed the app but are not actively using their mobile phones.
  • A technology that enables proximity-based identification of mobile users belonging to a subgroup of mobile users.

 

Our suggested strategy and approach for COVID-19 tracing

For the specific purpose of COVID-19 tracing we propose the following approach. Make use of sporadic and synchronized advertising from Android users in passive and active mode and from iOS users in active mode. The reason we suggest that the advertising be sporadic and synchronized is to repeatedly be able to get iOS users in passive mode to scan. Please refer to some more details from our recent press release at the Decision to Grant US patent 10,551,472.

On Friday, April 10th, Apple and Google jointly announced that they will partner to develop a COVID-19 contact tracing bluetooth framework in iOS and Android that will be made available to national health apps by mid-May. We strongly believe in the direction of Apple and Google to preserve users’ integrity to tokenize user identities. However, Crunchfish’s approach differs in other key areas, for example, we believe that central data aggregation is necessary for efficient COVID-19 tracing during this acute pandemic situation. The key differences are stated below:

 

  Apple’s and Google’s framework Crunchfish’s patented approach
Advertising behavior Devices are programmed to advertise constantly from iOS and Android devices in both passive and active mode. There is an advantage with iOS devices advertising in passive mode, if there are no Android devices present. Drain on battery from constant advertising.

 

Devices are programmed to advertise sporadically and synchronized from passive Android devices as well as active iOS and Android devices for short intervals and then remain silent for at least 2 minutes to 5 minutes. More battery efficient solution.
Scanning behavior Listening devices are programmed to scan for advertising signals regularly, at least every fifth minute. Drain on battery if not conditioned to only scan if there are advertising signals present. Listening devices monitor for advertising using standard beacon technology prompting both iOS and Android devices to wake up, even in passive mode as a response. More battery efficient using all existing power saving scanning features in the devices today.

 

Storage of discovered data All proximity data are stored locally on the device with a personal option to share data to the central database. Apparent risk that proximity graph data is not forwarded to the central database of the national health app, which may be vital for COVID-19 tracing.

 

All proximity data is collected in the central database. Important to have access to as much proximity graph data as possible for the purpose of COVID-19 tracing.
What apps may participate in this? Only available to national health apps. As time is of essence, proximity graph data will not be collected, as many mobile users have not downloaded the app or onboarded the service. This leads to high risk of missing vital COVID-19 tracing data. Strategy available to national health apps as well as to participating 3rd party apps that may be used to advertise and/or listen to generate proximity graph data for the national health app database. To initiate the proximity graph data collection requires only a standard app update with a click to consent, avoiding downloading of apps and onboarding.

 

When is this available? Available in May 2020. Now.

 

Our proposal

In this acute pandemic situation Crunchfish is willing to allow developers for both national and international health apps, as well as approved participating 3rd party apps, the use of our US Patent 10,551,472 and possibly also US Patent 10,212,568 until October 31, 2020 for the sole purpose of COVID-19 tracing free-of-charge. As we are a small company, we would kindly ask to enter into a regular business setup for IP-licensing, if use of our IP beyond that date is required. We are also willing to offer consultancy support at regular fees, if any company would require assistance to set this up. For more information, please see attached press release and mentioned patents.

 

We are grateful to take part of solving this global crisis together.

 

Crunchfish AB

Malmö, Sweden

April 24th, 2020

 

US Patent 10 212 568

Crunchfish is granted a US patent for an invention which could be used to limit the spread of Covid-19

US Patent 10551472

 

For more information, contact:

Joachim Samuelsson, CEO at Crunchfish

+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 develops and markets interaction solution for mobile payment in a physical environment. Crunchfish’s proximity-based technology connects a customer’s mobile phone to a payment service in a Point of Sales terminal at a merchant, and even has a patent-pending innovation for payments when both the customer and merchant are completely without connection to the payment service. The solutions are marketed to payment apps, cash register providers and merchants in Sweden and India, as well as to multinational companies.

 

The company also develops interaction solution based on gesture control and has integrated that technology into millions of smartphones currently on the market. Today, development of the gesture control technology is focused on smart, AR glasses.

 

Crunchfish has its headquarters in Malmö, Sweden. The company also has offices in Stockholm and representation in India. The company drives its businesses through two subsidiaries, Crunchfish Proximity for proximity-based interaction for mobile payments, and Crunchfish Gesture Interaction for gesture control for smart, AR glasses. Crunchfish was founded in 2010 and has 23 employees.