Crunchfish Gesture Interaction (CGI) and LogistiVIEW Inc. have extended the license agreement and collaboration to continue delivering gesture-based logistics solutions.

LogistiVIEW Inc. builder of SaaS solutions for warehouse and manufacturing operations and CGI have extended the initial license agreement from 2019. The partnership has been successful, and Crunchfish’s gesture technology is actively being used by operators at customers of LogistiVIEW. The logistics solution is used for order picking, confirmation and troubleshooting using gestures together with AR glasses.

“I’m very pleased to have this renewal in place as it is proof of our joint success in building a solution together. We are happy to have reached this state with the solution and we have started to see some active users. We look forward to continued development of the solution and increasing volumes over time”, says Fredrik Clementson, CEO Crunchfish Gesture Interaction.

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

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Following this week’s announcement from the Reserve Bank of India regarding the Offline Retail Payments pilot that Crunchfish participated in together with HDFC Bank and IDFC First Bank, financial media remarked on the milestone.

The announcement made by the Reserve Bank of India (RBI) didn’t go unnoticed by financial media, especially in India. The most important media channels reported the milestone, and remarked on the fact that this opens the door to address regions with limited network capabilities, boosting digital payment adoption.

Media like Business World India, CNBC TV18 and Financial Express, among others, made echo of the announcement during the week. Also Swedish media spread the word of the announcement, through Nyheter24.

RBI Press Release pdf.

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

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The Reserve Bank of India has concluded the Offline Retail Payments pilot that Crunchfish participated in together with HDFC Bank and IDFC First Bank. The project has been successful, and the solution may now be considered for adoption by regulated entities subject to compliance with applicable regulatory requirements.

Crunchfish in partnership with HDFC Bank and IDFC First Bank earlier during the year completed a joint project in the Reserve Bank of India (RBI) Regulatory Sandbox to demonstrate and pilot Offline Retail Payments. The pilot has been thoroughly evaluated and concluded by RBI. In an official statement from RBI dated December 11th, they state that the solution now may be considered for adoption by regulated entities subject to compliance with applicable regulatory requirements.

“India is the leading payment market in the world. This statement from RBI further strengthens Crunchfish Digital Cash as being highly relevant for the Indian market. It also supports our efforts with banks and payment services in India, as well as our dialogue with NPCI regarding UPI Lite X, the newly released framework for offline payments with UPI.", says Joachim Samuelsson, Crunchfish’s CEO.

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.

RBI Press Release pdf.

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

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Crunchfish AB (“Crunchfish”) Q3 webinar is now available, where Crunchfish CEO Joachim Samuelsson is interviewed by analyst Filip Stenberg from Västra Hamnen Corporate Finance.

The webinar about Crunchfish interim report for Q2 2023 is now available via the following link: Webinar Q3

Crunchfish interim report for Q2 2023 is available via the following link: Crunchfish Q3

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 30 November 2023 at 18:10 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, e-commerce, and the automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and a subsidiary in India.

Today, Crunchfish AB (“Crunchfish”) publishes the company’s interim report for the third quarter and nine months of 2023. Below is a brief summary of the report.

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 entered the quarter by signing our first commercial Digital Cash agreement with IDFC FIRST Bank in India. As a first implementation they decided to integrate Digital Cash telecom in their Digital Rupee app and it is now awaiting approval from the Reserve Bank of India (RBI) before release. This is a milestone, but the expected scale up has been delayed, at least in the short term, through the launch of UPI Lite X by National Payment Cooperation of India (NPCI). UPI Lite X adds offline payments to UPI and the Indian payment eco-system. A Non-Disclosure Agreement has been entered with NPCI to discuss how Digital Cash offline may complement NPCI products. This is exciting and an indication of Crunchfish Digital Cash unique strengths.”

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 Filip Stenberg from Västra Hamnen Corporate Finance.

In order to participate at this webinar, registration is done via the following link

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

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

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On Thursday, November 30 at 08.30 CET / 13.00 IST, Crunchfish publishes its interim report for Q3 2023. 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 by analyst Filip Stenberg from Västra Hamnen Corporate Finance.

In order to participate in this webinar, registration is done via the following link.

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

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 above for publication on 29 November 2023 at 09:15 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, e-commerce, and the automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and a subsidiary in India.

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