Årsstämma i Crunchfish AB (publ), org nr (556804-6493), har hållits i Malmö den 21 maj 2024. Nedan följer en sammanfattning av de beslut som fattades.

Disposition av vinstmedel samt ansvarsfrihet

Stämman beslutade att till förfogande stående vinstmedel om 144 629 474 kr överförs i ny räkning, att ingen utdelning ska lämnas, samt att bevilja styrelsen och verkställande direktören ansvarsfrihet för verksamhetsåret 2023.

Arvode till styrelse och revisorn

Stämman beslutade att styrelseledamöterna ersätts med vardera två prisbasbelopp och fyra prisbasbelopp till styrelsens ordförande (båda exklusive sociala avgifter). Reskostnader ersätts enligt bolagets gällande regler. Därutöver beslöts att revisorn ersätts enligt godkänd räkning.

Val av styrelse, styrelseordförande samt revisorer

Stämman beslutade i enlighet med valberedningens förslag om omval av styrelseledamöterna Göran Linder, Susanne Hannestad, Joakim Nydemark, Joachim Samuelsson och Malte Zaunders samt om nyval av Birendra Sahu, alla som ordinarie ledamöter. Göran Linder omvaldes som styrelsens ordförande. Stämman omvalde Mazars AB som revisor, även fortsättningsvis med auktoriserade revisorn Åsa Andersson Eneberg som huvudansvarig revisor.

Bemyndigande för styrelsen att fatta beslut om nyemission av aktier mm

Stämman beslutade bemyndiga styrelsen att under tiden fram till nästa årsstämma besluta om nyemission, emission av teckningsoptioner och/eller konvertibler, med eller utan avvikelse från aktieägarnas företrädesrätt samt med eller utan bestämmelse om apport eller kvittning, som (efter konvertering/teckning) innebär en ökning av aktiekapitalet om högst tio (10) procent baserat på det sammanlagda aktiekapitalet i bolaget vid tidpunkten för årsstämman 2024.

Incitamentsprogram för bolagets anställda och nyckelpersoner

Stämman beslutade om emission, med avvikelse från aktieägarnas företrädesrätt, av högst 750 000 teckningsoptioner inom ramen för ett incitamentsprogram för bolagets ledande befattningshavare, anställda och konsulter.

Protokoll från stämman

Protokoll från stämman kommer att publiceras på bolagets hemsida, https://www.crunchfish.com/investors/bolagsstamma/, senast under vecka 22.

Crunchfish AB (publ)

Styrelsen

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 on 21st May 2024 at 13:00 CET.

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

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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

“Crunchfish is a pioneer in offline payments. The technology that Crunchfish has been developing since 2020 can make all kinds of mobile applications more secure. It is finally possible to place trust in clients, regardless of which mobile device the user has. Crunchfish emphasizes this broadening of our offering by making “Trust in Clients” Crunchfish’s new tagline.”, says Joachim Samuelsson, Crunchfish’s CEO.

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 on 21st May 2024 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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Find attached the full Q1 report

Download as PDF

Crunchfish Gesture Interaction has signed a commercial follow-up agreement with OPPO Mobile Telecommunications – one of the largest mobile phone manufacturers in the world – wrapping up the collaboration around pose detection software in their mobile devices. The contract has a value of 1.5 million SEK and was invoiced and booked in March 2024.

OPPO signed an agreement in November 2022 at a value of US$500,000 for the use of Crunchfish’s gesture control software for pose detection in their devices. This new agreement marks the completion of this Crunchfish product, which has been installed and shipped with millions of mobile devices by Oppo.

“I am happy to wrap up the current collaboration with Oppo and the use of our pose detection software in their mobile devices in a positive way on favorable terms. We welcome new opportunities to work with Oppo again within our focus area, XR technology, in the future.”, says Patrik Lindeberg, COO at Crunchfish AB.

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

This information is such information as Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:30 CET on May 20th, 2024.

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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Download as PDF

On Tuesday, May 21st at 08.30 CET / 13.00 IST, Crunchfish publishes its Q1 report for 2024. At 08.45 CET / 13.30 IST, a webinar about the report will be hosted on Zoom where Crunchfish CEO Joachim Samuelsson will be interviewed by analyst Axel Dahlman from Västra Hamnen Corporate Finance.

During the webinar, the chat function will be active, and the participants will be able to ask question regarding the report. In order to participate, 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 15th May 2024 at 12:00 CET.

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

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Download as PDF

Crunchfish AB (“Crunchfish”) has applied for a strategically important and broad patent, protecting the use of device-agnostic trusted client applications for offline use cases in any mobile client / server system. There are multiple market segments where device-agnostic trusted client applications for offline use cases are of importance. The patent if granted will be valid for 20 years until May 2044.

Crunchfish patents device agnostic trusted client applications in mobile client / server systems. Any client / server system stands to gain, especially when assets are handled offline in the client. There are multiple market segments where device-agnostic trusted client applications for offline use cases are of importance. Payments is certainly one, but also for general wallets that handles various user credentials. Offline capabilities provide application resilience, faster response times and enables novel use cases and commercial benefits in diverse markets segments such as generative AI, mobile gaming, media consumption, and identification. Crunchfish is developing a platform for device-agnostic trusted client applications where Digital Cash for offline payments and the novel App-integrated Card Emulations (ACE) for tokenized card payments are the first two identified implementations. Additional mobile client / server applications will follow where the use case is either developed by Crunchfish or licensed to a 3rd party.     

In addition to enabling offline use cases, a trusted client application improves the overall security in the system. The server can rely on the client to perform certain security checks and validations locally before sending data to the server. This reduces the attack surface and vulnerabilities that malicious actors could exploit. It is also possible to offload security checks and processing from the server, leading to improved performance and scalability of the system. Authentication and encryption can seamlessly be integrated within the client application, enhancing the user experience without compromising security. Trust in clients facilitates also secure end-to-end encryption between the client and server, ensuring confidentiality and data integrity.

Application security is normally implemented in the server for client / server systems. With Crunchfish’s technology, it is possible to complement this server security with having trust in the clients’ applications as well. Trust in applications is based on the ability to handle data securely 1) during execution, 2) when stored, and 3) in transit. The execution is vulnerable because data must be decrypted to be processed. This requires a secure element on the mobile device. To avoid limiting the user base to certain mobile devices, the secure element must not be hardware dependent, but instead software-based in an app-integrated virtual secure element. Data is stored on the mobile phone in encrypted files. For data integrity, it is necessary to be able to detect if files have been tampered with. The security protocol of the application makes the encrypted communication secure whilst data is in transit.

“Crunchfish complements server security with trust in clients. Device-agnostic, pre-packaged superior client security that enables offline use cases in any client / server system. This is a ground-breaking innovation applicable to any mobile application”, says Joachim Samuelsson, Crunchfish CEO. 

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com

This information is such information as Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on May 3rd, 2024.

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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

Download as PDF

Crunchfish released today an upgraded version of the Digital Cash SDK which enables privacy by design for offline payments in CBDC and commercial payment systems. In parallel, Crunchfish has applied for a patent for its innovative privacy feature, balancing privacy with regulatory requirements for transactional traceability. Privacy is deemed a key feature in CBDC systems to be adopted by the public.

Privacy is a key feature for CBDC systems to be adopted by the public. Several ongoing CBDC initiatives across the world place privacy very high on the agenda, e.g. the Digital Euro project and the Brazilian CBDC pilot Drex. Crunchfish’s innovative privacy by design feature enables payers to make completely private payments for amounts below defined thresholds. A consumer who pays a merchant below a defined threshold amount would not disclose any personal information, neither to the merchant nor the intermediary or Central Bank. With Crunchfish Digital Cash the payer enjoys a similar level of privacy as paying with physical cash.

Highlights in the upgraded Digital Cash SDK version 2.5 include:

• Privacy by design – Balancing privacy with regulatory transactional traceability requirements
• Secure time – Increasing security in the payment timestamp and preventing users from changing the device time to use expired or not yet valid certificates
• Improved certificate management 
• Enhanced fraud detection capability and fraud management
• Increased security
• Improved integration support – enriched documentation and new backend components

“We have released many new features based on requirements from CBDC and other offline projects. Our development team has been working hard to meet the requirements from the market and the pilots we have been running. I’m really proud that we now can offer privacy by design as we know this is a key requirement in many CBDC projects.” says Magnus Lageson, CPO at Crunchfish Digital Cash.

The upgraded Digital Cash version 2.5 will be made available for all customers through the Crunchfish Developer portal. 

In parallel with making this upgrade Digital Cash version available, Crunchfish applied yesterday for a Swedish patent for balancing regulatory requirements for transactional traceability with true privacy through encryption of transactional information for amounts below defined thresholds, defined by the issuer and the regulator, using wallet keys. The patent if granted is valid for 20 years until April 2044.

As further background on privacy Lipis Advisors in collaboration with Crunchfish released in May 2023 this whitepaper on privacy considerations in offline payments systems.

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 April 24th 2024 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.

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