Crunchfish has today signed a development agreement with a customer in Asia Pacific to develop a Proof-of-Concept (POC) with Crunchfish’s latest gesture technology. The project will be implemented during Q4 2021 with the goal of showing the results at a trade fair in the first quarter of 2022.

The customer is based in Asia Pacific and develops solutions for the AI technology industry with customers all over the world. To ensure a good technology fit and a market interest, the parties will work together to develop a POC that enables interaction in a car using hand gestures. Both companies’ technologies will be built together into a joint solution before an event during the first quarter of 2022.

For reasons of confidentiality, it is currently not possible to disclose the company name, but hopefully a successful joint POC project will lead to an official announcement of the collaboration. Revenues for the project are not fixed but estimated at around 53kUSD where Crunchfish will be able to charge for time and materials. A successful project can lead to greater revenue.

“We are very excited about this project since it can open up a new business segment for our gesture interaction technology. The global AI technology industry is changing rapidly, which requires new innovative solutions. It is therefore an exciting business to get involved in”, 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

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.

Download as PDF

Crunchfish Gesture Interaction AB (“Crunchfish”) enters a license agreement with Lenovo (Shanghai), to enable gesture control in initially Lenovo’s DaystAR New G2 AR glasses. Lenovo will integrate Crunchfish’s software in their commercial AR glasses to enable touchless navigation using hand gestures. It is a 3-years agreement, with a business model that is mainly based on a running royalty per produced unit including Crunchfish’s software.

The agreement gives Lenovo the right to use Crunchfish’s gesture control technology in AR glasses and Smart glasses worldwide over the next 3 years. Lenovo DaystAR New G2 is one of Lenovo’s latest AR glasses targeting enterprise and industrial markets. With the glasses connected to a smartphone or PC, the user can interact with a large virtual screen that not only adds a better user experience, but also provides a lot of new features. By adding gesture control, the users are in full control of the glasses without touching any physical buttons or screens.

Crunchfish XR technology enables an exceedingly precise and flexible interaction solution to control virtual objects or menu systems. To achieve an experience that is as realistic as possible in augmented reality, extreme accuracy is required of how the software interprets the movement of the hand. Crunchfish’s XR technology is optimized for AR glasses and VR devices but also supports interaction with mobile phones and public screens.

Lenovo is focused on a vision to deliver smarter technology for all. By designing, engineering, and building the world’s most complete portfolio of smart devices and infrastructure, Lenovo is also leading an Intelligent transformation – to create better experiences and opportunities for millions of customers around the world.

“We believe the user experience and an intuitive interaction is crucial for the success of our AR glasses why Crunchfish’s gesture control technology is an important part of our solutions”, says Karl Lu, Senior Manager at Lenovo Research.

“We are very proud that Lenovo – a global AR and consumer electronics company – has decided to use our gesture control software in their portfolio of AR glasses. To pass Lenovo’s rigorous evaluation process, further confirms the performance of our software and we are delighted to add touchless gestures to the AR experience for their users”, says Joakim Nydemark, CEO at 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

Erik Berggren, IR Manager
+46 726 01 16 73
erik.berggren@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 June 16, 2021.

Download as PDF

A webinar about our Q1 2021 report together with Alf Riple, Chief Analyst at Västra Hamnen Corporate Finance.

Today, Crunchfish AB (”Crunchfish”) publishes the company’s interim report for the first quarter of 2021. 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.

A comment from our CEO Joachim Samuelsson
”Digital Cash is the future of Digital Payments. Card, instant and crypto are the three digital payment schemes of today. In addition, central banks around the world are planning to digitize cash as Central Bank Digital Currency (CBDC). Crunchfish Digital Cash Wallet xoxo.cash compliments all of these schemes with a robust, interoperable and exceptionally flexible payment service, replicating the properties of paying with physical cash. This is the digital payment of the future and the solution to exploding transaction volumes and financial inclusion worldwide.”

Crunchfish also announces that the company has decided to streamline its marketing communication and starting today, we will provide press releases and financial reports in English only.

At 09:00 CET/13:30 IST, a live webinar about the report will be hosted on Zoom together with Alf Riple from Västra Hamnen Corporate Finance. To participate at this webinar, registration is done via the following link:
https://us02web.zoom.us/webinar/register/WN_g_qW6OpCRfqDLOUZL5G2bA

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

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

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 May 19, 2021.

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 technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. Crunchfish has 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.

On Wednesday, May 19 at 08:30 CET/13:00 IST, Crunchfish AB (“Crunchfish”) publishes its interim report for Q1 2021. At 09:00 CET / 13:30 IST, a live webinar about the report will be hosted on Zoom together with Alf Riple from Västra Hamnen Corporate Finance.

In order to participate at this webinar, registration is done via the following link:
https://us02web.zoom.us/webinar/register/WN_g_qW6OpCRfqDLOUZL5G2bA

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

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 technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. Crunchfish has 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.