Hello, and welcome to Zwipe's first half 2023 result presentation. I'm Robert Puskaric, the CEO, and today, with me, I also have Danielle Glenn, our CFO, that will help me with a part of this presentation. So if we embark on the presentation itself, so the agenda today is straightforward. A bit of introduction and key facts, and we will have Zwipe in brief to refresh what we are actually doing, an operational review, a financial review, and then the way forward. And we will end the presentation with opening up for a Q&A. Embark on the first section of the presentation, the first half operational achievements. For Zwipe Pay, we have managed to commercially launch two issuers that we have communicated broadly to the market, both of them coming from Middle East, and it's KIB and MEPS that we have talked about before. We have also been able to sign eight new partnerships in the APAC region, and now that means that we are covering 10 countries in the APAC region. We have also communicated and achieved a fully functional mobile enrollment solution that is now available both on Android and Apple. We are also providing an SDK for issuers so that they can integrate it into their normal banking apps. On Zwipe Access, we have multiple PoCs that are underway. These are being performed in key verticals in the U.S. and in the Nordics, and we have a lot more lined up for the second half of this year. As earlier communicated, a PoC with Richmond Airport in the U.S. that has been initiated by Civix in conjunction with Safe Skies has commenced and is still ongoing. Hopefully, we will get a report out of Safe Skies and recommendation how they want to continue. We have also signed three new distribution partners in the U.S. and Europe, and these are the ones we have been able to name. We have a lot more of them, that we are working on, that we can hopefully publish and tell the market, which ones we have signed. So, highlights for first half 2020, 2023 when it comes to financials. Danielle will go deeper into this section, but to give you a little bit of information here, we managed to raise another approximately NOK 100 million during Q1. And that meant that when we closed our books, at the end of Q2, we had a cash position of NOK 76 million, versus 50.5, where we then ended 2022. As communicated, we have also done a major restructuring, in order to adapt to the market situation that we have. That means that we are, on an annual basis, lowering our cost with NOK 35 million, and that is basically coming down then from a monthly burn rate of NOK 9.9 million in the first half, where we then expect, with the measures that we have taken, that we will lower that 30% in the second half. Adjusted EBITDA of minus NOK 54.5 million versus NOK 41.2 million in the first half of 2022. Revenues of NOK 1.7 million for the first half of 2023, where we then do expect that second half will be much stronger than the first half. Okay, so let's move on into Zwipe as a company in brief and what we offer. As you know, we are having a two businesses built on the same core technology platform. On the Pay side, we are delivering a secure and fast, intuitive authentication experience when you pay. It's a single silicon platform that has the highest level of component integration and is the most future-proof platform available out on the market today, that is certified on both major schemes in the world, and that also comes with a mobile enrollment solution. But not only that, since we also have envelope and sleeve enrollment solutions. On the Access side, it's a complete access control solution for enterprises that is then highly increasing the security on the sites. And it's certified by market-leading access control systems. We are also then benefiting, of course, of the rigorous tests that Visa and Mastercard are having in the payment space, which makes our card very robust and durable. Okay? So, moving into the Pay market, there is a growing number of biometric payment card pilots and launches that have been announced. And as you see, in this picture, last year there was in total 14 pilots and commercial launches that had been communicated. This year, year-to-date seven. O ut of these seven, six of them are commercial launches, and one is a pilot. And the good thing, and the encouraging thing is that Zwipe has managed to secure two out of six commercial launches, which are the ones that we earlier mentioned, meaning KIB and MEPS. Right now, 30% of what is launched belongs to—or more than 30%, belongs to Zwipe. So we of course feel that we have a good momentum, and are working with the right customers to secure the opportunities that are out there. Okay, moving into more of a general market outlook, that is then what the analyst thinks about the biometric payment cards. That has not changed. It's still 1 billion cards to be shipped within a decade, meaning basically 30% of the EMV cards shipments in total. However, given that the market uptake has been somehow slower, which is very disappointing, yes, I understand that for us. That means that the whole curve here have shifted out, and slid out a bit to the right. But we continue being optimistic, and saying that, and believing in that, the inflection point is still going to happen, this year. Let's take a look at the Access market, if we can get the next picture. The global Access market, and this is also numbers that we have presented before, that smart card readers, because the readers are the key, will be the dominant type of readers that are deployed. And in 2024, the estimate is around 11 million readers that are deployed. And this then means that approximately 460, basically half a billion cards, will be shipped, smart cards will be shipped, during 2024. This is a big market, and a very important market, important market, and it's of course increased by the, it's fueled by the increased demand for security, which is worldwide. Okay? So, looking at the H1 operational review, meaning more, you know, what we have been doing. On Pay, I think it's good to reiterate a little bit on, you know, where we are in the value chain and how we work. We are working with all the partners in the value chain. And you see where we are. We have labeled ourselves as a system integrator, meaning that we take partners, components, software, and we integrate that to a functioning solution, which becomes, you know, a one-stop shop for our customers, meaning the card manufacturers. We on top of that offer and have developed a mobile enrollment solution. We, as a company, have obtained certifications from both major payment schemes on the solution that we have built, right? Our customers are the SCMs, meaning the ones manufacturing the cards and selling them to issuers, primarily being banks. The banks are not our customers. They are the customers of the SCMs, which are our customers. So, having said that, we of course are in dialogue with many banks and issuers, many payment processors that we have signed agreements with, collaboration agreements, personal bureaus and SCMs that we communicate when that occurs. So we are working throughout the value chain to support everyone so that we have a frictionless route to launching biometric payment cards. I think that we are doing that best in the industry with the feedback that we are receiving from the parties that we are interacting with in the value chain. Okay? So, when it comes to what we have done, yes, the market is adapting slower than expected for biometric payment cards. And that is not something that is only hitting us, it's affecting everyone in the industry. And everyone in the industry is working really hard to move the needle and to get more issuers/banks to start adopting and issuing biometric payment cards. It's happening slower than expected, but it's still happening. And while the market is maybe slower than expected, we have, of course, continued working hard. We're doing what we can in the meantime, preparing for the market to come. So, if you look in APAC, we have signed eight SCMs and personal bureaus in eight countries in Asia. That means now that we have presence with personal bureau and/or, SCMs in 10 countries in Asia. And of course, now the second step in that is that during the second half of this year, we are then, together with the SCMs, meaning our customers and the personal bureaus, doing roadshows, road trips, together with them, hand in hand, to different banks, in order to promote, our solution, but also the solution of our customers that have now taken on our solution. The good thing in Asia also is that BCC, which has been a customer of ours for quite some time now, they have also now received their Mastercard certification, meaning that they are the second SCM that is now fully certified on both schemes. In Europe and Americas, our SCM partners are making good progress with issuers, very encouraging, and we expect that we will see several issuers that will sign up and hopefully launch during the latter part of this year. If you look at different type of issuers, it's specifically the fintechs that are showing stronger interest in taking up and pushing new technology, which is maybe not so strange. We expect that a few of them will actually launch during 2023. The earlier communicated Nordic Bank and the Tier 1 bank, those pilots are still ongoing, and the pilot that we have with a Mexican bank and the SCM partner that we have in that aspect, they are also still active and progressing, even if that have taken a little bit more time than expected. In Middle East Africa, yes, there we have announced, which we are very proud of, our first customers, which are two issuers then, KIB and MEPS, that have and that have been very, very good response from the market. Now they, even if they started with their kind of most prominent and highest rank of customers, now they are spreading it down in the customer base and wanting to make it available for bigger and bigger chunks of their customer base. Since I think that we did a very good launch together with both the banks, but also together with Visa and with our SCM partner in the region. We have generated a lot of media coverage, both on, you know, traditional media, but also on social media. That has generated a very high interest among other issuers. Now we have a ripple effect, where we see many partners and other SCMs and issuers that want to be in dialogue with us and see on how they can come quickly to the market with their biometric cards, since issuers in their regions have actually launched. And we still have one ongoing pilot in that region that we expect to launch soon. On the technical progress, again, I have said it many times now, but I think it's worth mentioning because we are the only one, to my knowledge, that have a true mobile enrollment solution that is widely available. And when I say widely, go out and check on Google and App Store, Apple Store. You can actually download our app. It's no fuss. I mean, it's not like we show it only on trade shows, but you can't find it. You can download it yourself, and you can enroll yourself if you have a biometric card available. So to my knowledge, we are the only ones offering that. Not only that, we are also offering an SDK so that our customers, customer, meaning the banks, can start integrating the mobile enrollment into their existing and native banking apps that almost every bank have today, right? We have also refreshed the payment schemes certifications on the latest software release that we have, which is version 1.1. We have renegotiated some of our agreements with component suppliers, and so that is good for the future as well. We have enhanced manufacturing guidelines in order to help our customers, SCMs, achieve maximal yield and throughput on their machines producing our cards. So Zwipe remains optimistic for 2023 because we do see more pilots, more engagements out there, and hopefully, that means that we will see more commercial launches in the regions where we are active. You know, the industry leaders, meaning sometimes our competitors, also work hard in order to create this market. So we still believe that the inflection point is in 2023. Then we are into Zwipe Access, where we are very active now. I can say that even if we have had a restructuring, this is an area where we have actually added competence, both on board level, but also on operational level and on the field. Because this market is very important, and it is existing, and we get very good response, when we talk to different parties, that are existing in these value chains. The value chain is somehow different. Go-to-market is different, the players are different, and they are very much country-specific, versus on the Pay side, where you do have players that are more regional or even global. So, here, we are actually manufacturing a complete card, that is then ready, fully functional, to be shipped to different type of distributors, system integrators and installers. Of course, our cards works with different type of systems or system providers, being, you know, HID and LEGIC entrance solutions with their readers, where we are fully compatible. So, far out to the right, the end taker of this is enterprises. So, I think as we have talked about, a lot about security and access, this is in reality corporate cards that people have around their neck for different type of purposes, working in any enterprise. And of course, it's the more, it's the more security sensitive verticals that will adapt these new technologies first. We are convinced that this will spread pretty widely because you want to really, really, really know who was it that opened that door or did something in a production process, in order to have better security in all aspects. Okay, what have we then achieved in Access for the first half year? We have made significant progress, considering where we started, in Access. Because I would say that the main track when I joined Zwipe was Pay, and this was something that we did on the side. I think that this is an equally important part of what Zwipe is doing today. A lot of focus on Access. In Europe, we have signed a number of go-to-market partnerships with the system integrators, value-added resellers and distributors, both in Germany and in the Nordics. And all of this is, of course, to accelerate the deployment and spreading our technology to more and more sources and verticals for the second half. We have also a number of go-to-market partners that we have not been able to announce, that are in the pipeline of signing distribution agreements, where we today maybe have more of a MOU signed that we have not communicated. And many of those are doing proof of concepts today, or we have proof of concepts lined up in the pipeline, particularly in Sweden, I would say, when we talk about Europe. We expect commercial deployments within soon in Europe and also in Sweden. Fraport, that we have talked a lot about, we are engaging together with a partner that we have not publicly announced in Germany. They and us are engaging with Fraport, but it looks like the adaptation of biometric access control solutions is not going to be a big bang, but rather more of a gradual introduction process into their kind of daily life. But the opportunity is still there, and we are working hard on Fraport and other airports in Europe. In the Americas, we have communicated, you know, what we have done with Civix, and Civix have initiated with Safe Skies and a proof of concept that is taking place at Richmond International Airport. That is still ongoing, and where we hopefully within soon will get positive feedback and a recommendation to all the members of Safe Skies, all the airports that are members of Safe Skies, on how they should increase security on their airports. We have also signed go-to-market partnerships with CardLogix and OLOID to accelerate the deployment of our cards into the market, North America. And there are many other large go-to-market partners that are in the process of signing, and they are performing different type of PoCs now in order to sign distribution agreements and start pushing our solutions. These are large partners, well-known enterprises that are active in the security space. So we see that having, you know, a large number of partners and a large number of PoCs, proof of concepts, that we are performing in first half and second half will, of course, sooner or later lead to commercial breakthrough and orders for our access solution. Technical progress, yes, we have, you know, all the partnerships established with loading applets for HID sales and LEGIC advanced technology, which is necessary. We have, as I earlier stated, added people, even if we at the same time have been cutting down on resources in order to get down in costs. We have seen this as a prioritized area where we have actually added headcount in order to move faster. Okay, so, by this, I will hand over to Danielle, our CFO, for a financial review. So, Danielle, the floor is yours. Yes, thank you. We can just jump right into the first slide. So there's no denying the fact that, revenue growth was not as strong as we would've liked, in the first half of 2023. So we were up 113% versus the first half of last year. But the kind of strong quarterly momentum that we saw in the second half of last year, and that we would've liked to see continue, hadn't been maintained. As Robert has alluded to, you know, things are just moving more slowly than we would've liked to see. But with commercial launches and the prospect of, of more in the second half, we are confident that the second half of the year, particularly the fourth quarter, will be very strong. Certainly much stronger than anything we've seen before. Looking at adjusted EBITDA, Robert gave you the headline figures in the highlights at the start of this presentation. We were at minus NOK 54.5 in the first half of 2023. That was up from minus NOK 41.2 in the first half of last year on an adjusted basis, and this is largely accounted for by the fact that we did hire a lot of people in areas like customer success in anticipation of launches that, you know, we haven't seen yet. And then with the announcement of the June restructuring, where we have unfortunately had to lay people off, a lot of that well, all of that hiring has basically been reversed. Our cash position was obviously strengthened by the rights issues. At the end of last year, we had NOK 50.5 million on hand, and at the end of the first half of this year, we had NOK 76 million. Obviously, the fundraising was carried out to ensure broad, wide scale-up of the organization, which we are still confident we will see. And I think this is perhaps, you know, the most indicative slide of where things stand. Our operational burn rate in the first half of this year was minus NOK 9.9 million. It's pretty stable versus the second half of last year. You know, but it's up from the first half of 2022 because we did, as I said, engage and hire people. What we're gonna see in the second half with the announcement of the restructuring, we, you know, we have laid off 15 people, which was very unfortunate for us to do as a leadership team. And we have, you know, cut other costs in things like, you know, marketing and travel. We are closing some offices. So it's been a difficult process, but one that had to be undertaken, given the current market environment. And certainly, the main message that we wanna convey here is that the development efforts on both Zwipe Pay and Zwipe Access are largely complete. So we, as an organization, are shifting our efforts kind of away from development, pure development, towards commercializing. So we're focusing our efforts on sales, really, and hopefully that will come as soon as the second half of this year. Again, as Robert alluded to, the cost-saving initiatives for this year are expected to save us about NOK 14 million in total versus last year. And on an annual basis, will save us about NOK 35 million. And, the full impact of the changes that we have made will be seen from the fourth quarter of this year. So that is it on the financial presentation, and I will hand it back over to Robert, who will outline the way forward for Zwipe. Thank you, Danielle. The way forward. Okay, so if we get goals and priorities, I mean, of course, everything we do now, not everything, but most of the things we do now are of course targeted in order to achieve the market traction that we want to have. So the first two bullets are, of course, you know, accelerate the execution of pilots and work with our customers in order to line up more pilots, and launch faster, together with issuers, right? And the second one is, of course, accelerate commercialization of our access solution, building the different channels, building the market, the go-to-market, with our different partners that we have in Europe, the Nordics, and North America. Generate as much revenue as possible as at the same time, kind of holding back on the burn rates and making the money last as long as possible, so that we can extend the runway with the cash that we have as long as possible. We still have a number of SCMs that have signed with us that we need to help to get their proper certifications and to get them delivery-ready, meaning that they can get their machines and manufacturing capability and capacity up to produce and ship cards, right? And we are, of course, carefully also adding a few customers along the line, meaning SCMs, right? We are filling the pipeline on Pay, which we have then communicated to you throughout this first half year, specifically in APAC. But on Zwipe Access, of course, we are working hard with adding distribution partners and system integrators in the countries and the verticals where we want to be present. One can tend to believe that there is no R&D needed at all anymore. That's not the fact. We are not pouring money into R&D to kind of bring a new solution forward. But the solution that we have, of course, we need to maintain and make our solution, you know, as good as possible in all aspects. That always requires, you know, tweaking, working alongside our customers, with customer support, with our R&D resources. So R&D is still there, but we are not, you know, putting a lot of efforts into bringing new solutions forward. We have a solution which is the best available solution that is certified with the highest level of integration in the market. We are pushing that solution out now as hard as we can, together with our customers, to create this market on both Pay and Access. And we will continue doing that in second half. So, with that, we end the presentation, and we move into the Q&A section, where you can ask questions. And I know that we have already gotten some questions sent to us, as well. With that, thank you for the formal part and moving into the Q&A. Okay. So, let's do this Q&A then. And, me and Danielle are here to answer questions, and we have received a few of them. So Danielle will read them out, and we will do our best to answer them. Okay. A lot of the questions are along the same lines. The first question, I'm curious about the progress of commercialization. You continue to say the commercialization is imminent. I'm hoping for answers to gain more clarity and a better understanding of the situation. I think the first thing we need to say is that we are not happy in any way with the current situation. Of course, we have been working hard and hoping and planning for having a adaptation to biometric cards happening faster than what's the case currently. But it's not so that we have not progressed a lot. I mean, the commercialization is happening, but it's very much right now up to the banks to be ready to hit go and to launch cards. Because there have been several pilots out there that needs to be converted to decisions to actually launch now. It's not kind of any failure from our side, that the market has not taken off, because it's just slower adapting to biometric payment cards than anyone have anticipated. It's not what we are doing as Zwipe or not doing as Zwipe. I mean, it's the whole industry. It's all our partners and competitors that are pushing to make this happen. When it happens, we should also understand that what we have seen now is very small volume of orders, right? So it has been mostly linked to pilots and minor launches, if they have happened commercially. But when this happens, of course, it will be tens of thousands and hundreds of thousands of cards that will be shipped. So, I mean, Zwipe's revenue in this case will grow rapidly. So it will be, you know, you could, you can make the analogy of a ketchup effect, that you hit the ketchup bottle, and when it happens, it will happen to a great extent. So, as we also said in the presentation itself, I mean, there have been six commercial launches for the first half of 2023, and we have two of those. So, I mean, we have done a great job considering the weak market. But are we happy with the weak market, and is this something that, you know, we are, that we can continue living with? No. I mean, the market needs to take off, and we are working hard to do that. So commercialization is happening. We see proof points on that. And it will pick up. We see signs off, and we are then ready to capture that market. So you have to distinguish with all the activities that we are doing that is in our control, and the decisions that issuers, meaning banks, need to do and decide on, which is hitting the big go button to launch. I hope that I answered that question. Yes. The second question that we received is quite long. The first part of it is related to commercialization, is around the corner. But the second part, which I think you just covered, Robert, but the second part of it is about, I presume you have constant dialogue with issuers regarding the topic and their view on possible implementation, and it would be interesting to know how Zwipe works with partners, et cetera, to reach commercialization. Yeah, as I said just a few minutes ago, when we talked about the value chain, right? Our role in the value chain on where we are and who we are working with, I mean, we are supporting everyone in the value chain, right? We are supporting the SCMs in order to be able to build cards with a high quality to obtain the Visa, Mastercard certificate, good yield in the production, and high throughput. We are also working with personalization bureaus so that they have the scripts ready to go, and in many cases, that has been kind of pre-developed as well. So it will be kind of a smooth implementation and uptake in the market. So we are working alongside everyone in order to have everything ready end-to-end, so that when the issuers, the banks, makes the decisions to go for commercial launch, everything is ready, and we can produce and ship both components and cards in hundreds of thousands of units. Okay, and the next question again is related to that one: Where in the distribution channel do we find hurdles and bumps? From a technical point of view, from a production point of view, from a component supply point of view, there are no hurdles or bumps. We are fully ready to support the market and ultimately the card issuers, the banks, with everything that is needed. As I also said, the mobile enrollment is also ready to go, which is a prerequisite for this market to take off. So everything is lined up in order to make this happen. What the hurdles and bumps are is that the decision-making from the banks is taking longer. I mean, the banks normally are not kind of known as fast movers when it comes to new technology and new implementation, except the fintechs. That's why I also stated that we see signs that the fintechs in primarily Europe are going to move and are moving much faster, and that we will see, hopefully, a few of them launching in the second half. So the hurdles and bumps are not on the technology or supply or ability to manufacture cards. It is the decision-making in the banks that is taking longer than expected. Okay, and given all of what you just talked about, you know, why does, why does Zwipe continue to think that the inflection point is near? Because we are talking to everyone in the industry. I mean, of course, we are, you know, from time to time, also talking to our competitors to understand, you know, what they are doing, not that we're disclosing any secrets to each other. But you know, what type of traction do they have and what type of traction do we have? Because we all have a common interest of building this market. Of course, we are talking deeply with our customers, the SCMs and personalization bureaus around the world. And in some cases, not in all regions, I should say, we are talking directly to issuers. In some cases, our SCM customers, our customers, are bringing us along to talk to the issuers, and in some cases, we have the relationships directly with issuers as well, but not in all countries and all geographies, and we have to respect the way our customers want to work, right? With all this information and all, we still see that the inflection point is this year. So we are confident that second half, we will see an uptake in number of launches and in quantities of cards shipped and then invoiced for us. Okay. Again, when do you see real commercial orders for both Zwipe Pay and Zwipe Access? It's along the same lines, second half, 2023. Do you wanna speak a little bit more about access control and what kind of progress we are having there? Yeah. I mean, is it any specific questions? Because I think that, I mean, on access control, it has been largely about signing up partners. Because, I mean, with the small size that we are having as an organization, there is only so many enterprises that we can reach out to, to try to persuade them to, you know, enhance their security by introducing biometric access cards. In this industry, we have learned that it's extremely important to have partners, go-to-market partners, who are the ones that are crafting and proposing the different type of security solutions for enterprises. And then we have enterprises in many different verticals, pharmaceutical, the airline industry, telecom operators. I mean, the system integrator partners and installers are typically very much local. So they are local to kind of the country or, you know, which part of North America. But then you have others which are, you can say that they are more like companies that are personalizing the cards and loading certain things on the cards. They could be more regional, meaning that they can serve more than one country. So for us, it has been important to do two things on Access. One thing is building the go-to-market channels, and wanting them to work with us, pushing our technology, being the ambassadors out there as well. At the same time, we are then working on some key opportunities together with our partners that we have selected, and then we have brought a partner into that as well, because we want proof points of live deployments quite fast. And Fraport is one of those, right? Because that is a named enterprise that has shown interest to our cards. But of course, in order to pursue that opportunity, we have signed up a major player in Germany that is a credible partner to the airline industry, among other industries, that we need in order to do large-scale rollout and deployments. So, we are building the base, a wider base, to be able to address a lot more over time, at the same time as we are pursuing single opportunities that we have identified. Robert, you talked in the presentation about the fact that when you joined, Zwipe Access was not really considered to be, y ou know, it was kind of a side business to what we were doing in Zwipe Pay. Can you talk a little bit about how, how Zwipe Access fits into kind of our overall plans now, and why we think that that market will be faster to happen, perhaps, than, than we've seen with biometric payment cards? Yeah, I can do that. When I joined the company, it was all the talks were only about Pay. And as you say then, Danielle, I mean, Access was some kind of side business that we were doing because we could reuse the same technology and the same card by loading a different applet on it. But just by loading a different applet doesn't create a market, right? So very little effort had been done in order to build the Access go-to-market part, which we have then focused extensively on throughout, you know, late 2022, and now during 2023. And we are building that market, and we are lining up partners both in Europe and North America. You can also see a number of the press releases that we have done. So, we have designated people that we did basically not have when I joined, working only with Access. And even if we have been cutting down on staff in order to extend the runway of the money we raised, we are investing in the access space. So we have added competence in the access space because we believe in the access space, and we are getting very, very good feedback from the different partners where we are engaging that really, really believe in this. You have a clear kind of feeling that this is something that is needed in order to combat the current kind of worries in society, where security is pretty high on the agenda. There is no kind of resistance and very little competition, I would say, in this space. But again, we are coming basically from nowhere and now making our way into the go-to-market channels for supplying cards, and specifically then biometric access cards. And I think that one thing is talking about access card and security, I think we should talk about enterprise cards, because this is like something that people will have around their neck, and it can fulfill many different purposes from a kind of an authentication point of view. And enhancing security is only like one thing that you get. You can get time and attendance, you can get, you know, opening, having it implemented for specific use cases, where you want to increase security and really know who is opening what and so on. So I think that we have only scratched the surface on Access, and we have some promising opportunities that we are engaging in. And I can't disclose, but we have very prominent and interesting partners that are evaluating our technology. And I hope that we will be able to communicate more, and that they will select our technology for a more widespread deployment in their kind of daily work. Great. Thank you, Robert. I think this next question is for me. And what are you doing about the plunge in the stock price? I mean, unfortunately, we do not control the stock price, and it is up to the market to make informed decisions. I mean, our largest investors continue to believe in our story, as evidenced by their participation in the rights issue, and we continue to focus on the business and trying to commercialize in both Pay and Access. We will release news when it is relevant for the market to make informed decisions. We have always done that, and we will continue to do that, and we maintain a continuous dialogue with the market through reports like this and presentations, another one that Robert is making later today, news that is published on our website and as various other channels. We are maintaining the dialogue with the market. We certainly understand the frustration that, you know, the market for certainly biometric payment cards has not taken off as fast as anyone thought. But again, as Robert pointed out in his first remarks, when banks do make the decision to go, whether it's one bank or 100 banks, we do believe that there will be something of a domino effect, where banks will follow each other into this space. And we need to remember that banks have hundreds of thousands or millions of customers, so we're, we will not be talking about a small market. And this is why you see the analysts, you know, forecasting that there's gonna be 1 billion biometric payment cards deployed within 10 years. On the access control side, you know, again, Robert just talked about this, but we think that we see lots of different players getting involved in this industry and establishing it, because obviously everybody is seeing the need for increased security that biometrics offers. So I think hopefully that answers that question. And then the next question, I guess, is also for me, and that is: Will and when there be another round of fundraising? I mean, frankly, we can't say right now if or when that will happen. It will depend upon commercialization in the coming quarters. We are certainly doing everything that we can to manage our funds very, very carefully while we wait for market adoption to happen. That was certainly the reason why we announced this streamlining plan that we did in June. You know, the streamlining plan that we announced, it really was across the board. We laid off, you know, a third of the company. We closed offices and subsidiaries. We've cut virtually every area of OpEx. And obviously, the hope is that we're scaling the company back up at the same pace in 6 months or 12 months because we start to see the traction we have, that we have always believed will occur again, we continue to believe that we're well positioned to be a leader in the, you know, the biometric card space. So we are managing our funds as carefully as we can, and if or when we will do another round or fundraising can't be said clearly right now. I think that is actually it on the questions. I'm just looking. There's one more question here on, "Are you using the same technology and sensor for Zwipe Access? Answer is yes. Yeah. Okay, should I just kind of make a closing remark? Yes Or round it up? Please do. I mean, I do understand that people are disappointed. I would say that we have been working and also planning for the market adaptation to happen faster. So, is it disappointing to us, working in Zwipe? Absolutely. We are not happy with the situation at all. Then the question is, are we doing what we can to prepare and be ready for the market adaptation to biometric payment cards that we still believe is going to happen, and the inflection point being this year? And the answer on that question is yes. I think that in this report that we are releasing today, even if the financial part is not impressing you, I think that, you know, only with the amount of SCMs and personalization bureaus that we have been able to sign up on our technology in Asia is impressing. We are now covering basically all bases on all major markets in Asia. We are extremely well-covered with the partners we have in Europe, and in MEA, we have been able to commercially launch with our partners to issuers and created a tremendous media coverage that now have a spillover effect to many other issuers, and also SCMs wanting to work with us. So we are pushing, trust me, as hard as we can. We are signing partnership agreements and customers in every corner that is possible for us to do, given the size of our operations. And we are supporting our customers to be ready to be able to ship cards based on our technology as soon as the banks decide on a go for commercial payment cards. So we are not sitting still just waiting for the market to happen, if that is the belief. Absolutely not. But there is also just a certain amount of influence that we have on the issuers. In some cases, we have very good relationships through the people working for Zwipe with issuers. In other cases, our customers, SCMs, don't want us to talk to issuers, and in some cases, they bring us along to talk to issuers. So it's different from different countries, from country to country, but we are doing everything in our power to support our customers in the form and fashion that they want to work with us for their customers. And more than that, we are then on the Access side, building a very, very good platform for being able to roll out our biometric access cards. And there we will present news also during second half on deals we are winning with our partners. So I just ask you to be patient. I know that the share price is not trading on any nice levels, but we are trying to establish this market together with our partners, and not only Zwipe and our customers and partners, but the entire industry pushing biometric cards has the same objective, meaning creating this market with issuers, but also normal enterprises for access cards and increasing security. So with that, I would say thank you for this session, and talk to you soon again. Thank you very much!