Stockholm, Sweden. iZafe Group AB (publ.) (NASDAQ First North: IZAFE B) – a leading life science company in the digitalization of medication management – announces that it has completed a pilot project with the healthcare company TioHundra AB. The pilot has been in progress for two months in TioHundra's operations and care services. The result of the pilot project will identify areas where welfare technology can contribute to a more efficient and safer operation at TioHundra in Norrtälje municipality.

The purpose of the pilot study was as follows:

  • To be able to offer an independent life at home based on a safe life for users with a reduced risk of incorrect medication and for relatives’ increased security with the support of remote monitoring.
  • To relieve staff in the business because the introduction of a pharmaceutical robot will save both time and resources.
  • To ensure coordination of functions with the company's drug signing to avoid double registration / work. Based on the three goals above, both iZafe Group and TioHundra have worked to implement Dosell in their daily operations. The three goals for the pilot were not fully met during the pilot's term, however, it was clear to both parties that they would be achieved over time as the ongoing corona pandemic has exposed the business to enormous pressure on the daily workflow and administration.

"It is estimated that these goals have been achieved over time." – Final report Dosell

In its entirety, the pharmaceutical robot Dosell has been assessed as a good solution for relieving the daily activities within TioHundra AB, where it has been possible to use working hours more efficiently as medication as a work step has been completely eliminated during patient visits.

“The collaboration with iZafe Group has worked well based on our conditions under the prevailing circumstances. The pilot study has given us good experiences for our continued work with business development and more specifically the introduction of welfare technology.” says Laila Lindroth, administrative manager of TioHundra.

iZafe Group has also been able to receive input for future development of Dosell, which is now used in the ongoing R&D work.

"This is an example of how the pandemic affects not only us but many others who deliver welfare technology. The interest is greater than ever, but customers do not have time to prioritize new technology and new solutions. The positive thing is that, even if decisions and deliveries are postponed, we are building up a sharply increasing interest that we look forward to delivering when society and healthcare return to a fairly normal situation. With a rapidly increasing degree of vaccinations in the risk groups and among the elderly, we see in front of us that this is happening in the near future. We are very positive that we have focused on building strong relationships with partners and customers and developed Dosell during this time.” says Anders Segerström, CEO of iZafe Group.

About the pilot project
TioHundra’s aim for the pilot project is to allow patients/users to manage their medication themselves, thereby increasing their independence. Digital tools such as medication dispensing robots are classed as welfare technology and provide important support for ensuring safe medication management, which is currently managed manually. Care professionals in Norrtälje must travel significant distances daily, with many patients needing more than one visit a day, to dispense medication and provide other minor assistance. TioHundra hopes to use digital tools to streamline its operations, so that it can make fewer visits and improve the quality of those visits instead. The trial period with Dosell will provide a basis for TioHundra’s decision on whether to purchase medication dispensing robots.

About TioHundra AB
TioHundra is unique in Sweden in that it is the only company offering a full range of health care and social care services. TioHundra’s innovative and efficient approach improves the quality of care and creates added value for patients, users, those close to them and employees. The Norrtälje model has attracted attention both regionally and internationally, being held up by Sweden’s Ministry of Health and Social Affairs as an example to other municipalities, county councils and regions.

About the medication dispensing robot Dosell
Dosell is a robot that manages the dispensing of medication sachets. The roll of sachets is installed in the robot and programmed by healthcare personnel. The medication is then dispensed by the robot at the times printed on the sachets. The sachet is cut open when it is dispensed, and the patient then takes their medication independently. A reminder function helps patients to remember to take their medications. If the patient does not take the sachet despite the reminder, an app sends an alert to healthcare professionals who can then make a home visit to ensure the medication is taken.

Stockholm, Sweden – iZafe Group AB (publ.) (NASDAQ First North: IZAFE B) – a leading Life-Science company in healthcare digitalization announces that the company's major shareholders have appointed a nomination committee. iZafe Group AB's major shareholders and group of owners have, in consultation with the Chairman of the Board, Thomas Ahlerup, appointed the following representatives to be part of the Nomination Committee:

  • Torgny Ander, appointed by Göran Sjönell
  • Sten Röing, own holding
  • Peter Werner, appointed by the ownership group Hermansson – Segerström
  • Thomas Ahlerup, Chairman of the Board, iZafe Group AB
  • Torgny Ander has been appointed Chairman of the Nomination Committee.

The Nomination Committee's task is to present proposals to the Chairman of the Annual General Meeting, the Board, the Chairman of the Board and auditors prior to the 2021 Annual General Meeting, as well as proposals for fees to the Board members as well as remuneration of auditors.

Shareholders in iZafe Group AB are welcome to submit proposals to the Chairman of the Nomination Committee by e-mail  or by post to: iZafe Group AB, Nomination Committee, Grev Turegatan 11A, 114 46 Stockholm.
 
If you have any questions, please contact:
Torgny Ander: 
Thomas Ahlerup:

Stockholm, Sweden – iZafe Group AB (publ.) (NASDAQ First North: IZAFE B) – a leading Life-Science company in healthcare digitalization announces an expansion of its information provided to shareholders and other stakeholders. As a complement to the communication of important events and regulatory news in accordance with current regulations, the provision of information is expanded with a channel via the website for ongoing updates that are not covered by rules for publication.

The news feed will be available through a separate section at www.izafegroup.com/bolagsuppdateringar.

In regard to this, iZafe Group has brought forward a publication in written form reflecting the Q&A, which was held in connection with the year-end report 2020. Find the Q&A on the website under the heading investor relations. A video that deepens some of the questions will be published, as previously communicated, on the first of March 2021.

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Stockholm, Sweden – iZafe Group AB (publ.) (NASDAQ First North: IZAFE B) – a leading Life Science company specializing in healthcare services digitalization announces the opportunity for shareholders, media, and other stakeholders to ask company-related questions in connection with its year-end report. The report will be available to the public on February 19, 2021 at 08.30 (8:30 a.m.) CET. Questions will be answered by Chief Executive Officer Anders Segerström in a video presentation that will be published on the first of March, 2021 on iZafe's website under the heading Investor Relations.

Please send your questions to  before 10:00 (10 a.m.) CET on February 22, 2021. You can also use an online form to send your questions. This form is available on iZafe Group's website, Investor Relations page.

Stockholm, Sweden – iZafe Group AB (publ) (NASDAQ First North: IZAFE B), a leading Life Science company focused on the digitalisation of medication handling, is announcing the completion of a pilot project with private care provider Attendo. The pilot project ran for two months in Attendo’s home care operations in Uppsala and Norrtälje. A phase of development of Dosell in close dialogue with Attendo is ongoing.

“Overall, the local authorities welcome digital medication dispensing. Patients who care deeply about being independent have taken Dosell as a miracle, as one happy customer in Norrtälje put it. Gathering suggestions for improvements that make it possible for Dosell to reach even more service users was a vital aspect of the project. A phase of testing and development of the new features is ongoing in consultation with Attendo, and we will maintain close dialogue with Attendo to help each other further,” says Anders Segerström, CEO, iZafe Group.

“We have carried out the project and see future potential in the product. Cooperation with iZafe Group went very well and it has been interesting to follow this project. Dosell has had positive effects on the medication management and for those customers who want to be independent, Dosell has been very well received.” says Susanne Åhlander, Assistant Regional Manager, Attendo.

The aim of the project was for the parties involved to answer the following questions:

Are there customer categories in the home care operations whom the product would help?

The product will help customer categories including people with cognitive decline or whose medications must be taken precisely on time, but who are otherwise independent. The Dosell medication dispensing robot improves medication handling. Dosell is a good alternative to quick visits to patients who live far away and allows service users to decide whether want more short visits or fewer, longer and more qualitative visits from home care staff.

There are advantages to not having to drive to all customers to deliver medication. There are also potential coordination gains to be had, in that visiting schedules for home care services are not controlled by the need to distribute medication.

Customers who want to be as independent as possible were highly receptive to the medication dispensing robot when they were introduced to Dosell. The customers who declined said that they did not want to lose the social interaction with home care staff.

Can the product be integrated into existing systems?

iZafe Group provided training of all lead nurses and participating members of staff in each home care operation. Attendo has also had access to support throughout the period. Attendo has suggested adjustments to reach a wider group of service users, which iZafe Group has added to the development plans for Dosell.

Can the product be used in a patient and medication-safe way?

A few features need further adjustment to achieve maximum reliability, but nurses perceive the risks as low. The local operations see no risks linked to use of Dosell by specific patient categories, as their is access to staff who can manage the device.

About Attendo
AB Attendo AB is a listed Swedish company that offers services in elderly care, care for people with disabilities and individual and family care. The company also operates in Finland and Denmark.

In November 2019, iZafe Group AB (publ) (“iZafe” or “the Company”), a leading Life Science company forcused on the digitalisation of medication handling, completed a rights issue in the form of shares and free warrants. The exercise period for the series TO 8 B warrants ran from December 4, 2020 through December 18, 2020 and has thus ended. In total, 1,216,429 series TO 8 B warrants – which equals around 45 percent of the warrants – were exercised.

A total of 1,216,429 warrants were exercised, representing about 45 percent of all warrants, to subscribe for 1,216,429 Class B shares at an exercise price of SEK 3.30 per Class B share. The exercised warrants thus provide iZafe with proceeds of about SEK 4 million before issue costs.

Number of shares and share capital
Exercise of the warrants increases the number of shares in iZafe by 1,216,429 Class B shares, from 32,262,081 to 33,478,510 shares. The share capital increases by about SEK 1,216,429 from about SEK 32,862,081 to about SEK 34,078,510.

The issue entails a dilution effect of the share capital of approximately 3.6 percent and of the number of votes of approximately 3.1 percent.

Advisor
Stockholm Corporate Finance AB is acting as financial advisor, KANTER Advokatbyrå KB as legal advisor and Hagberg & Aneborn Fondkommission AB as issuing agency in connection with the exercise of the warrants.

About Stockholm Corporate Finance
Stockholm Corporate Finance is an independent privately-owned financial advisor offering expert advisory services relating to capital raising, changes in ownership, and mergers, acquisitions and divestments (M&A) for listed and privately held companies and their owners. Stockholm Corporate Finance is the exclusive Swedish partner in the global network M&A Worldwide, which is comprised of 50 M&A advisors and investment banks in 35 countries. Stockholm Corporate Finance is under the supervision of Finansinspektionen (Sweden’s financial supervisory authority) and is a member of industry organization SwedSec Licensiering AB. For more information see www.stockholmcorp.se/eng/.

Stockholm, Sweden – iZafe Group AB (publ) (NASDAQ First North: IZAFE B) – a leading life science company focused on the digitalization of medication management, is announcing that it already at an early stage has received in total 450 pre-orders of Dosell units from its partners before 2021. The orders are a result of the new features that have been developed during the past year. Production of the updated version of Dosell will begin during the first quarter of 2021 and deliveries will be carried out successively thereafter.

“We have established a broad partner network in Sweden, Norway, Finland, Italy and most recently in the United States. As previously communicated, we have developed Dosell to become even more user-friendly with the feedback of our partners and their customers. During the first quarter of 2021, production of the new updated version of Dosell will begin and we have thus at an early stage already received 450 pre-orders, which will be delivered in 2021 in pace with the production.” Says Anders Segerström, CEO of iZafe Group.

iZafe Group has in a short time built up increased capacity by establishing a partner network that successfully positioned Dosell as the leading product in drug dispensing. The company has won a number of business deals, signed agreements with new partners and successfully participated in a national procurement of medication dispensing robots in Norway. In addition, a number of pilot projects have been started and implemented with a good response from users and care providers.

“Despite the challenges we, our partners and their customers have faced due to the Covid-19 pandemic, we now see how decision-makers are ready to apply new technology. Our partners have built their organization and created the conditions for a broader sale of Dosell. As our partners note an increasing demand and have learned the product, they want to pre-order the updated version of Dosell at an early stage to be able to deliver quickly. In light of the business we are doing and the pilots that will start next year, we look very positively towards 2021.” Anders Segerström, CEO of iZafe Group, continues.

Stockholm, Sweden and Espoo, Finland – iZafe Group AB (publ) (NASDAQ First North: IZAFE B) – a leading life science company focused on the digitalization of medication management, is announcing the launch of two pilot projects in two Finnish municipalities together with Vivago. In addition to these pilots Vivago will also participate with Dosell in a number of procurements in Finland during 2021.

In connection with iZafe Group's successful verification of Finnish sachets from Finland's largest pharmacy chain University Pharmacy, a broader pilot operation is now being launched in which these are the first two projects. During the autumn, major training initiatives were carried out to prepare for the launch in Finland and to successfully launch the pilot projects where users will try Dosell to ensure safe and compliant medication via sachets.

“The pilot projects in Finland are particularly interesting as Finland is a strategically important market for the iZafe Group as the digitizing of healthcare is making rapid progress there. 60,000 people are already managing their medication with sachets in Finland and these users represents future users of Dosell. This customer group is also expected to grow rapidly over the coming years.” comments Anders Segerström, CEO of iZafe Group.

The outcome of the pilot projects in the municipalities will form the basis for integrating medication via the dispensing of sachets and the digital medication-dispensing robot Dosell to increase safety and security for users and reduce the need for home visits for patients taking medication.

“We have identified the wide customer need for managing medication and ensure safety of the medication, and this is a great opportunity for us to build a co-operation in this field with iZafe Group and University Pharmacy. These first pilots represent the future offering of Vivago, and we are expecting expeditious growth from this market within next years.” Says Niina Vilkas, CEO of Vivago Ltd.

About University Pharmacy
University Pharmacy is Finland’s largest pharmacy chain with 17 pharmacies and an online store ya.fi. It provides 10% of all prescription medicines to the general public in Finland. More than 1000 employees work for a healthier tomorrow. University Pharmacy is owned by Helsinki University and its turnover in 2019 was €355 million. All profit goes into Finnish research and education.
 
About Vivago
Vivago develops smart safety and wellbeing solutions for preventive care by monitoring users’ health status and wellbeing in real-time, 24/7. The Vivago solution includes all features required for nurse call systems and covers the entire chain of care from home care and assisted living to rehabilitation centers and hospitals. More than 100,000 people use Vivago solutions every single day. Full digitalization of health status monitoring is opening a revolutionary path to changing care delivery from reactive to preventive while tailoring entirely patient-centered and results-driven care.

The exercise period for series TO 8 B warrants issued in connection with the rights issue of units by iZafe Group AB (publ) in November 2019 continues up to and including December 18, 2020. The last day of trading in series TO 8 B warrants on First North Premier Growth is today December 16, 2020. Each series TO 8 B warrant held entitles the holder to subscribe for one new Class B share in iZafe at a price of SEK 3,30 per Class B share. If all the series TO 8 B warrants are exercised, a total of 2,862,129 new Class B shares will be issued, and iZafe will receive proceeds of around SEK 9,4 million before transaction costs.

If your warrants are held by a nominee (in a custodian account like Nordnet or Avanza, an investment savings account (ISK) or endowment policy (KF), you must contact your nominee to subscribe.

If you wish to exercise warrants that are registered in your own name (held in a securities (VP) account), you need to download and complete a Notice of Exercise form (Sw. Anmälningssedel) that can be found at www.hagberganeborn.se or be downloaded directly here.

Note that series TO 8 B warrants will expire and become worthless if the holder does not actively subscribe for shares by December 18, 2020, or alternatively sell their warrants by December 16, 2020.

Advisor
Stockholm Corporate Finance AB is acting as financial advisor, KANTER Advokatbyrå KB as legal advisor and Hagberg & Aneborn Fondkommission AB as issuing agent in connection with the exercise of the warrants.

About Stockholm Corporate Finance
Stockholm Corporate Finance is a Swedish, independent and privately-owned financial advisor which offers financial advisory by taking transaction initiatives, acting in an advisory capacity and assisting with transaction process implementation, working closely with owners, board members and management in listed and privately held companies.

Stockholm Corporate Finance is the exclusive Swedish partner in the global network M&A Worldwide, which is comprised of 46 M&A advisors and investment banks in 38 countries. Stockholm Corporate Finance is under the supervision of Finansinspektionen (Sweden’s financial supervisory authority) and is a member of industry organization SwedSec Licensiering AB. For more Information, see www.stockholmcorp.se /eng/.

Stockholm, Sweden – iZafe Group AB (publ) (NASDAQ First North: IZAFE B), a leading company focused on the digitalisation of medication handling, is announcing that it is entering into a collaborative partnership with Doro in Sweden as a direct result of the successful take-off with Doro in Norway.

“Thanks to the positive outcome of our partnership with Doro in Norway, we have now also partnered with Doro in Sweden to address the Swedish market. Doro Norway have been delighted with our stable technology and favourable pricing as a valuable complement to their social welfare technology platform,” remarks Anders Segerström, CEO, iZafe Group.

As previously communicated, iZafe Group has initiated a pilot project with Doro in Norway and begun deploying 50 Dosell medication dispensing robots in the homes of care recipients in one of the 30 municipalities in which Doro has implemented its social welfare platform. iZafe Group is today announcing that the partnership has been extended to include Doro in Sweden.

Doro enjoys a unique market position as a leading supplier of social alarms, remote monitoring and alarm reception services in the Swedish market. The partnership with Dosell enables Doro to further expand its offering in the same segment.

“Naturally, we at Doro could not be more pleased about the partnership with iZafe. iZafe is a company that is clearly compatible with our values-based approach and our vision of simplifying life and providing peace of mind to our seniors. Dosell is a state-of-the-art product that makes life easier for seniors and care workers alike. We are looking forward to working with iZafe and have high hopes that they will be able to help us make our current and future offering to our customers even better,” says Martin Puumalainen, Country Director Sweden Business Area Doro Care.

About Doro AB
Doro is a tech company that focuses on seniors. We develop products and services for seniors to make ageing an independent, empowering and rich part of life. Our wide portfolio of products and services for security and care solutions help link generations digitally and create a secure and independent life at home and away from home. Doro is the market leader in social alarms in Sweden, Norway and the UK and the global market leader in smartphones for seniors. Doro is a Swedish company with headquarters in Malmö and sales operations in 27 countries. Shares in Doro are listed on Nasdaq Stockholm. The company had about 1,000 employees in 2019 and net sales of SEK 2,063 million (EUR 195.4 million). Read more about Doro at www.doro.se/corporate.

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