Stockholm, Sweden – iZafe Group AB (publ) (NASDAQ First North: IZAFE B) – a leading Life Science company focused on the digitalisation of medication handling, is launching an updated version of the Dosell medication dispensing robot. Interest in Dosell continues to grow, and iZafe Group is working with its partners non-stop to upgrade Dosell with new features and achieve even stronger performance. iZafe Group has established an internal Customer Success team that is responsible for all communication with partners and customers. The goal is to identify preferences concerning the development of Dosell and the associated system at an early stage.

“We are receiving valuable ongoing feedback from pilot projects and our partners in the Nordic countries and Italy, which means we can prioritise the right issues to further improve Dosell. In the light of the feedback we have documented, the past six months have been a period of intense development and investments in products, technology and software. IZafe group is reinforcing its leading position in a powerfully growing market through ongoing investments in products and the market, combined with close cooperation with partners,” says Anders Segerström, CEO of iZafe Group.

The sale of the company’s security business, iZafe Security, created the necessary scope for continuous investments in product development and commercialisation of Dosell. The company has released numerous new features in pace with several public procurement processes and the launch of additional pilot projects. In parallel, the partner network has been expanded and international establishment is growing.

A selection of recently developed new or updated features:

  • A new safety feature that provides the option to dispense dose-packed sachets using the “wait until button is pressed” has been launched.
    • When it is time to dispense medication, the user must press the button to get the medicine. If they do not press the button within a predetermined time, the medication is locked inside Dosell.
  • A demo mode has been developed and introduced to make it easier to present Dosell’s features and alarm handling at training sessions, for example.
  • The option to dispense dose-packed sachets at non-scheduled times makes the system more flexible for users, so that Dosell adjusts to their daily routines and not the reverse.
  • A feature for accessing information about when the next dose will be dispensed.
  • Improved handling of minutes in OCR.
  • The red LED light that shines in the dose compartment when the user has not removed the sachet in time goes out automatically when the sachet is removed. In the past, the user had to press a button to turn off the light. 
  • Validation of Finnish dose-packed sachets.
  • The company has invested in and developed software and systems, including other functionalities to improve how Dosell communicates with the server, making easier to support and facilitate the work of partners.
  • A feature to determine whether the placement of the dispensing robot should be changed to improve coverage.
  • Medication dispensing robots with built-in rechargeable batteries and 48-hour battery backup will be launched early next year to further enhance safety.
  • A simplified start-up process for new users to connect to Dosell will be launched in Q1 2021.

In November 2019 iZafe Group AB (publ) (“iZafe” or “the Company”) carried out a rights issue of units, consisting of shares and series TO 8 B warrants. The subscription period for the series TO 8 B warrants begins on Friday, December 4, 2020 and continues up to and including December 18, 2020.

One (1) series TO 8 B warrant entitles the holder to subscribe for one (1) new Class B share in iZafe. Under the terms of the warrants the exercise price is SEK 3,30. If all the warrants are exercised, iZafe will receive proceeds of around SEK 9,4 million before issue costs.

Summary instructions and important dates

• Warrant holders wishing to exercise these warrants to subscribe for Class B shares must notify this themselves in good time before Friday, December 18, 2020. After this date the warrants will expire and become worthless.

• Holders who do not wish to exercise their warrants are recommended to sell them. The warrants will be traded up to and including Wednesday, December 16, 2020.

Detailed instructions for holders of warrants are given below.

Exercise of warrants held by a nominee
Those whose series TO 8 B warrants are held by a nominee [held in a custodian account, investment savings account (ISK) or endowment policy (KF)] must notify that they wish to exercise warrants by contacting their nominee and following the nominee’s instructions for subscription and payment. This should be done in good time before Wednesday, December 16, 2020, since different nominees have differing processing times.

Exercise of warrants registered in own name
Holders of series TO 8 B warrants that are registered in their own name [holdings in a securities (VP) account] must notify that they wish to exercise warrants by completing and submitting a Notice of Exercise for iZafe’s series TO 8 B warrants so that it is received by the issuing agent Hagberg & Aneborn Fondkommission by 15:00 CET on Friday, December 18, 2020 at latest.

The Notice of Exercise can be downloaded from:

iZafe’s website, www.izafe.se/teckningsoptioner; and

Hagberg & Aneborn Fondkommission’s website, www.hagberganeborn.se

Note that payment for the new shares must also be received by Hagberg & Aneborn Fondkommission by December 18, 2020 at the latest in accordance with the instructions in the Notice of Exercise.

Trading in iZafe series TO 8 B warrants
Holders who do not wish to exercise their warrants are recommended to sell them on First North Premium Growth so that another party can exercise the warrants. The iZafe series TO 8 B warrant is being traded on First North Premium Growth up to and including Wednesday, December 16, 2020. Warrants that are not exercised before December 18, 2020 or sold before December 16, 2020 will expire and become worthless.

Result and delivery of new shares
The result of the exercise of series TO 8 B warrants will be published in a press release on or around Friday, December 18, 2020.

The new shares will be delivered to the subscribers’ accounts as interim shares (IS). They will then be admitted to trading on First North Premium Growth as soon as the issue has been registered with Bolagsverket (the Swedish companies registration office) and Euroclear.

Full terms and conditions for iZafe series TO 8 B
Full terms and conditions for iZafe series TO 8 B are available in the information memorandum prepared by iZafe’s Board of Directors in conjunction with the rights issue in 2019.

The memorandum can be downloaded from iZafe’s website www.izafe.se/teckningsoptioner or be downloaded directly here.

ISIN code
The ISIN code for iZafe series TO 8 B is SE0013409406.

Number of series TO 8 B warrants and potential proceeds
The number of warrants amounts to 2,862,129. If all the warrants are fully exercised, iZafe will receive proceeds of around SEK 9,4 million, before issue costs.

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 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/.

The subscription price for warrant TO 8 B iZafe Group AB (“iZafe” or “the Company”) has been set at SEK 3.30 in accordance with the applicable option terms. One (1) warrant TO 8 B entitles the holder to subscribe for one (1) B share in iZafe. Subscription of Class B shares with the support of warrants can take place from and including 4 December 2020 to and including 18 December 2020. If all warrants of series TO 8 B are exercised, the Company will receive SEK 9,445,000 before issue costs.

Conditions in summary


  • Subscription period: 4 – 18 December 2020 (subscription takes place through simultaneous cash payment).
  • Number of warrants: 2,862,129 warrants of series TO 8 B.
  • Subscription price: The holder of warrants has the right to subscribe for one new B share in iZafe for each warrant at the subscription price of SEK 3.30 per share.
  • Issue volume: When full exercise of all warrants, SEK 9,445,026 is added to iZafe.
  • Last day for trading in warrants: 16 December 2020.

Stockholm, Sweden – iZafe Group AB (publ) (NASDAQ First North: IZAFE B) – a leading Life- Science company focused on health care digitalisation, today announces the appointment of Ida Almgren as the new CFO. Ms Almgren will join the company on 9 November 2020.

Ida Almgren has many years of experience with and responsibility for business analysis and financial planning with established companies. Ms Almgren’s professional experience includes working with high-growth companies and start-ups in various phases of development, where her areas of focus included strategy and growth. Immediately prior to joining iZafe, Ms Almgren served in the role of Revenue Manager for SAS, and was previously the CFO of Thunderkick.
 
“I bring expertise to iZafe Group acquired through my experience as a CFO and member of executive management teams in roles that entailed overall financial responsibility. I look forward to returning to a smaller, entrepreneurial company where I can be involved in internationalising and further developing the business,” says CFO Ida Almgren, iZafe Group.

Stockholm, Sverige – iZafe Group AB (publ) (NASDAQ First North: IZAFE B) – a leading Life Science company focused on the digitalisation of medication management, is announcing that it has signed a partnership agreement with Vivago, a Finnish provider of safety and well-being solutions for preventive care. In conjunction, iZafe and Vivago are launching an initial joint pilot project covering 20 Dosell medication dispensing robots.

The results of the pilot project will be used as decision input for a future commercial arrangement based on an integrated solution involving automated dispensing of medication in dose-packed sachets from dispensing robots. The goal is to create a full-coverage solution for users while reducing the need for home health visits in connection with taking medication.

“We are proud of the partnership and are looking forward to working with Vivago to further develop the industry in Finland. In the first stage, we will perform a joint market analysis to build knowledge about the Finnish market. We are especially pleased that our partnership has already resulted in a strategically important pilot project.” comments Anders Segerström CEO, iZafe Group.

Major training initiatives were carried out in the autumn to prepare for the pilot project, which is expected to begin immediately after the end of the year. Twenty people will be using Dosell to manage their medication during the pilot project.

“We are delighted by the partnership between Vivago and iZafe. The partnership will be a key step in Vivago’s future ventures in the digitalisation of medication dispensing in Finland while reinforcing our service offering. The partnership with iZafe and their Dosell digital medication dispenser makes a more comprehensive service offering to our customers in Finland possible. Vivago’s health and well-being solutions combined with Dosell will enhance safety and provide better care to our elderly people.” Says Niina Vilkas, CEO Vivago Ltd.


About Vivago
Vivago develops smart safety and wellbeing solutions for preventive care by monitoring users’ health status in real-time and wellbeing 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 centres and hospitals. More than 100,000 people use Vivago solutions every single day. Full digitalisation of health status monitoring is opening a revolutionary path to changing care delivery from reactive to preventive while tailoring entirely patient-centred and results-driven care.

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 Third Quarter 2020 report. The report will be available to the public on on November 9, 2020 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 November 18, 2020 on iZafe's website under the heading Investor Relations.

Please send your questions to  before 17:00 (5 p.m.) CET on November 10, 2020. You can also use an online form to send your questions. This form is available on iZafe's website, Investor Relations page.

Stockholm, Sweden. iZafe Group AB (publ.) (NASDAQ First North: IZAFE B) (“the company”) reports that a patent application filed by the company has been published. The patent relates to a further development of the medication management robot Dosell, enabling Dosell and the Dosell app to become a hub for connected sensors and other digital care equipment in the home collection and measureing patient-specific data. The patent application is international and enables iZafe to have patents approved in more than 150 countries.

The current patent application could provide the company with future patents in a large number of countries including Sweden, other parts of Europe and the USA. The fact that iZafe has a patent pending already in itself affords important protection for the company’s further development of Dosell as a digital platform and additionally strengthens iZafe’s position in the market.

“The digitalization of healthcare has accelerated in recent years, and iZafe is a leading provider of medication dose dispensing for those who want to manage their medication themselves. By protecting the further development of Dosell into a digital hub for a future digital clinic in the home, we are strengthening our position as well as our patent portfolio,” says Anders Segerström, CEO of iZafe Group.

The patent application relates to the development of a system for dispensing medication via the Dosell robot in which the dose of medication dispensed is adjusted based on current patient-specific information.

“We are convinced that the ecosystem that Dosell provides via medication dispensing and the SaaS-based services is just the start of a rapid digitalization of many measurements that can be monitored by the doctor responsible for the patient via the Dosell app. The fact that we now have a patent pending in this area is an important part of our long-term strategy for positioning iZafe as a leading player in the digitalization of home and remote healthcare. Publication of the patent application that was filed 18 months ago strengthens our position in the market while also protecting us from competitors,” says Anders Segerström.

Future digital care in the home
We are living longer and longer, and an aging population increases the need for care and social services. Society aims to deliver increasing quality for our seniors and an important part of this ambition is to offer an increasing level of care in the home. iZafe’s vision of a “digital clinic in the home” will only be possible if important information about the patient’s state of health can be measured and communicated to the treating doctor.

This further development of Dosell allows sensors in the home to take the patient’s readings and communicate these via iZafe’s cloud-based solution. The treating doctor can then make sure that the correctly adjusted dose is always given to the patient via Dosell. The new technology further increases patient safety in respect of the dosing and dispensing of medication. Using Dosell as a hub realizes the vision of a digital doctor’s round in the home, which will be particularly important for patients being treated for conditions such as dementia, complex heart problems, diabetes, Parkinson’s and MS.

“Through Dosell, iZafe has already set a new standard for digital medication dispensing and future patents will enable the company to revolutionize care – above all in the home and especially for seniors, people with multiple conditions and patients on multiple medications,” says Dr Göran Sjönell, doctor in general medical practice, co-founder of iZafe Group and inventor of Dosell.

Stockholm, Sweden. iZafe Group AB (publ.) (NASDAQ First North: IZAFE B) – a leading life science company in the digitalization of medication management – has announced the start of a pilot project with healthcare company TioHundra AB involving 30 medication dispensing robots. The results will provide a basis for identifying areas where welfare technology can contribute to more efficient, safer operations at TioHundra in Norrtälje municipality, Sweden.

During the pilot project TioHundra and iZafe aim to identify, prioritize and work to enable operational developments in Norrtälje municipality. TioHundra’s ambition is to introduce the technology that Dosell represents to facilitate and create safer medication distribution within the area of home care services and personal assistance. 
 
“Using Dosell will enable TioHundra to ease the burden on its employees, because medication dispensing robots increase safety and can save both time and resources. Dosell can also simplify coordination of functions for company medication signing to avoid duplicate records. A crucial advantage of Dosell is that it makes life safer for users, allowing them to live an independent life in their own home for longer with less risk of medication errors. Relatives also benefit from increased security thanks to the function for remote monitoring,” says Anders Segerström, CEO of iZafe. 
 
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.

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