Together with a group of entrepreneurs and epidemiologists HiQ have developed a tech solution to track, monitor and prevent the spread of COVID-19 in Africa. The project is initiated and supported by global non-profit organizations. The first roll-out is planned to be in one of the most populous African counties, and the system has the capacity of managing more than 100 million user-entries daily.

The team which has developed the digital solution is a world-wide task force that has been working fully remote. HiQ has delivered all user interface design, front-end development and dashboards.

– This is truly a great initiative, and the solution that the team has developed is remarkable. It started off as a wild idea, and now, a few months later, we have a scalable solution which is ready for more than 100 million users daily. As a company we are truly proud of being able contribute with our tech expertise and know-how to the fight against this dreadful epidemic, says Erik Ridman, Director of Communications at HiQ.

The cloud based microservice solution is scalable, can also be run on local servers and is based on MIT opensource license. The system is designed for more than 100 million daily users and can easily be scaled to double or even triple that amount.

The solution is in multiple languages which also takes in account that the user might be unable to read. The actual interface meeting the user is a responsive web application, compatible with all smartphones, tablets and desktop computers. Furthermore, the solution is set to be translated into any other language for launch in a new region, country or continent.

The system utilises a self-assessment-procedure and the symptom tracker assimilates the latest symptomatic data from relevant peer reviewed research papers and features health advice from the World Health Organisation. The system compiles the millions of datapoints submitted daily, into a real-time secure dashboard. The dashboard will aid health officials to obtain a picture of the general health of the user population and assist to the planning and allocation of resources and support effective communications to help fight the spread of the epidemic.

In accordance with the decision made by HiQ’s Annual General Meeting, a Nomination Committee has been appointed. The Committee consists of Mats Gustafsson, Lannebo Fonder, John Wilson, Mawer Investment Management and Joachim Spetz, Swedbank Robur Fonder. Mats Gustafsson has been appointed chairman of the Nomination Committee. The Committee has also the appointed the chairman of the Board, Gunnel Duveblad, as a member.

The Nomination Committee will present the following proposals for approval by the Annual General Meeting 2021:

Proposal for Chairman of the Meeting
Proposal for the Chairman of the Board of Directors and members of the Board of Directors
Proposal for compensation to the Board of Directors, distinguishing between the Chairman and other members of the Board and compensation for committee work (if any)
Proposal for company auditor (if needed) and audit fees for the company’s auditor
Shareholders who would like to submit proposals to HiQ’s Nomination Committee can do so via email: valberedning@hiq.se, or by ordinary mail to the address:
HiQ International AB
Att: Valberedningen
Box 4046
102 61 Stockholm
Sweden

Date for the 2021 Annual General Meeting and the latest date for shareholders to submit proposals to the Nomination Committee will be presented in connection with the presentation of HiQ’s interim report for the period January – September 2020 on 22 October 2020.

The demand for HiQ's integration platform FRENDS is increasing. In connection with a Nordic expansion, we launch a completely new website; www.frends.com. “License sales are continually on the rise, and we are investing to meet demand throughout the Nordics.”, says Lars Stugemo, CEO and President of HiQ.

Technology development and digitization continue at high speed. More and more products become connected and new digital services are developed and launched all the time. The global pandemic has further accelerated digitalization and shown that the need for well-functioning digital solutions and platforms is great.

The remedy is the HiQ FRENDS integration platform, a software layer that connects otherwise disjointed systems to deliver a unified solution to customers. It acts as a safe and flexible channel for communication between multiple systems — enabling integration and automation simultaneously. As we speak, virtually all companies deepen their cloud dependency and FRENDS becomes an essential backbone to nearly every business.

The platform also allows a company to expand its offering without the need to build new bespoke services or further develop existing systems. Instead, companies can integrate with other software providers that already offer. The result is a unified and more robust solution for the end customers. As technology development progresses, more and more services and systems become interconnected. The increased complexity of companies’ IT platforms increases over time the need for integration services and platforms such as FRENDS.

“We make several new deals in Finland and initiatives in Sweden continue to develop as planned. By the end of the quarter we have more than 350 active licenses out among satisfied clients”, says Jukka Rautio, Managing Director of HiQ in Finland.

The FRENDS integration platform is a software service that is developed, managed and marketed by HiQ. It is delivered as a subscription service, a so-called Enterprise Integration Platform as a Service (eiPaaS). HiQ Frends is aligned with the integration consultancy services that HiQ also provides, and has become a key feature in HiQ’s offerings for digitalization and IT-architecture.

More about FRENDS:
www.frends.com

Triton Fund V (”Triton”) submitted, at 07.00 CET this morning, through its wholly-owned subsidiary Goldcup 25969 AB (under name change to Trisall AB) (“Trisall”), a public takeover bid to the shareholders of HiQ International AB (publ) (“HiQ”) to transfer all of the shares in HiQ to Trisall (the “Offer”).

The offer in brief according to the statement from Triton:

• Trisall will pay SEK 70 in cash for each share in HiQ.(1) The total offer amounts to c. SEK 3,909 million.(2)
• The Offer does not include warrants holder within the framework of HiQ’s Incentive Programme. Trisall has announced that after the completion of the Offer, it will work to ensure that warrant holders are given fair treatment outside the Offer.
• The offer implies a premium of:
  i. c. 25 percent compared to the closing price of SEK 55.90 and 27 percent compared to the volume weighted average share price of SEK 55.20 on Nasdaq Stockholm the 25 of August 2020 (which was the last day of trading prior to the Offer announcement);
  ii. c. 33 percent compared to the volume weighted average share price of SEK 52.82 during the last 30 days of trading prior to the Offer announcement;
  iii. c. 63 percent compared to the volume weighted average share price of SEK 42.84 during the last 180 days of trading prior to the Offer announcement; and
  iv. c.54 percent compared to the volume weighted average share price of SEK 45.40 during the last 360 days of trading prior to the Offer announcement.
• Triton’s indicative timeline:
  – Offer document published 9 September 2020
  – Acceptance period 10 September – 1 October 2020
  – Settlement 9 October 2020

Further information concerning the Offer on the bidder’s website: www.invest-to-lead.com

Advisors

The Board of Directors of HiQ has engaged Danske Bank as financial advisor and Setterwalls Advokatbyrå as legal advisor in relation to the Offer.

Statement from the Board of Directors

The Board, together with its advisors, will further evaluate the Offer that has been submitted and will thereafter publish its formal statement on the Offer as soon as possible, at the latest two weeks prior to the end of the acceptance period of the Offer.

This information is information that HiQ International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at [08:59] CET.

(1) If HiQ, prior to the settlement of the Offer, pays any dividend or makes any other transfer of value to shareholders, the Offer Consideration will be adjusted accordingly.

(2) Based on 55,842,087 shares, corresponding to the total number of shares outstanding in HiQ.