ZURICH, SWITZERLAND - EQS Newswire - 4 June 2020 - Achiko Ltd. (ISIN KGY0101M1024), a FinTech company listed on the Swiss Stock Exchange, has launched its product, Teman Sehat (http://temansehat.co) and is currently conducting testing. Based on the Achiko platform, Teman Sehat, meaning "Health Buddy" in Indonesian, is a set of interconnected health-related applications, starting with Covid-19 test results capture and contact tracing. Initial acceptance testing has produced encouraging feedback in Indonesia and Achiko plans expanded trials in June 2020.



Upon checking in at a location, Teman Sehat charges a small fee. Those fees are collected by Achiko and allocated to health care and quarantine facilities as well as public education, subsidising tests for Covid-19. The result is displayed on a temporary badge that verifies users' testing status in order to be able to proceed to safe areas such as boarding a plane, working at a food processing plant, workplaces, schools and many other places. Achiko is looking forward to being able to report market reach, average fees collected, testing numbers and other key metrics over the next few months.


Achiko itself will not perform Covid-19 tests, and will work with partners to organise testing, to help subsidise testing costs and to make the results meaningful to places such as workplaces, airports, schools, aged care facilities and many other locations where the risks and consequences of Covid-19 may be hazardous.


Achiko's platform approach has expanded from payments to innovations in industry verticals such as e-commerce and Buy Now / Pay Later, wealth management, gaming and other industries. The Teman Sehat ecosystem is an example of how Achiko is responding to the current challenges and opportunities in business and economy with a solution that aims to increase the benefits of testing while also reducing or offsetting the costs of testing, quarantine, education and healthcare.


Achiko is contemplating other applications to be included on its platform such as telehealth, ticketing or couponing and is looking forward to building and evaluating product extensions as time passes. The next steps will be to extend Achiko's contractual footprint in Indonesia and generate services on its platform. Achiko no longer has a relationship with Trustscan Pte Ltd. and is proceeding with an alternative set of solutions.


Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning Achiko Ltd. and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Achiko Ltd. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Achiko Ltd. is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.


The issuer is solely responsible for the content of this announcement.


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