 RADNOR, Pa., April 12, 2021 GLOBE NEWSWIRE -- Safeguard Scientifics, Inc. NYSE:SFE Safeguard or the Company today announced the exit of our ownership interest in Zipnosis. Safeguard received 3.3 million of initial cash proceeds and a preferred equity interest in Bright Health Group, a national integrated healthcare company Bright Health. The majority of the consideration we received in the transaction is reflected in this preferred equity interest. Additional cash proceeds may be received from the final determinations of net working capital and the resolution of various escrow contingencies. Safeguard will report a gain on the sale of the Zipnosis ownership interest for the quarter ended March 31, 2021, based on the total value received from the transaction. 