News Archive 2014

29.04.2014

(NEXT.OTC) NEXT Receives First Significant Order from India

29/04-2014

Under the partnership agreement signed in Taiwan last week (published yesterday) , NEXT has now received a first purchase order of 53.000 fingerprint area sensors. Shipments starts in May and volumes are expected to meet the customer needs in Q3 and part of Q4-14.

The 3-year agreement targets a volume of 100 k sensors in year 1 then 900 k sensors in year 2 and 3,000 k sensors in year 3. It is estimated that roughly 1/3 of these volumes will be replacements of competing sensor suppliers and that the rest will be realized by the market expanding potential of the NEXT technology.

This first order already represents 53% of the first year contract minimum. The initial applications to be targeted using the first 53 k units includes Access Control and Time & Attendance only. Sensor integration in additional product formats are planned throughout the year.

ABOUT NEXT BIOMETRICS
Enabled by its patented Active Thermal Principle, NEXT offers high quality area fingerprint sensor at a fraction of the prices of comparable competitors. A wide range of products format including Smartphones, tablets, PC’s, doors, time registration systems, payment terminals, flashdrives, usb-tokens, keyfobs and many more are targeted.

NEXT BIOMETRICS GROUP ASA is headquartered in Oslo, Norway, with sales, support and development subsidiaries in Seattle, Taipei and Shanghai.

Investor & Press contact :
Tore Etholm-Idsoe / CEO, mob + 47 922 32 439, e-mail tore.idsoe@nextbiometrics.com