NEXT intends to raise new equity through an initial public offering (IPO) with a subsequent listing on Oslo Stock Exchange. FOXCONN supports the planned IPO by subscribing to shares for an amount totaling NOK 30 million, at the final IPO share price. FOXCONN will have the right to further investments of up to NOK 30 million. To fully earn this right, the agreement requires FOXCONN Group purchases of a significant volume of sensors over the coming three years.

Further, NEXT and FOXCONN have signed a non-binding memorandum of understanding defining a number of business areas in which the parties and their respective group companies will explore opportunities for industrial synergies.

NEXT Biometrics CEO, Tore Etholm-Idsøe, is commenting on the cooperation with FOXCONN and the upcoming NEXT IPO:

“Being the world leader in it´s field, FOXCONN have followed the emerging fingerprint sensor industry closely over the years. The list of fingerprint relevant products manufactured by FOXCONN is significant. Therefore we are obviously extremely pleased being able to sign such an agreement, where we have the corporate support of FOXCONN, both financially and industrially. NEXT has now started mass delivery of our unique fingerprint sensors. The FOXCONN deal and the upcoming IPO will secure a strong basis for us to achieve our 2014 and 2015 targets, comments CEO Tore Etholm-Idsøe”.

The contemplated IPO will take place in June 2014. Activities targeting integration projects under the cooperation agreement are planned to be initiated immediately thereafter.


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.


FOXCONN, headquartered in Taipei, is the world’s largest electronics contracter manufacturer, with 1,4 million employees, and is the third-largest information technology company by revenue (USD 132 Billion). For 11 consecutive years the company has been the largest Chinese exporter. In 2012 FOXCONN Group`s export value was 4,9 % of total China`s export.

Contact Information :

Investor & Press contact :
Tore Etholm-Idsoe / CEO, mob + 47 922 32 439, e-mail

Important notice:

These materials are not an offer for sale of securities.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia, Hong Kong, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.

Any offering of securities will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the Company and management, as well as financial statements. This document is an advertisement and not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the “Prospectus Directive”). Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.

In any EEA Member State other than Norway that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.


This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” “continue,” “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this release speak only as at its date, and are subject to change without notice.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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