NEXT Biometrics has successfully completed acceptance test of the custom built, high capacity coating machine. This will increase NEXT coating capacity from 100k sensors to 1.8 million per month. At the same time coating cost will be reduced from $1 + to less than 10 cents. The coating quality and the system throughput has been qualified, and the machine is now operational at its construction site. It will be shipped to NEXT sensor manufacture partner, display giant INNOLUX, in December. The machine will be integrated in INNOLUX facilities in January and ready for mass production in February. NEXT Biometrics CEO Tore Etholm-Idsøe comments “This is a $1.8 million project that was started in Q4-13, and it is with great pleasure we can report that the machine acceptance test has now been passed. Installing this machine NEXT meets tier-1 customer requirements in terms of quality, capacity and cost.
ABOUT NEXT BIOMETRICS (nextbiometrics.com) 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 product formats including Smartphones, Tablets, PC’s, Doors, Time registration systems, Payment terminals, Flashdrives, Usb-tokens, Key fobs and many more are targeted.
NEXT BIOMETRICS GROUP ASA is a publically listed company headquartered in Oslo, Norway, with sales, support and development subsidiaries in Seattle, Silicon Valley, Prague, Taipei and Shanghai.
Investor & Press contacts : Tore Etholm-Idsoe / CEO, mob + 47 922 32 439, e-mail firstname.lastname@example.org Knut Stålen / CFO, mob + 47 920 43 458, e-mail email@example.com