NEXT Biometrics Group ASA (OAX: NEXT) announced it has received an initial development order, valued at $100,000 USD,

from a new client in its “NEXT-enabled market” sector. NEXT, the leader in high-performance low-cost fingerprint sensors, is under NDA and can not disclose the client company or specific applications being developed.

Tore Etholm-Idsøe, CEO of NEXT Biometrics, said, “The main part of the order is for consultancy as NEXT will support its client with high level expertise to develop an

undisclosed application within a new field. NEXT is uniquely able to deliver credible,robust sized sensors at unprecedented low cost levels. This area of our business we brand as the ‘NEXT-enabled market’ segment.”

Etholm-Idsøe added, “The development order application involves a small device in need of a high quality sensor at a low cost. By supporting our new customer we will be helping it create a new and exciting high volume market segment.”

ABOUT NEXT Biometrics (online at 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.

NEXT Biometrics Group ASA is a publicly-listed company on the OSLO Axess Bors (symbol NEXT) and is headquartered in Oslo, Norway, with sales, support and development subsidiaries in Seattle, Silicon Valley, Prague, Taipei and Shanghai.

Investor & Media contacts :

Tore Etholm-Idsoe, CEO, mob + 47 922 32 439, e-mail
Knut Stålen, CFO, mob + 47 920 43 458, e-mail

Insights and news straight down in your inbox
Sign up