Oslo, Norway-NEXT Biometrics Group ASA (OAX:NEXT), today announced NEXT Biometrics has received an initial order for 100 000 sensors from a new customer within the SmartHome segment. Deliveries will start in July and will be completed by November.
The NEXT customer target sales in excess of 1 million units over the first 12-18 months of operations.
NEXT CEO Tore Etholm-Idsøe comments : « After 12 months of design and testing iterations our customer, a leading design and manufacturing house, has moved forward with their first volume order. The application is SmartHome related and will be distributed by a segment leading brand name player. Their name will be made public when they launch their products later this year.
This order is significant as it further highlights the potential volumes in these “NEXT-enabled” markets, where our high quality and low cost sensor enables the market itself.
Looking at the fundamentals, technology and market-wise, NEXT now has access to a larger combined market than any other player in our industry.»
Media and Investor contacts:
Tore Etholm-Idsøe, CEO, Tore.Idsoe@NEXTbiometrics.com and
Knut Stalen, CFO, Knut.Stalen@NEXTbiometrics.com
ABOUT NEXT Biometrics:
Enabled by its patented NEXT Active Thermal principle, NEXT Biometrics (www.NextBiometrics.com) offers high quality area fingerprint sensors at a fraction of the prices of comparable competitors. A wide range of product formats including Smartphones, Tablets, PC’s, Doors, Time registration systems, Wearables, Payment terminals, Flashdrives, USB-tokens, Key fobs and many more are targeted.
NEXT BIOMETRICS GROUP ASA is a publicly listed company headquartered in Oslo, Norway and with sales, support and development subsidiaries in Seattle, Silicon Valley, Taipei, Prague and Shanghai.
Media and Investor contacts for NEXT Biometrics: Tore Etholm-Idsøe, CEO, Tore.Idsoe@NEXTbiometrics.com and Knut Stalen, CFO, Knut.Stalen@NEXTbiometrics.com.