NEXT Biometrics had announced a joint R&D program with MK Group for next generation biometric smart cards in November 2018. Close collaboration between both companies` technical and sales teams since then revealed additional market opportunities which both companies intend to seize henceforth in Vietnam, South Africa and Brazil in addition to the continued collaboration on the development and deployment of biometric payment cards.
“We are very pleased to expand our collaboration with MK Group and to conjointly leverage the advantages of NEXT`s large-area fingerprint sensor technology in an even broader range of secure authentication solutions and on a wider geographic space,” said Alain Faburel, NEXT Biometrics Chief Sales and Marketing Officer.
“The positive market and customer feedback that we have seen over the past months was a strong encouragement for us to expand our collaboration with NEXT Biometrics,” said Nguyen Trong Khang, Chairman and CEO of MK Group. “Interest for biometric payment and secure authentication solutions is growing steadily and we look forward to seizing this opportunity together with our strategic partner NEXT Biometrics.”
About NEXT Biometrics:
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.
About MK Group:
MK Group Joint Stock Company (MK Group) is a Vietnam based company that specializes in wide ranges of digital secure authentication solutions and smart card products. These include: Smart payments; identification and exchange data; digitized identification; transaction and communication; and secure data for identity, transactions and communication. MK Group has 19 years’ experience in serving finance – banking, governments, enterprises, transportation and telecom and ceaselessly invests in order to improve the quality of products and services. The company works closely with customers, partners and other stakeholders to successfully transform their businesses in the fast-changing world of technology.
NEXT Media contact:
Tanja Moehler, tanja.moehler@nextbiometrics.com
NEXT Investor contact:
Knut Stålen (CFO), knut.stalen@nextbiometrics.com