Oslo, April 16, 2020 – NEXT Biometrics (Oslo Bors: NEXT), a global company with fingerprint sensor technology, today announce that in line with the global Covid-19 challenges, in addition to earlier communicated cost reductions for 2020, the company will initiate further optimisations of its organisation and cost base. All global operations
will potentially be affected including reduced headcounts as well as indirect costs. The company expects to lower annual operating expenses with at least NOK 20 million per year in addition to earlier communicated NOK 45 million savings. The analysis, execution and impact from Covid-19 related cost reductions are ongoing and further details will be communicated no later than planned Q1 report publication.
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, Taipei, Prague, Bengaluru and Shanghai.
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Next Investor contact:
Peter Heuman, peter.heuman@nextbiometrics.com