Oslo, November 24, 2021 – NEXT Biometrics (Oslo Bors: NEXT), a global company in fingerprint sensor technology, today announced it has received a new design-win and initial purchase order from SZC, in China.
SZC has designed-in NEXT fingerprints sensors into a new Point of Sales (POS) device that will be launched in Latin America. The POS device will be used by an undisclosed major bank. Today’s announcement is the initial purchase order from SZC and is the first of upcoming recurrent purchase orders.
The soon to be launched, next generation POS devices are designed for financial bank applications in the Latin American market. The SZC POS device is used by bank customers interacting with the bank covering both authentication and verification. These financial transactions are now secured with fingerprint sensors from NEXT Biometrics. The initial shipment of 5000 sensors will take place during Q4 2021, with recurrent purchase orders in 2022 and 2023 to be expected.
“NEXT Biometrics active thermal fingerprint sensors will enable us to offer competitive, secure, high-performance POS terminals to our customers in Latin America. We have already managed to secure our first bank customer and I am confident that our new device has great market potential“, said Mr. Chen, SZC CEO.
Mr. Chen, continues, ”we selected Next Biometrics as partner for our new POS devices due to the high security and slim formfactor provided by the active thermal sensors.”
“We are pleased that, SZC secured and opened up a new market for NEXT and our Access 200 sensors. SZC has built yet another outstanding POS product secured with fingerprint sensors from NEXT Biometrics.”, said Ulf Ritsvall, SVP Sales & Marketing of NEXT.
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, Bengaluru and Shanghai.
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NEXT Investor contact:
Peter Heuman, peter.heuman@nextbiometrics.com
Eirik Underthun, eirik.underthun@nextbiometrics.com