Oslo, 10 June, 2021: NEXT Biometrics (Oslo Bors: NEXT), has received an additional purchase order from Pagaria Group of 9,000 sensors.
NEXT signed a Letter of Intent with Pagaria group in India (announced on January 26) and has now received a follow up order of 9,000 sensors.
This is the third purchase order received from Pagaria in 2021. Including today´s purchase order, Pagaria has ordered almost 40,000 sensors. We are expecting additional purchase orders from Pagaria during the remaining part of 2021. The new purchase order is scheduled for shipment during Q2 2021.
The sensors are integrated into payment POS terminals and will be used in the fintech domain by one of the fastest growing payment banks in India.
“NEXT’s collaboration with Pagaria Group has intensified since the launch of their successful POS terminals. I believe this demonstrates the importance for NEXT to focus on design-wins with successful biometric product partners that are high in demand in local markets. Our sensor technology enables Pagaria Group and other partners to offer smart and slim biometric payment products requiring a high degree of security”, said Peter Heuman, CEO 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.
NEXT Investor contact:
Peter Heuman (CEO), peter.heuman@nextbiometrics.com
Eirik Underthun (CFO), eirik.underthun@nextbiometrics.com