Oslo, February 8, 2021 – NEXT Biometrics (Oslo Bors: NEXT) today announced the first purchase order for a new pc sensor product co-developed with industry leaders. This high value product will provide increased revenue per sensor, gross margins and potentially higher volumes.
The NEXT Sensor is compliant with Microsoft SecureBIO requirements, and has been developed together with global technology leader Broadcom Inc. One of NEXT top tier PC OEM customers has co-funded the development and already selected this solution for multiple Notebook platforms and has issued its first purchase order.
This solution is widely expected to become mandatory for computer manufacturers world- wide as Microsoft launches their Modern PC protocol in second half 2021.
The NEXT Secure Bio solution is a premium sensor with a large added customer value. Average revenue per sensor is higher compared to previous sensor solutions. NEXT Biometrics is working with several other PC OEMs and peripheral device manufacturers to start using this solution.
“I am pleased to see that NEXT together with its partner, yet again is at the forefront of the development in the biometric industry. It is also pleasing to see the great interest this high value solution is generating among our customers, and that we have achieved yet another design-in from a global OEM with improved revenue potential. This development has changed the nature of our PC business”, 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.
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NEXT Investor contact:
Peter Heuman, email@example.com
Eirik Underthun, Eirik.firstname.lastname@example.org