Oslo, February 10, 2021 NEXT Biometrics (Oslo Bors: NEXT), has received a purchase order from Pagaria Group of 20,000 sensors. In addition, the estimated volume for 2021 has been increased.
NEXT recently signed a Letter of Intent with Pagaria group in India (announced on January 26) and has now received a follow up order of 20,000 sensors.
The initial forecasted demand from Pagaria for 2021 was 23,000 sensors. With today´s purchase order Pagaria has already ordered 25,000 sensors. In addition, the full year expected volume has been increased to approx. 50,000 sensors.
Today`s purchase order is scheduled for shipment during Q1 2021. Pagaria’s additional forecasted demand of 25,000 sensors is expected to be shipped during the remainder of 2021.
The payment POS terminals and Biometric Bluetooth readers will be used in the fintech domain by one of the fastest growing payment banks in India providing door-step digital services to individual citizens.
“We are pleased to already announce this additional order from Pagaria. The collaboration with Pagaria Group reaffirms our focus of the growing demand of payment & fintech biometric devices. This enables Pagaria Group to offer smart and slim biometric payment products requiring a high degree of security”, said Peter Heuman, CEO of NEXT.
Read more about NEXT collaboration with Pagaria and recent inroads in the Payment & Fintech industry in the latest NEXT Insights#3.
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 (nextbio.eternitygroup.dev) is headquartered in Oslo, with sales, support, and development operations in Seattle, Taipei, Bengaluru and Shanghai.
NEXT Investor contact:
Peter Heuman (CEO), email@example.com
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