Oslo, January 26, 2021 NEXT Biometrics (Oslo Bors: NEXT), a global company in finger-print sensor technology, has signed a LOI in India and received an initial order. In addition, NEXT publish NEXT Insight #3.
NEXT has signed a non-binding LOI and received an initial order of 4.650 sensors from Pagaria Group in India, which qualifies as a small sized order. The LOI has however an estimated volume of 13.000 sensors to be integrated into payment Point of Sales (POS) devices and an additional estimated volume of 10.000 sensors to be integrated into Biometric Bluetooth readers in India. The initial PO for delivery of fingerprint sensors is to be integrated into a payment POS device. The majority of estimated and planned shipments are expected to take place during 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 the citizens of India. Please read more about the recently signed LOI with Pagaria Group and gain more insights into NEXT’s traction within Payment & Fintech market in NEXT Insights #3.
NEXT Insights:
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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