Oslo, May 27 2021 – NEXT Biometrics (Oslo Bors: NEXT), has received a sensor purchase order from an existing US based partner. The order is amounting to 100,000 USD and is scheduled to be shipped in June 2021.
The purchase order is from an Identity and Access Management (IAM) software and hardware supplier in US. The partner will launch a new, innovative biometric product for authentication linked to their enterprise software. The partner is planning launch of the new biometric product during Q4 2021.
The IAM solution partner is at the forefront of biometric technology, using larger size fingerprint sensors to achieve enterprise grade security for their customers in law enforcement, healthcare, local government, education, finance, and insurance companies world-wide. The customer selected NEXT sensor technology and algorithms, as it enables their IAM solutions to identify individuals quickly and accurately from a database of hundreds of thousands of user records.
“We are pleased to announce this order for a new device with a successful IAM solution partner. Given the increasing volume of cyber-related crime and the global unmet cybersecurity needs, we believe this is an interesting market segment. Enabling new and innovative products that our customers build their future on, is how we best scale NEXT Biometrics towards success.” said Peter Heuman, CEO of NEXT Biometrics.
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 contacts:
Peter Heuman (CEO), email@example.com
Eirik Underthun (CFO), firstname.lastname@example.org