Oslo, February 9, 2022 – NEXT Biometrics (Oslo Bors: NEXT), has received follow-up purchase order of NOK 3.1 million for Access 200 fingerprint sensor. This order is based on the previously announced design win with crypto-wallet provider NGRAVE.
This recurring purchase order is a result of NEXTs close collaboration with Page Electronica and NGRAVE, the ultra-secure crypto-wallet provider. NGRAVE has in-formed NEXT that it is planning well in advance in light of the global semiconductor supply challenges. While many component suppliers suffer long lead-times, NEXT Biometrics fingerprint sensors will be available on time for NGRAVE.
To date all sensors delivered by NEXT have already been consumed by NGRAVE, well within earlier communicated 24 months. Today’s follow-up order is by NGRAVE estimated to be consumed within the next 18 months, with a majority during this year.
“We are stunned about the market response of our crypto-wallet and we’re pleased to have integrated it with the most secure fingerprint solution, from NEXT Biometrics. Their slim formfactor with superior performance enables our NGRAVE ZERO crypto-wallets to be ultra-secure.” said Ruben Merre, CEO of NGRAVE NV.
“This follow-up order from NGRAVE proves that our fingerprint sensors are well fitted to be integrated in various security demanding use cases. The NGRAVE crypto-wallet is a great design-win for NEXT, with potential in a continuously growing crypto currency market.”, says Peter Heuman.
About NEXT Biometrics
NEXT provides advanced fingerprint sensor technology that delivers uncompromised secu-rity and accuracy for the best possible user experience in the smart card, government ID, ac-cess control and notebook markets. The company’s patented NEXT Active Thermal™ princi-ple 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