Oslo, August 16th, 2022 – NEXT Biometrics (Oslo Bors: NEXT), has received a purchase order valued at NOK 2.4 m  from Chinese distributor XM Holder. Deliveries will start during second half of 2022.

NEXT´s intensified distributor focus has now resultated in an additional biometric distributor in China. XM Holder has previously been used by one of NEXT`s customers and will now expand into other customers with NEXT sensors. Today NEXT received a new order that includes several different NEXT fingerprint sensors. The sensors will be used for new customers in Asia including OEMs in India, China, Indonesia among others.

XM Holder is the latest distributor NEXT added to extend it´s market reach and global salesforce. XM Holder has the potential to secure new design wins within the Payment & Fintech segment.

“We are pleased that our intensified collaboration with XM Holder in China has resulted in this new order. We continue strengthening our market position within the Payment & Fintech market segment and we are excited that the purchase order contains various sensor products” said Ulf Ritsvall, SVP of Sales & Marketing 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 for-mats. NEXT Biometrics Group ASA (nextbio.eternitygroup.dev) 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, peter.heuman@nextbiometrics.com
Eirik Underthun, Eirik.underthun@nextbiometrics.com

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