Oslo, January 11, 2023 – NEXT Biometrics (Oslo Bors: NEXT), NEXT summarises 2022, winning in total 12 new customer products, with three new design-wins in quarter four.
NEXT started to communicate its traction related to customers’ designing in NEXT Biometrics Active Thermal fingerprint sensors during 2020 and has a stated ambition to add one design-win per month. Three new design wins were added during quarter four, summarising 36 customer products in total and on target for year-end 2022. The newly added customers are all within NEXT’s defined market segments. The three design wins are new customers based in India, Belgium, and Brazil, which illustrates the diversity in both customer segments and markets.
None of the latest three added design wins will have a significant impact on short-term revenues during 2023. The customers will launch their products at different times during the next 9-18 months. When all three customers are in mass production, they anticipate volumes that correspond to approximately 400,000 USD/year in recurring revenues for NEXT. All of the three customers have already selected NEXT Biometrics Active Thermal sensors and ordered smaller pre-production volumes.
“We are pleased that our continued efforts resulted in winning three new customers in our defined market segments during quarter four. We now have 36 design-wins in total by year-end. I believe this starts to set a solid foundation for future revenue growth for NEXT.” Says Ulf Ritsvall, SVP of Sales & Marketing.
Further guidance related to NEXTs Design win traction for 2023 will be communicated during the company’s Q4 presentation that is scheduled to be held on February 22, 2023. NEXT recent Insight blog explains more related to the importance of Design wins and can be found @: https://www.nextbiometrics.com/news_archive_2022/insights-7-what-the-bleep-is-a-design-win/
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 research and development in Seattle, Taipei, Bangalore, New Delhi, Tokyo, Dubai, and Shanghai.
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NEXT Investor contact:
Peter Heuman, peter.heuman@nextbiometrics.com
Eirik Underthun, Eirik.underthun@nextbiometrics.com