Oslo, June 29, 2023 – NEXT Biometrics (Oslo Bors: NEXT), has received an additional Design-win and purchase order from distributor XM Holder in China.
XM Holder’s confidential customer has won a point of sales terminal with dual NEXT FAP20 fingerprint sensors. The biometric enabled point of sales terminal will be used in taxi vehicles for cash-less payments in Sub-Saharan African countries and demonstrates the result of NEXT’s close collaboration with XM Holder and its customer. The initial purchase order is NOK 1 million and the initial delivery will take place latest during Q4 2023. This is a recurring sensor volume order with a, by customer, estimated annual revenue of NOK 4.5 million from 2024 and onwards.
“Our partner has developed a unique high-security point of sales terminal with two FAP20 sensors in each device. It will increase the security for taxi drivers and enable cashless payments. We are excited that, yet another biometric product covering financial inclusion includes NEXT FAP20 sensors” said Ulf Ritsvall, SVP of Sales and 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 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, peter.heuman@nextbiometrics.com
Eirik Underthun, Eirik.underthun@nextbiometrics.com