Norwegian biometrics company NEXT, confirms an 8 MNOK order for a solution targeting the banking market in China. Deliveries will be within Q2.

NEXT recently announced the first successful product integration of its China ID sensor solution for a tier one Chinese OEM (Mingsen). In line with the agreement and NEXT’s previous estimates, Mingsen has now placed an 8 MNOK order for NEXT’s China ID sensor solution. The customer’s solution targets the banking market in China.

Early 2024, NEXT received its much-coveted China ID certification, a regulatory requirement for participating in the banking tenders in China. Recently another significant product milestone was announced, being NEXT’s first successful product integration of its China ID certified sensor solution. Mingsen’s product targets the banking market in China, where the China ID certification is used for on-device authentication and verification purposes.

Ulf Ritsvall, Chief Executive Officer at NEXT, comments:
“I am extremely pleased to announce the very first purchase order for our China ID certified sensor solution and that NEXT’s China ID sensor solution is ready for mass-production. Today, China ID is required to be granted access to the most attractive, top tier tenders within the banking and finance industry. Our technology is in high demand as it is secure and remains robust throughout the most demanding authentication and verification environments. We expect this first order to put NEXT in a highly competitive position and give us a first mover advantage on the China ID market”.

He adds:
“This order is also a proof-point, validating our team’s efforts. Given NEXT’s previous turnaround process, we are proud that we have now delivered on our promises and in line with our strategy”.

For more information, please contact:

Ulf Ritsvall, Chief Executive Officer

Eirik Underthun, Chief Financial Officer

About NEXT

NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the payment and fintech, government ID, access control and office and notebook markets. The company’s patented NEXT Active Thermal ® principle allows the development of large, high-quality fingerprint sensors with superior security level. NEXT Biometrics Group ASA is headquartered in Oslo, with sales, support, and development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.


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