Norwegian biometrics company NEXT Biometrics enters a new and very large business area in China. NEXT has signed a strategic partnership with a Beijing-based company (the Partner) in the healthcare and medical insurance market. The Partner has a dominating position in these markets, and the aim is to make NEXT´s technology a preferred solution and industry standard in applicable markets. NEXT expects to start delivering sensors to this partner to this partner during the second half of 2024.
Biometric verification is a requirement in large parts of the healthcare sector. One example is machines issuing healthcare cards to the entire Chinese population, where enrollment, issuance, and the payment process require a biometric solution. The Partner will promote NEXT live-finger verification technology as a preferred solution and potential industry standard to relevant regulatory parties in China.
The Partner has its offspring in the Ministry of Healthcare and has become a dominating biometrics solution provider in the Chinese healthcare and medical care business. The Partner possesses a core technical team from IBM, has a broad sales network across more than 20 provinces, and with its own algorithm it provides biometric solutions for major healthcare bureaus and OEMs in China. It also has a strong position as a cooperation partner to OEMs in medical insurance devices and healthcare terminals.
NEXT recently announced its flagship sensor FAP20 had received the prestigious China ID certification. In the future, NEXT will also work with this new Beijing-based Partner to further explore market opportunities in the China ID market.
“Our live-finger verification is a perfect solution for the Chinese healthcare and medical insurance industry. We look forward to collaborating on this massive market with a partner that has an excellent position and a large market share”, says Ulf Ritsvall, Chief Executive Officer at NEXT.
For more information, please contact:
Chief Executive Officer at NEXT Biometrics
Chief Financial Officer at 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. NEXT Biometrics Group ASA is headquartered in Oslo, with sales, support and development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.