1'st TIER 1 Volume estimate increases by a minimum of 200.000 sensors

Oslo, Norway. February 24th 2015.

After 3 months of integration work and preparations the 1'st TIER 1 Design-Win of NEXT BIOMETRICS has decided to implement NEXT sensors in 2 more product models.

This expanison increases the volume estimates of the deal with approximately 20%. The total volume is previsously quoted to be in 7 digits. Thus the recent expansion is significant.

The company CEO, Tore Etholm-Idsoe comments " We see this as a clear confirmation that we are on track with our first TIER 1 and that they see a clear opportunity to differentiate positively in their product space, using NEXT technology"

ABOUT NEXT BIOMETRICS

Enabled by its patented NEXT Active Thermal™ principle, NEXT offers high quality area fingerprint sensors at a fraction of the prices of comparable competitors. A wide range of product formats including Smartphones, Tablets, PC's, Doors, Time registration systems, Wearables, Payment terminals, Flashdrives, USB-tokens, Key fobs and many more are targeted. NEXT BIOMETRICS GROUP ASA is a publically listed company headquartered in Oslo, Norway, with sales, support and development subsidiaries in Seattle, Taipei, Prague and Shanghai

Investor & Media contacts :
Tore Etholm-Idsoe, CEO, mob + 47 922 32 439, e-mail tore.idsoe@NEXTbiometrics.com
Knut Stålen, CFO, mob + 47 920 43 458, e-mail knut.stalen@NEXTbiometrics.com

About Us

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, Silicon Valley, Bengaluru, Taipei, Prague and Shanghai.

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