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