NEXT Biometrics and MK Group to Expedite Secure Authentication Solutions in Vietnam, South Africa and Brazil
Oslo, March 13, 2019 –NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, and secure authentication and smart card solutions provider MK Group have agreed to extend cooperation. Joint market and product development efforts will now also comprise identity and access management (IAM) applications as well as Public-Key-Infrastructure* (PKI)-based secure authentication solutions.
NEXT Biometrics had announced a joint R&D program with MK Group for next generation biometric smart cards in November 2018. Close collaboration between both companies` technical and sales teams since then revealed additional market opportunities which both companies intend to seize henceforth in Vietnam, South Africa and Brazil in addition to the continued collaboration on the development and deployment of biometric payment cards.
“We are very pleased to expand our collaboration with MK Group and to conjointly leverage the advantages of NEXT`s large-area fingerprint sensor technology in an even broader range of secure authentication solutions and on a wider geographic space,” said Alain Faburel, NEXT Biometrics Chief Sales and Marketing Officer.
“The positive market and customer feedback that we have seen over the past months was a strong encouragement for us to expand our collaboration with NEXT Biometrics,” said Nguyen Trong Khang, Chairman and CEO of MK Group. “Interest for biometric payment and secure authentication solutions is growing steadily and we look forward to seizing this opportunity together with our strategic partner NEXT Biometrics.”
*A Public-Key-Infrastructure (PKI) aims at facilitating secure electronic transfer of information based on a set of policies, roles and procedures needed to create, distribute, manage, store and revoke digital certificates and public-key encryption. It is used for activities and transactions such as e-commerce and online banking where simple passwords are regarded as inadequate authentication method.
NEXT Media contact:
Tanja Moehler, tanja.moehler@nextbiometrics.com
NEXT Investor contact:
Knut Stalen, knut.stalen@nextbiometrics.com
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, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.
About MK Group
MK Group Joint Stock Company (MK Group) is a Vietnam based company that specializes in wide ranges of digital secure authentication solutions and smart card products. These include: Smart payments; identification and exchange data; digitized identification; transaction and communication; and secure data for identity, transactions and communication. MK Group has 19 years’ experience in serving finance – banking, governments, enterprises, transportation and telecom and ceaselessly invests in order to improve the quality of products and services. The company works closely with customers, partners and other stakeholders to successfully transform their businesses in the fast-changing world of technology.
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