NEXT Biometrics signs order for 50.000 area sensors

November 21st 2014

NEXT Biometrics Group ASA has received an initial purchase order for 50.000 area sensors from the Chinese market.

All 50.000 sensors are ordered for delivery in 2014.

This NEXT partner, a leading solutions provider within Chinese Banking and Corporate markets has after a long period of testing and system level product development now chosen to move forward with the NEXT technology.

Tore Etholm-Idsøe, CEO NEXT Biometrics said: "We are very happy to secure this partner. Their strongholds within banking and major corporate market segments in China represents a significant opportunity for NEXT. The fact that NEXT sensors are significantly lower cost than any other credible sized sensors represents major opportunities for market expansions."

ABOUT NEXT BIOMETRICS

Enabled by its patented Active Thermal Principle, NEXT offers high quality area fingerprint sensor at a fraction of the prices of comparable competitors. A wide range of product formats including Smartphones, Tablets, PC's, Doors, Time registration systems, 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, Silicon Valley, Prague, Taipei and Shanghai.

Investor & Press 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