NEXT – first order delivery to Bangladesh confirmed

25 Jun 2024 16:00 CEST

Norwegian biometrics company NEXT Biometrics recently announced its entry into
the biometric market in Bangladesh. Following the multi-year agreement with
Commlink Infotech LLC, the customer has now confirmed the first order delivery,
valued at NOK 3 million. NEXT’s deliveries have started in Q2, and the client’s
product launch is expected in Q3 2024.

In line with its strategy, NEXT continues to expand its business to high-tier
segments in selected growth regions. As previously communicated, the company
recently made its market entry into Bangladesh by signing a multi-year agreement
with Commlink Infotech LLC (Commlink). The total five-year contract value is NOK
95 million.

The agreement covers deliveries of NEXT’s flagship fingerprint sensor FAP20 for
integration in Commlink’s biometric reader, targeting the banking applications
of Bangladesh. Commlink has now confirmed the first delivery as a part of the
agreement. The order value is NOK 3 million.

“I am very pleased to announce and confirm this first delivery. Not only is it a
significant proof-point for NEXT in our company’s intense scale-up phase, but it
also validates the strength and functionality of our strategy and the
attractiveness of our technology”, says Digvijay Singh Kanwar, Senior Vice
President and Head of Sales, India, USA, Europe and Africa, at NEXT.

When signing the agreement, NEXT´s expertise in active thermal, fingerprints
technology and its ability to provide a state-of-the-art and proven Liveness
feature, a function which helps to identify fake authentication attempts and
thus prevent biometric identity spoofing, was emphasized.

“Commlink is one of the largest players on the market in Bangladesh and I am
proud they have trust in us as their partner. It is a testimonial of the added
value and security that our active thermal technology offers as the financial
industry’s need for safe and reliable authentication keeps increasing. We very
much look forward to supporting Commlink throughout the launch of their
biometric reader later this year”, concluded Digvijay Singh Kanwar.

For more information, please contact:
Ulf Ritsvall, Chief Executive Officer
ulf.ritsvall@nextbiometrics.com

Eirik Underthun, Chief Financial Officer
eirik.underthun@nextbiometrics.com

About NEXT
NEXT provides advanced fingerprint sensor technology that delivers uncompromised
security and accuracy for the best possible user experience in the payment and
fintech, government ID, access control and office and notebook markets. The
company’s patented NEXT Active Thermal ® principle allows the development of
large, high-quality fingerprint sensors with superior security level. NEXT
Biometrics Group ASA is headquartered in Oslo, with sales, support, and
development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.

More information:
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