NEXT receives 8 MNOK purchase order from China based distributor

10 Sep 2024 13:00 CEST

Norwegian biometrics company NEXT, confirms a new 8 MNOK order for China ID
sensors. The customer’s solution targets the banking market in China and the
sensors will be delivered in Q3.

In the first half of 2024, NEXT announced the first successful product
integration of its China ID sensor solution and its first order for China-ID
sensors. Now, NEXT has received another 8 MNOK purchase order for China-ID
sensors. The sensors will be used in new design wins and integrated devices for
the banking market in China.

Joshua Chiu, Senior Vice President, South-East Asia at NEXT, comments: “The new
8 MNOK order provides confidence in our go to market strategy for China. It also
shows that our technology is in high demand. We expect continued growth in the
market for high-end fingerprint sensors in China in 2024 and 2025.”

This information in this stock exchange announcement is considered to be inside
information pursuant to the EU Market Abuse Regulation and is published in
accordance with section 5-12 the Norwegian Securities Trading Act.

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.

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