NEXT Biometrics Secures 6 MNOK Purchase Order for Indian Market

23 Sep 2024 11:00 CEST

NEXT Biometrics (NEXT), a leading provider of advanced thermal sensor
technology, has received 6 MNOK purchase order for its advanced NEXT FAP20
sensors, which are set to be deployed in the growing Indian market. Delivery of
the sensors is scheduled for Q3 2024.

This order marks an important milestone for NEXT, as the sensors will be
supplied to OEM partners in India, where three prominent Indian OEMs are
currently pursuing the prestigious Aadhaar L1 certification using NEXT’s
cutting-edge technology. The order represents the continuation of contract
commitments made in the OEM contracts announced in 2023 and 2024.

Digvijay Singh Kanwar, Senior Vice President and Head of Sales for India, US,
EU, and Africa, expressed his enthusiasm:
"With its unique combination of Active Thermal technology and robust liveness
detection, NEXT's FAP20 is one of the most secure fingerprint sensors globally.
This purchase order reflects our growing presence in the Indian market, where
our FAP20 sensors are being used by L1 OEMs to create products for the Indian
Aadhaar ecosystem. This new order underscores NEXT’s continued success and
solidifies its role as a key player in the global biometrics industry.”

For more information, please contact:

Ulf Ritsvall
Chief Executive Officer, NEXT
ulf.ritsvall@nextbiometrics.com

Eirik Underthun
Chief Financial Officer, NEXT
eirik.underthun@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 payment and
fintech, government ID, access control and office and notebook markets. The
company’s patented NEXT Active Thermal(R) 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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