NEXT Biometrics receives NOK 6.3 million purchase order for recently launched FAP 20 Basalt L1 Slim sensor

10 Jun 2025 08:00 CEST

June 10, 2025 – NEXT Biometrics, a world leader in advanced high-security
fingerprint sensor technology, has extended its partnership with distributor XM
Holder. The agreement is for an initial order of NEXT’s recently launched FAP 20
Basalt L1 Slim sensor, order valued at NOK 6.3 million. The shipments will start
in Q3 2025 and NEXT’s local engineers will support device manufacturers, like
payments point-of-sale (POS) vendors, in integrating the sensors into devices
for India’s Aadhaar program. NEXT anticipates additional orders with a potential
annual value of NOK 25 million.

“This market is moving quickly since UIDAI brought in more stringent
certification requirements for Aadhaar,” adds Ulf Ritsvall, CEO at NEXT
Biometrics. “Securing this PO so soon after the launch of the product
demonstrates the demand for high-security, high-performance biometrics for use
cases like identity verification and financial services. Moreover, the device
makers don't have to figure out integration by themselves. Our hardware and
software engineers will work closely with them to integrate swiftly and
seamlessly to launch compliant devices as soon as possible.”

The ‘L1 Slim’ is a new addition to NEXT’s Basalt FAP 20 product series (formerly
NEXT Access 300 series) and is the thinnest sensor of its kind, while
maintaining the same level of security and performance. This optimizes the
integration process and, as the sensor is already Level 1 certified for use in
India’s Aadhaar program, time to market for POS vendors is reduced by up to 12
months.

NEXT’s Active Thermal® technology uses both heat from the finger and 3D imaging
to authenticate the user. This enables superior authentication speed and
liveness detection to combat spoofing attacks, when compared with other
fingerprint authentication technologies. The product also minimizes energy
consumption and delivers exceptional performance in varying light and
environmental conditions.

Over the last 25 years, NEXT Biometrics has shipped more than 10 million
sensors. Its Active Thermal® technologies are certified by entities including
Aadhaar, FBI-PIV, MOSIP Compliance and NIBSS, and have been implemented in
countries including Bangladesh, China, Ghana, India, Malaysia, Pakistan, U.S.
and Vietnam.

For more information about the Basalt L1 Slim sensor, visit our website.

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.

About NEXT Biometrics
NEXT Biometrics is a pioneer of high-security biometric authentication, enabling
users to live simpler, safer lives.

NEXT Biometrics was founded on the belief that strong authentication and
identification can be secure, seamless and cost effective for governments and
businesses with Active Thermal® technology. More than 25 years later, NEXT has
retained its Norwegian heritage and grown to serve customers globally.

Today, our solutions are used by billions of users each year across 10+ national
ID and local programs, 150.000+ POS terminals, 25+ laptop and tablet models from
tier-1 OEMs, and physical and logical access control implementations. Through
state-of-the-art technology, deep industry expertise and close collaboration
with partners for seamless integration, Active Thermal® biometrics can make life
simpler and safer for everyone. For more information, visit NEXT Biometrics,
read our blog and follow us on LinkedIn. NEXT Biometrics is listed on Euronext
(NEXT.OL).

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NEXT Investor contact:
Ulf Ritsvall (CEO), ulf.ritsvall@nextbiometrics.com
Eirik Underthun (CFO), eirik.underthun@nextbiometrics.com

This stock exchange announcement was published by Eirik Underthun, CFO at NEXT
Biometrics Group ASA, on 10 June 2025, at 08:30 hours (CEST).

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