NEXT Biometrics Signs Market-leading Distributor AqTronics Technologies in India

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AqTronics to distribute NEXT high-quality low-cost fingerprint sensors to growing biometrics market in India

NEXT Biometrics high quality area fingerprint sensor modules to be distributed in growing India market by AqTronics Technologies.

We have searched to find the best partner in the vast and fast growing market in India. There is great demand for our new fingerprint sensor modules being launched in the past months, and we believe AqTronics is the perfect channel partner for NEXT.

NEXT Biometrics Group ASA (OAX:NEXT), today announced it has signed AqTronics Technologies as distributor in India, one of the world´s largest markets for biometric solutions.

Tore Etholm-Idsøe, CEO of NEXT Biometrics, the Norway-based leading provider of high-quality low-cost fingerprint sensors, said, "We have searched to find the best partner in the vast and fast growing market in India. There is great demand for our new fingerprint sensor modules being launched in the past months, and we believe AqTronics is the perfect channel partner for NEXT. With more than 7 years of experience in the Indian biometrics industry, AqTronics has become a trusted and leading distributor for Identification products in India.“

Ranga Prasad, Marketing Director of AqTronics Technologies, said, "India's billion people population, with close to 900 million phone subscribers, forms a major market for tablets, smart phones, time & attendance, eKYC and IOT markets. The fingerprint sensor market for the above applications demands a well working yet cost efficient fingerprint sensor. We believe NEXT Biometrics high quality, low cost sensors will open many new design opportunities in India."

About AqTronics Technologies:
AqTronics (http://www.aqtronics.com) is an innovator in distribution and marketing of semiconductors, passive, interconnect, electro-mechanical, IT and Enterprise products. AqTronics is focused on demand creation distribution model for India market. AqTronics was incorporated in the year 2008, headquartered in Bangalore, India and was founded by a team of professionals comes from Semiconductors & IT Product background having more than 25 years of industry experience.

About NEXT Biometrics:
Enabled by its patented NEXT Active Thermal principle, NEXT Biometrics (http://www.NextBiometrics.com) offers high quality area fingerprint sensors at a fraction of the prices of comparable competitors. A wide range of product formats including Smartphones, Tablets, PC's, Doors, Time registration systems, Wearables, Payment terminals, Flashdrives, USB-tokens, Key fobs and many more are targeted. NEXT Biometrics Group ASA is a publicly-listed company headquartered in Oslo, Norway and with sales, support and development subsidiaries in Seattle, Silicon Valley, Taipei, Prague and Shanghai.

Contacts:
AqTronics: Rangaprasad M.A, Marketing Director, ranga (at) aqtronics.com, Phone: +91 9880848036
NEXT Biometrics: Tore Etholm-Idsoe, CEO, tore.idsoe (at) nextbiometrics.com, Phone +47 922 32 439 and Knut Stålen, CFO, knut.stalen (at) nextbiometrics.com, Phone +47 920 43 458.

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