NEXT Biometrics Increases Revenue Estimate from Tier 1 Client for Fingerprint Sensors

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NEXT says its first Tier 1 client added 20% to previous order, increasing it by at least 200,000 more fingerprint sensors

NEXT Biometrics' first Tier 1 client company increases order for NEXT fingerprint sensors by 20%.

We see this as confirmation we are on track with our first Tier 1 client company and that they consider it a clear opportunity to differentiate in their product space using NEXT fingerprint sensor technology.

NEXT Biometrics Group ASA (OAX: NEXT) today announced that after 3 months of integration work and preparation, its first Tier 1 Design-Win client company has decided to implement NEXT fingerprint sensors in two more of its product models.

NEXT said that the expansion of the Tier 1 project increases the volume estimate of the deal by approximately 20% to what it previously quoted to be sensors numbering in 7 digits.

NEXT Biometrics CEO Tore Etholm-Idsoe commented, "The Tier 1 client order expansion is significant. We see this as confirmation we are on track with our first Tier 1 client company and that they consider it a clear opportunity to differentiate in their product space using NEXT fingerprint sensor technology."

NEXT, the leader in high-performance low-cost fingerprint sensors based on its patented technology, did not disclose the client company or specific applications being developed.

ABOUT NEXT BIOMETRICS (http://www.NextBiometrics.com)
Enabled by its patented NEXT Active Thermal™ principle, NEXT offers high quality area fingerprint sensors at a fraction of the prices of comparable competitors. NEXT’s fingerprint sensors are designed for 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, with sales, support and development subsidiaries in Seattle, Taipei, Prague and Shanghai. Contacts: Tore Etholm-Idsoe, CEO, Tore.Idsoe (at) NEXTbiometrics.com and Knut Stalen, CFO, Knut.stalen (at) NEXTbiometrics.com.

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