Oslo, March 30, 2026: NEXT Biometrics has received an additional order from a
U.S. based Identity and Access Management (IAM) and biometric authentication
solution provider. NEXT's technology is already embedded in the partner's
existing solutions and continues to provide the foundation for the latest
solution in its range. These solutions help governments and corporations in the
fight against cyber threats, like phishing, by moving to password less user
identification through zero trust multi-factor authentication. 

As communicated in a NEXT news release on 1 August 2025, for NEXT's Oyster III
solution, NEXT has now received an additional order with a modest value. The
order is targeted to be delivered in Q2 2026.  

The global IAM market is currently valued at USD 22.9 billion and is projected
to grow to USD 65.5 billion by 2034 [1]. 

"This order shows growing demand for IAM solutions and faith in our solutions as
the partner will receive a white labelled Oyster III product from NEXT and it
will market the hardware with its own brand." comments Digvijay Singh Kanwar,
Senior Vice President, Head of Sales IUEA (India, US, EU and Africa) at NEXT
Biometrics.  

The Oyster III solution enhances security and streamlines workflows by replacing
slower, less secure sign-in methods. It is built to support the latest software
and ensures compatibility with the new and existing hardware via the Windows
Biometric Framework (WBF). NEXT's Active Thermal® technology uses both heat from
the finger and 3D imaging to authenticate the user. This enables superior
liveness detection to combat spoofing attacks, when compared with other
fingerprint authentication technologies. The user experience is optimized by
minimizing false acceptance and false rejection rates, while incorporating LED
support to prompt the user on finger placement and can completion. 

For more information about NEXT Biometrics' solutions, visit our website and
contact sales@nextbiometrics.com. 

[1] https://www.precedenceresearch.com/identity-and-access-management-market 

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 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).