Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Informationsteknik |
Industri | Elektronisk utrustning |
2022-08-12 11:30:00
Oslo, August 12, 2022 - NEXT Biometrics (Oslo Bors: NEXT), announces that it has
successfully passed the single milestone established in the agreement with the
India based OEM. The complete USD 2.2 million order is now irrevocable.
The initial order of USD 2.2 million in the long-term FAP20 agreement between
the India based OEM (Original Equipment Manufacturer) and NEXT (communicated on
2 February 2022), is now irrevocable. There was one milestone established in the
agreement, which made 90% of the order conditional. NEXT has now successfully
passed this milestone, and therefore the complete order is irrevocable.
NEXT is together with its India based OEM focused on establishing a strong
position in the market and winning market share when India's upgraded biometric
security program will launch. This upgraded nation-wide biometric program is
delayed, and our local partners indicate a likely market launch in India around
the end of Q4 2022. The India based OEM has a few additional steps to complete
before passing its government program certification in India. This is a great
milestone for NEXT FAP20 sensors as well as NEXT updated Go-To-Market strategy
for India.
"Passing this milestone gives us additional confidence and proves our
competitive advantage with partners, in the world's largest biometric market. We
believe that our partners are set up to succeed with NEXT's upgraded FAP20
sensors in the India Aadhaar market," said Ulf Ritsvall, SVP of Sales &
Marketing of NEXT Biometrics.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
About NEXT Biometrics
NEXT provides advanced fingerprint sensor technology that delivers uncompromised
security and accuracy for the best possible user experience in the smart card,
government ID, access control and notebook markets. The company's patented NEXT
Active ThermalTM principle allows the development of large, high quality
fingerprint sensors in both rigid and flexible for-mats. NEXT Biometrics Group
ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and
development operations in Seattle, Taipei, Bengaluru and Shanghai.
# # # # #
NEXT Investor contact:
Peter Heuman, peter.heuman@nextbiometrics.com
Eirik Underthun, Eirik.underthun@nextbiometrics.com
This stock exchange announcement was published by Eirik Underthun, CFO at NEXT
Biometrics Group ASA, on August 12, 2022 at 10:40 CET.