NEXT Biometrics, NEXT, confirms that a Tier one Chinese OEM for bank's has now
approved the first product integration of its China ID sensor solution - further
progress is expected in Q2 2024. 

One of NEXT's customers which was announced on September 1, 2023, has now
approved and successfully integrated NEXT's China ID certified sensor solution
into its device targeting the banking market in China. This product integration
is an important milestone for both the short and long-term development of NEXT's
product portfolio. 

Marcus Lauren, Chief Product Officer at NEXT, explains the implications of the
achievement: 
"This is our first customer integration that is based on our China ID certified,
flagship FAP20 sensors. Our customer's biometric integration will address
banking, finance and governmental applications, all top-tier security segments
where a China ID certification is a prerequisite. I would like to emphasize that
this is an important proof-point for our technology, a progressive milestone has
now been achieved." 

The China ID certification is used for on-device authentication and verification
purposes. It is a certificate providing NEXTŽs customer access to otherwise
closed market segments.

This product milestone was delayed in the internal product development
processes, which delayed the corresponding product approval among customers.
Some orders placed in Q1 as expected, will be booked in Q2 instead. The specific
Tier one Chinese OEM expects to place orders for 2024 and 2025 in the range of
NOK 24-27 million.

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.

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
NEXT provides advanced fingerprint sensor technology that delivers uncompromised
security and accuracy for the best possible user experience in the payment and
fintech, government ID, access control and office and notebook markets. The
company's patented NEXT Active Thermal ® principle allows the development of
large, high-quality fingerprint sensors with superior security level. NEXT
Biometrics Group ASA is headquartered in Oslo, with sales, support, and
development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai. 

This stock exchange announcement was published by Eirik Underthun, CFO at NEXT
Biometrics Group ASA, on 3 May 2024, at 12:50 hours (CET).