(NEXT.OTC) NEXT Biometrics contemplates a listing on the Oslo Stock Exchange

22/05-2014 13:32:51

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Oslo, 22 May 2014

NEXT Biometrics Group ASA ("NEXT" or the "Company") announces today that the Company has initiated a process towards a listing of the Company's shares on Oslo Børs, alternatively Oslo Axess. 

 

In connection with the contemplated listing, NEXT intends to raise new equity capital through an initial public offering of shares (the "IPO") to further enable the development of the Company's proprietary technology, cost reduction activities, and increased working capital to facilitate the Company's expected near term growth.

 

The IPO is expected to be completed by the end of the second quarter of 2014. Arctic Securities ASA and Carnegie AS have been retained as joint-lead managers and joint bookrunners in connection with the IPO and the listing process. Further information about the listing process and the contemplated equity offering will be announced in due course.

 

NEXT is a provider of fingerprint sensor units based on the Active Thermal Principle, a proprietary and patented technology providing high quality area fingerprint sensors at low cost. The business of the Company consists of research and development, commercialization and manufacturing of fingerprint technology and products for a variety of uses. The Company has developed a number of fingerprint sensor modules which may be incorporated into a wide range of products and solutions, including amongst others, smartphones, tablets, notebooks, smartcard readers, and USB-tokens.

 

Contacts: 

 

Tore Etholm-Idsoe

Chief Executive Officer

Phone: +47 922 32 439

Email: tore.idsoe@nextbiometrics.com

 

For more information about the company, please visit www.nextbiometrics.com.