NEXT Biometrics Group ASA (Oslo Bors: NEXT) today announced that NEXT's 13.4 million shares outstanding were approved for trading on the main list of the Oslo Stock Exchange, or Bors, beginning Thursday, December 17, 2015, with the trading symbol "NEXT," as the public company moved up from its previous listing on the Oslo Exchange Axess.
Tore Etholm-Idsoe, CEO of NEXT, headquartered in Oslo and the leading producer of low-cost high-quality fingerprint sensors, said, "We expect that listing NEXT shares on the main list will broader appeal to shareholders, increase access to capital raising opportunities to fund growth and result in wider recognition in the financial community."
On December 17th, the NEXT CEO will ring the bell to begin the trading day and also deliver a presentation for financial media, securities analysts and NEXT investors at the Oslo Bors.
Etholm-Idsoe said, "As people, devices, facilities and financial transactions require the highest level of security, NEXT is well positioned for growth. Based on our patented technology, NEXT markets fingerprint sensor modules up to 70% below prices of same-size sensors of competitors and we are the distinct leader in the important full-size sensor sector of the market, where both convenience and consistently reliable security capability are vital."
The CEO said, "NEXT sensors are reliable, convenient and secure for mass market use as proven in extensive testing conducted by the University of Madrid Carlos III, a major resource for biometric research. He added that Dell's recent selection of NEXT full-size fingerprint sensors for select notebook and tablet products underscores NEXT's ability as one of only three companies winning such an assignment from a global Tier-1 company."