Oslo, Norway – October 14, 2024 – NEXT Biometrics (OSE: NEXT), a global leader in advanced fingerprint sensor technology, announced the first major purchase order and successful delivery of 3,000 units of its FAP20 biometrics sensor to national security and identification solutions in Malaysia.
This order marks the company’s first mass production order targeted for Malaysia featuring NEXT’s cutting-edge Active Thermal® technology. It is a key strategic initiative that replaces a competitor’s product. This is a design win that was earlier communicated as a part of the number of design wins added in Q2 2024.
“We are thrilled to announce our first major order and delivery to Malaysia, a market with growing demand for advanced biometrics solutions. This order is a major step forward in a new market for our technology and products, and it aligns very well with NEXT’s commitment to delivering secure, reliable, and scalable biometric systems for mission-critical applications, says Joshua Chiu, Senior Vice President, Greater China.”
The NEXT FAP20 product is part of an OEM product enhancing Malaysia’s national identification systems. The system offers unparalleled performance and reliability, setting a new standard for secure identity verification. If the Malaysian market responds positively, further orders are anticipated, solidifying the collaboration between NEXT Biometrics and the OEM to meet future demands across various sectors.
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.