Norwegian biometrics company NEXT, confirms a new 8 MNOK order for China ID sensors. The customer’s solution targets the banking market in China and the sensors will be delivered in Q3.
In the first half of 2024, NEXT announced the first successful product integration of its China ID sensor solution and its first order for China-ID sensors. Now, NEXT has received another 8 MNOK purchase order for China-ID sensors. The sensors will be used in new design wins and integrated devices for the banking market in China.
Joshua Chiu, Senior Vice President, South-East Asia at NEXT, comments:
“The new 8 MNOK order provides confidence in our go to market strategy for China. It also shows that our technology is in high demand. We expect continued growth in the market for high-end fingerprint sensors in China in 2024 and 2025.”
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.