NEXT Biometrics Receives Initial Order for 100,000 Fingerprint Sensors in New SmartHome Segment

NEXT says customer expects sales in excess of 1 million units in first 12-18 months

Oslo, Norway April 22, 2015


NEXT Biometrics Group ASA (OAX:NEXT), today announced it has received an initial order for 100,000 fingerprint sensors from a leading design and manufacturing company in the SmartHome segment, with NEXT sensor deliveries to begin in July and completed by November.

NEXT said its new customer targets sales in excess of 1 million units in the first 12 to 18 months after launching the new products later this year, when its name will be made public.

NEXT CEO Tore Etholm-Idsøe said, "After 12 months of design and testing iterations our customer, a leading design and manufacturing house, moved forward with its first volume order. The application is SmartHome-related and will be distributed by a segment leading brand name player."

Etholm-Idsoe added, "This order is significant as it further highlights the potential volumes in these ‘NEXT-enabled' markets, where our high quality and low cost sensor enables the market itself."

The CEO of NEXT, the world's lowest-cost provider of fingerprint sensors, said, "Looking at the fundamentals, technology and market-wise, NEXT Biometrics now has access to a larger combined market than any other player in our industry."

ABOUT NEXT Biometrics:
Enabled by its patented NEXT Active Thermal principle, NEXT Biometrics (http://www.nextbiometrics.com) offers high quality area fingerprint sensors at a fraction of the prices of comparable competitors. A wide range of product formats including Smartphones, Tablets, PC's, Doors, Time registration systems, Wearables, Payment terminals, Flashdrives, USB-tokens, Key fobs and many more are targeted.

NEXT Biometrics Group ASA is a publicly-listed company headquartered in Oslo, Norway and with sales, support and development subsidiaries in Seattle, Silicon Valley, Taipei, Prague and Shanghai. Media and Investor contacts for NEXT Biometrics: Tore Etholm-Idsøe, CEO, Tore.Idsoem (at) NEXTbiometrics.com and Knut Stalen, CFO, Knut.Stalen (at) NEXTbiometrics.com.

Featured Product

VMP EREN-42E1K 19-inch Equipment Rack Enclosure

VMP EREN-42E1K 19-inch Equipment Rack Enclosure

Now shipping, the new 42 rack space EREN-42E1K 19-inch Equipment Rack Enclosure is newest and largest member of VMP's EREN Series. "The EREN Series has been designed for use with a multitude of security, audio, video, and communication components, and the EREN-42E1K is a sizable upgrade in both depth and weight capacity to our popular EREN-42E 19-inch equipment rack enclosure," explained Keith Fulmer, president of VMP. "The EREN-42E1K has a usable depth of 33 inches and a durable load capacity of 1,300 lbs. (a 30 percent increase from the EREN-42E) to fit just about any and every need." The cost-effective, portable, and fully welded EREN family of 19-inch equipment rack enclosures has been designed for installations where protected components are a necessity. The EREN Series, which comes complete with integrated cooling fans and lockable, removable side panels (with optional locks) allows for the organization of multiple electronic components, while at the same time protecting them from thermal issues, as well as damage or theft. Additional EREN Series specifications include: works with all standard 19-inch rack equipment and accessories; rails threaded with standard 10-32 threading; tempered glass front door; double swing steel rear door; adjustable front and rear rails; vented top and bottom; top and bottom cable routing knockouts; reversible hinged front and rear door; casters and leveling feet; ships assembled; EREN-42E1K MSRP: $1,499.00