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.