NEXT signs strategic partnership with a tier-1 Chinese company for the healthcare and medical insurance market
NEXT Biometrics
by Fingerprint sensors
1M ago
Norwegian biometrics company NEXT Biometrics enters a new and very large business area in China. NEXT has signed a strategic partnership with a Beijing-based company (the Partner) in the healthcare and medical insurance market. The Partner has a dominating position in these markets, and the aim is to make NEXT´s technology a preferred solution and industry standard in applicable markets. NEXT expects to start delivering sensors to this partner to this partner during the second half of 2024. Biometric verification is a requirement in large parts of the healthcare sector. One example is machines ..read more
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NEXT Biometrics: Presentation of Q4 2023 results and Capital markets day
NEXT Biometrics
by Fingerprint sensors
1M ago
Oslo, 24 January 2024NEXT Biometrics would like to welcome investors to its presentation of Q4 2023 results and 2024 Capital Markets Day. The joint event will take place on Wednesday 14 February 2024 from 11:00 to approximately 14:00 CET, with opportunity for both in-person and virtual attendance. The event will be held at Hotel Continental, Stortingsgata 24/26, 0117 Oslo. NEXT will present Q4 2023 results on Wednesday, 14 February from 11.00 to 11.30 CET. Management will be represented by CEO Ulf Ritsvall and CFO Eirik Underthun. The Capital Market Day Presentations will start after the Q4 pr ..read more
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Product milestone achieved in China – NEXT´s partner has now certified the FAP20 flagship product for China ID
NEXT Biometrics
by Fingerprint sensors
2M ago
Norwegian biometrics company NEXT Biometrics (NEXT) continues to evolve its footprint in Asia. NEXT is pleased to announce that FAP20 has now received its prestigious China ID certification through a local Chinese partner. China ID is a nationwide security requirement similar to India’s Aadhaar program, providing NEXT’s customers access to otherwise closed market segments. NEXT’s products are now ready to launch, targeting the highly demanding government and banking segment, featuring the integration of NEXT’s high-security, flagship fingerprint sensor FAP20. A China ID certification resembles ..read more
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It’s a wrap! Summarizing 2023
NEXT Biometrics
by Fingerprint sensors
3M ago
Let’s get started by rewinding to the beginning of the year! In January, we announced our ambitions to further expand in China and how our partner, Wiser, would help us with this. Shortly after, our efforts in India paid off as we got a USD 1 million shipment request from an Indian OEM later on identified as ACPL. Meanwhile, the Indian authorities also communicated the generational upgrade of India’s national Aadhaar program. In short, all current so called ”L0 devices” would need to be upgraded to the next security level, the so-called ”L1 level”. If you have followed us, you already know thi ..read more
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NEXT Biometrics strengthens its Indian presence and receives new NOK 12 million volume order
NEXT Biometrics
by Fingerprint sensors
3M ago
NEXT Biometrics (NEXT) has received a new volume order from a Singapore-based distributor, amounting to NOK 12 million, to deliver its flagship fingerprint sensor FAP20. NEXT will start its deliveries in Q4 2023 and expects to complete deliveries for this order by the end of Q1 2024. In line with its strategy, NEXT continues to make progress in the rapidly evolving Indian biometrics market. Today, NEXT serves and supports several high-security business segments, such as the financial industry, law enforcement and top tier PC OEMs, with its fingerprint sensors based on its patented Active Therm ..read more
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NEXT well on track with breakthrough contract’s progress – receives initial NOK 6.6 million volume order from Asian distributor
NEXT Biometrics
by Fingerprint sensors
3M ago
NEXT Biometrics (NEXT) continues to rapidly scale its operations – the Norwegian biometrics company has now received a new order to deliver its FAP20 fingerprint sensors. On May 23, 2023, NEXT announced a breakthrough deal with a new Asian distributor, which was structured as a three-year preferred supplier contract with a minimum volume commitment. NEXT has now received its first and initial stocking order relating to this contract. The distributor’s end-customers are targeting the China ID market with their products and the first customer plans for mass production in Q1 2024. NEXT’s deliveri ..read more
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NEXT receives initial NOK 1.5 million volume order from Indian OEM
NEXT Biometrics
by Fingerprint sensors
4M ago
NEXT Biometrics (NEXT) announces new volume order to deliver its flagship, recently Aadhaar certified, FAP20 fingerprint sensor to one of its Indian OEM customers in Q4 2023. The order is a part of the NOK 65 million order that was announced on 3 July 2023. The customer’s products target the Point of Sales (POS) market. As previously announced, the Indian government is upgrading India’s biometric and digital ID services program, Aadhaar, to the next generation security standard. Thus, as per June 2024, all devices to be used within the ID program must now meet new, stricter security requiremen ..read more
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NEXT Biometrics expands executive management team with three new appointments – preparing to accelerate growth
NEXT Biometrics
by Fingerprint sensors
5M ago
NEXT Biometrics (NEXT) announces several changes to its executive management team, with the appointment of three new, senior positions. Effective November 1, 2023, the roles of Senior Vice President & Head of Sales IUEA, Senior Vice President & Head of Sales South-East Asia and Chief Product Officer are now part of NEXT’s executive management team. The changes are designed to accelerate the company’s journey towards profitability and further increase its biometric know-how and technology leadership.   The newly appointed executive management team members are: Digvijay Singh Kanwa ..read more
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New NEXT design-win with additional OEM in India
NEXT Biometrics
by Fingerprint sensors
5M ago
NEXT Biometrics (Oslo Bors: NEXT) continues its expansion on the rapidly evolving biometrics market in India. Today, NEXT has further solidified its foothold by adding a new design-win and signing another multi-year, non-binding commercial agreement (MoU) with a prominent new Indian OEM customer. The customer has exhibited its confidence in NEXT’s technology by developing a new product and initiating its engagement that includes a substantial order of FAP20 sensors. Notably, the customer has adopted an innovative strategy for addressing the L0 to L1 transition, by developing Bluetooth-enabled ..read more
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India uncovered – thermal progress and social justice on the world’s hottest biometric market
NEXT Biometrics
by Fredrik
6M ago
Wheat and rice. It is probably the last thing you’d spontaneously associate with biometrics. Yet, when you’ve met with Digvijay Singh Kanwar, Vice President for India at Next Biometrics (Next), chances are your perspective will drastically deepen and change. Money matters. Cynical as it sounds, it is probably why the last piece you read about biometric technology or business most likely covered it from a financial perspective. Having worked in the biometrics industry for over fifteen years, Digvijay Singh Kanwar has witnessed firsthand both the impressive changes taking place on an infrastruct ..read more
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