Oslo, September 1, 2023 – NEXT Biometrics (Oslo Børs: NEXT), has received a purchase order valued at NOK 18 million from Chinese distributor XM Holder. This order represents deliveries of NEXT FAP20 sensors covering new design wins in China.
As previously communicated in the NEXT Q2 report, the intense collaboration between NEXT’s Chinese market entry partner WISER has led to progress in terms of design wins and new demand for FAP20 sensors, which now has resulted in this purchase order from NEXT existing distributor XM Holder.
“We are pleased that our market entry partner WISER has started adding new design wins. These design wins enable a closer collaboration with XM Holder in China, placing this first purchase order with initial deliveries in Q3 and Q4 2023. This initial order demonstrates that our chosen market entry strategy for China is the right way for NEXT to address this large market”, said Ulf Ritsvall, SVP of Sales & Marketing.
This initial FAP20 purchase order from XM Holder covers the first and additional WISER design wins. NEXT high-security fingerprint sensors will be used in Banking applications in China.
About NEXT Biometrics
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the smart card, government ID, access control and notebook markets. The company’s patented NEXT Active Thermal™ principle allows the development of large, high quality fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and development operations in Seattle, Taipei, Bengaluru and Shanghai.