| The development order involves consulting and initial fingerprint sensors for the client seeking small device application |
NEXT Biometrics Group ASA announced it has received an initial development order, valued at $100,000 USD, from a new client in its “NEXT-enabled market” sector.
NEXT, the leader in high-performance low-cost fingerprint sensors based on its patented technology, did not disclose the client company or specific applications being developed.
Tore Etholm-Idsøe, CEO of NEXT Biometrics, said, “The main part of the order is for consultancy as NEXT will support its client with high level expertise to develop an undisclosed application within a new field. NEXT is uniquely able to deliver credible, robust sized sensors at unprecedented low cost levels. This area of our business we brand as the ‘NEXT-enabled market’ segment.”
Etholm-Idsøe added, “The NEXT development order application involves a small device in need of a high quality sensor at a low cost. By supporting our new customer we will be helping it create a new and exciting high volume market segment.”