| Expansion of the project is said to increase the volume estimate of the deal by 20% |
NEXT Biometrics Group ASA announced that after 3 months of integration work and preparation, its first Tier 1 Design-Win client company has decided to implement NEXT fingerprint sensors in two more of its product models.
NEXT said that the expansion of the project increases the volume estimate of the deal by approximately 20% to what it previously quoted to be sensors numbering in 7 digits.
NEXT Biometrics CEO Tore Etholm-Idsoe commented, “The Tier 1 client order expansion is significant. We see this as a clear confirmation that we are on track with our first Tier 1 client company and that they consider it a clear opportunity to differentiate positively in their product space by using NEXT fingerprint sensor technology."