The purchase order is a result of close collaboration with Newland Payment Technology (announced May 16, 2019). The FAP 20 sensors are expected to be shipped in March for integration in fingerprint-enabled payment terminals. The terminals are part of financial inclusion strategy introduced by an undisclosed national bank outside China. The strategy aims at adopting fingerprint identification and authentication to extend financial services to a larger share of the country’s population.
“We are pleased to announce the first commercial order for our uniquely positioned large PIV certified fingerprint sensor,” said Peter Heuman, CEO of NEXT Biometrics. “This first order will not have a significant revenue impact, but it is a strong proof-point of our customer focus and technology edge. The FAP20 sensor is subject to strong customer interest and we expect to see additional commercial orders during 2020.”
NEXT’s FAP20 module (One Touch 2000) was recently certified by the FBI as tested and in compliance with the FBI’s Next Generation Identification (NGI) Image Quality Specifications (IQS). A review of the test data was conducted by the FBI’s Criminal Justice Information Services Division. For PIV listing information please visit the official FBI site at – https://www.fbibiospecs.cjis.gov/Certifications/
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, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.
About Newland Payment Technology:
Newland Payment Technology (NPT) is the 2nd largest POS supplier worldwide according to The Nilson Report. Founded in 1994 in Fuzhou, China, NPT has been offering complete, flexible and adaptable suite of POS products, solutions and services whilst maintaining security and future-proofing its offerings to its valued customers and partners around the world. Building upon its heritage of innovation and value-added solutions, NPT aims to strengthen its position as a truly global leader within the secure payment world through the network of channel partners in more than 40 countries.
NEXT Investor contact:
Peter Heuman (CEO), email@example.com