Oslo, Aug 13, 2021 – NEXT Biometrics (Oslo Bors: NEXT), has signed a partnership agreement with Paravision, the San Francisco-based, #1 ranked U.S. face recognition company.
The partnership enables NEXT to offer dual authentication methods to customers looking for both face and fingerprint biometric solutions.
Paravision is the #1 ranked U.S. provider and a top-10 global provider in several of NIST’s Face Recognition Vendor Test (FRVT) reports. Utilizing the latest in AI and computer vision, Paravision delivers better than 99.9% accuracy in many use cases.
Customers in several industry sectors will now be offered both top-ranked face recognition and FBI-certified fingerprint solutions. As an example, NEXT already has existing customers providing devices including both fingerprint and face authentication methods. With this partnership NEXT will become even more relevant in a rapidly developing biometric industry.
“We are proud to partner with NEXT Biometrics to power trusted, industry-leading face recognition and dual authentication solutions. Face and fingerprint are highly complementary, and we’re excited to see NEXT deliver the value of both modalities to their customer base.” says Paravision CEO Doug Aley.
In this multi-year agreement, Paravision will support NEXT in providing dual authentication solutions to customers. This will enable NEXT to start generating software revenues on top of existing fingerprint hardware revenues.
“We have found a perfect partner in Paravision. With this step NEXT enters the software market and we enrich our biometric offering overnight”, says NEXT CEO Peter Heuman.
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.
Powered by AI and leveraging the latest advances in deep learning, Paravision’s industry-leading computer vision software is trusted globally by security device manufacturers, solution providers, systems integrators, and financial services firms to deliver frictionless experiences and comprehensive safety and security. From the latest in Edge AI platforms to cloud-ready solutions, Paravision powers computer vision-centric solutions with modular, highly scalable toolsets that deliver breakthrough capabilities in the most challenging conditions.
NEXT Investor contact:
CEO, Peter Heuman, firstname.lastname@example.org
CFO, Eirik Underthun, email@example.com