NEXT Biometrics Group ASA announced on September 1, 2023, has now approved and successfully integrated NEXT?s China ID certified sensor solution into its device targeting the banking market in China. This product integration is an important milestone for both the short and long-term development of NEXT?s product portfolio. The China ID certification is used for on-device authentication and verification purposes.

It is a certificate providing NEXT´s customer access to otherwise closed market segments. This product milestone was delayed in the internal product development processes, which delayed the corresponding product approval among customers. Some orders placed in First Quarter as expected, will be booked in Second Quarter instead.

The specific Tier one Chinese OEM expects to place orders for 2024 and 2025 in the range of NOK 24 million - NOK 27 million.