NEXT Biometrics has received an additional Design-win and purchase order from distributor XM Holder in China. XM Holder's confidential customer has won a point of sales terminal with dual NEXT FAP20 fingerprint sensors. The biometric enabled point of sales terminal will be used in taxi vehicles for cash-less payments in sub-Saharan country and demonstrates the result of NEXT's close collaboration with XM Holder and its customer.

The initial purchase order is NOK 1 million and the initial delivery will take place latest during Fourth Quarter 2023. This is a recurring sensor volume order with a, by customer, estimated annual revenue of NOK 4.5 million from 2024 and onwards.