NEXT Biometrics enters a new and very large business area in China. NEXT has signed a strategic partnership with a Beijing-based company (the Partner) in the healthcare and medical insurance market. The Partner has a dominating position in these markets, and the aim is to make NEXT´s technology a preferred solution and industry standard in applicable markets.

NEXT expects to start delivering sensors to this partner during the second half of 2024. Biometric verification is a requirement in large parts of the healthcare sector. One example is machines issuing healthcare cards to the entire Chinese population, where enrollment, issuance, and the payment process require a biometric solution.

The Partner will promote NEXT live-finger verification technology as a preferred solution and potential industry standard to relevant regulatory parties in China. The Partner has its offspring in the Ministry of Healthcare and has become a dominating biometrics solution provider in the Chinese healthcare and medical care business. The Partner possesses a core technical team from IBM, has a broad sales network across more than 20 provinces, and with its own algorithm it provides biometric solutions for major healthcare bureaus and OEMs in China.

It also has a strong position as a cooperation partner to OEMs in medical insurance devices and healthcare terminals.