Oslo ,July 9, 2021 -NEXT Biometrics (Oslo Bors : NEXT), has been granted$0.9 million in loan relief from theUS Small Business Administration . InMay 2020 NEXT`s American subsidiaryNEXT Biometrics Inc received a COVID-19 US government sponsored loan (Paycheck Protection Program) of approximately$1 million . The program was created by the Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020 to cover payroll and help cover overhead expenses. The loan qualifies for loan forgiveness and theUS Small Business Administration has now granted$0.9 million in loan relief toNEXT Biometrics Inc. The loan relief will be booked as a reduction in other operating expenses in NEXT's Q2 2021 report. AboutNEXT 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 inOslo , with sales, support, and development operations inSeattle ,Taipei , Bengaluru andShanghai . NEXT Investor contact:Peter Heuman (CEO), peter.heuman@nextbiometrics.comEirik Underthun (CFO), eirik.underthun@nextbiometrics.com This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Thisstock exchange announcement was published byEirik Underthun , CFO atNEXT Biometrics Group ASA , onJuly 9, 2021 at09:21 CET .
Click here for more information
© Oslo Bors ASA, source