NEXT Biometrics (NEXT) announces new volume order to deliver its flagship, recentlyAadhaar certified, FAP20 fingerprint sensor to one of its Indian OEM customers in Q4 2023. The order is a part of theNOK 65 million order that was announced on3 July 2023 . The customer's products target the Point of Sales (POS) market. As previously announced, the Indian government is upgradingIndia's biometric and digital ID services program,Aadhaar , to the next generation security standard. Thus, as perJune 2024 , all devices to be used within the ID program must now meet new, stricter security requirements and be certified according toAadhaar's L1 certification level. TheAadhaar security upgrade creates strong momentum for NEXT, as roughly 4.5 million devices are expected to either be completely replaced by new biometric products or partly replaced by new upgraded sensors. The Indian OEM which has placed the volume order is targeting to complete its Aadhaar L1 certification in Q1 2024. "We are delighted to support our customer in bringing their product to the dynamicAadhaar market. The order is also a crystal-clear message to the Indian market that OEMs with domestic electronics module manufacturing operations are preparing to take significant market share from competing OEMs that are based in and is importing modules from other Asian countries. Moreover, NEXT has now proved and established itself as a strong, knowledgeable and trusted technology partner to key OEMs with manufacturing inIndia .", saysDigvijay Singh Kanwar , Senior Vice President and Head of Sales forIndia , US,Europe andAfrica (IUEA) atNEXT Biometrics . "Initially, the transition from L0 certified devices to L1 certified devices and integrations moved very slowly. However, with large Indian banks now starting to use L1 products and other large players following their lead, the integration pace is rapidly speeding up. The number of tenders is also increasing, and we continue to proactively address and support the Indian market's needs.", concludesDigvijay Singh Kanwar . For more information, please contact: Ulf Ritsvall, CEO,Next Biometrics ulf.ritsvall@nextbiometrics.comEirik Underthun , CFO,NEXT Biometrics eirik.underthun@nextbiometrics.com About NEXT's FAP 20 fingerprint sensor o NEXT's FAP20 fingerprint sensor is one of the company's most sought-after, high-security, flagship sensors. o It features a large 12x17mm active sensing area for fast, convenient fingerprint enrollment and authentication at low biometric errors. o The sensor also comes in a version, which is intended exclusively for theAadhaar market inIndia and certified in accordance with all the latest security requirements. 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 ThermalTM principle allows the development of large, high quality fingerprint sensors.NEXT Biometrics Group ASA is headquartered inOslo , with sales, support and development operations inSeattle ,Taipei ,Tokyo ,New Delhi andShanghai .
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