NEXT BIOMETRICS GROUP ASA Oslo ,7 February 2024 - Norwegian biometrics companyNEXT Biometrics enters a new and very large business area inChina . NEXT has signed a strategic partnership with aBeijing -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 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 inChina . The Partner has its offspring in theMinistry 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 fromIBM , 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 inChina . It also has a strong position as a cooperation partner to OEMs in medical insurance devices and healthcare terminals. NEXT recently announced its flagship sensor FAP20 had received the prestigious China ID certification. In the future, NEXT will also work with this newBeijing -based Partner to further explore market opportunities in the China ID market. "Our live-finger verification is a perfect solution for the Chinese healthcare and medical insurance industry. We look forward to collaborating on this massive market with a partner that has an excellent position and a large market share", says Ulf Ritsvall, Chief Executive Officer at NEXT. For more information, please contact: Ulf Ritsvall Chief Executive Officer atNEXT Biometrics ulf.ritsvall@nextbiometrics.comEirik Underthun Chief Financial Officer atNEXT Biometrics eirik.underthun@nextbiometrics.com 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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