NEXT Biometrics Group ASA — Capital/Financing Update 2016

Jul 21, 2016

Innolux and NEXT Biometrics to jointly invest in flexible sensor mass production capacity

Innolux and NEXT Biometrics to jointly invest in flexible sensor mass production capacity

Innolux, one of the world´s largest manufacturers of TFT-LCD-panels and NEXT

Biometrics Group ASA today jointly announce that they are investing in establishing

mass production capacity for the previously showcased NEXT flexible fingerprint sensor

technology.

Innolux and NEXT Biometrics has worked together for many years and NEXT Biometrics

is today manufacturing volumes of rigid fingerprint sensors at Innolux plants in Taiwan.

With NEXT Biometrics` recent introduction of the world´s first flexible fingerprint

sensor, the parties have agreed to do joint investments to enable mass production of

these new sensors. NEXT Biometrics has previously communicated, a production

capacity target of 2 million flexible sensors per month in 2017, growing to 10 million per

month in 2018.

NEXT Biometrics` CEO Tore Etholm-Idsøe says: " We experience major interest in the

world´s first smart card industry compatible flexible sensor. The upcoming transition to

mass production is not trivial and we are very happy for Innolux active support in this

process. They are a $ 10 billion annual sales TFT-LCD displays manufacturer, and are of

course highly experienced in solving issues when ramping-up for mass production of

new product formats. We have made significant progress during the recent months, and

we are proud to announce that Innolux will now invest money, time and knowledge along

with NEXT Biometrics to bring the flexible sensors to the world market."

Innolux Vice President James Yang comments: "There is a massive opportunity in the

market for flexible fingerprint sensors, and we strongly believe in the NEXT Biometrics

technology. The company is unique in the sense that they are bringing to market a truly

flexible sensor, which meet the smart card industry requirements while it can be mass

produced at cost levels that are compatible with smart card market value propositions.

We have therefore decided to help bring the project forward as quickly as possible,

investing Innolux knowledge as well as capital resources"

About Innolux: Innolux is a global company with more than 68 000 employees,

headquartered in Taipei. Innolux customers include many of the world´s leading

information and consumer electronic manufacturers. Its all-inclusive product lines span

the full range of TFT LCD panel modules and touch panels, including TV panels, desktop

monitors, notebook computer panels, small and medium-sized panels, and medical and

automotive panels.

About NEXT Biometrics: Enabled by its patented NEXT Active Thermal principle, NEXT

Biometrics (www.NextBiometrics.com) offers high quality area fingerprint sensors at a

fraction of the prices of comparable competitors. A wide range of product formats

including Smart Cards, Smartphones, Tablets, PC's, Doors, Time registration systems,

Wearables, Payment terminals, Flashdrives, USB-tokens, Key fobs and many more are

targeted.

Chinese version enclosed

NEXT BIOMETRICS GROUP ASA is a publicly listed company headquartered in Oslo,

Norway and with sales, support and development subsidiaries in Seattle, Silicon Valley,

Taipei, Prague and Shanghai.

Media and Investor contacts for NEXT Biometrics: Tore Etholm-Idsøe, CEO,

Tore.Idsoe@NEXTbiometrics.com and Knut Stalen, CFO,

Knut.Stalen@NEXTbiometrics.com.