NEXT Biometrics Group ASA — M&A Activity 2019

Aug 14, 2019

NEXT Biometrics Signs Agreement with Leading Access Control Solution Provider

NEXT Biometrics Signs Agreement with Leading Access Control Solution Provider

Oslo, August 14, 2019 -NEXT Biometrics (Oslo Bors: NEXT), a global leader in

fingerprint sensor technology, announces that it has signed an agreement with

one of the leading access control solution providers worldwide.

As part of the agreement, the Partner will incorporate NEXT Biometrics` new One

Touch ID 2010 ultra-slim FAP20 fingerprint sensor module into a range of its

access control readers, such as time and attendance and physical access control

devices, for sales on a global scale. The parties have agreed not to disclose

further details of the agreement at this point in time. Volume supply of NEXT`s

One Touch ID 2010 FAP20 modules is scheduled to start in Q4-2019 and will take

full effect in 2020.

"Partnering with one of the leading access control players for the integration

of our new One Touch ID 2010 FAP20 fingerprint sensor technology is a major

achievement," said Alain Faburel, NEXT Biometrics Chief Sales and Marketing

Officer. "We are very pleased about the positive response that the product has

generated to date and are confident that it will help us further accelerate our

growth in the access control and government ID segments."

The new One Touch ID range is part of NEXT Biometrics` product roadmap and

continued investment into its four target markets aimed at winning a leading

position in each of them.

The One Touch ID 2010 SPI is an ultra-slim FAP20 fingerprint sensor module

ideally suited for integration into a broad range of applications for reliable

and user-friendly authentication, identification and verification. One Touch ID

2010 SPI offers excellent image quality and constant accurate performance, thus

producing fewer false acceptance and false rejection rates than other solutions

and resulting in an excellent user experience. The module`s anti-spoofing

ability reliably rejects latent fingerprint images and prevents against fake

finger attacks. SDK support, one touch enrollment, 360-degree rotational

tolerance and ISO/IEC 19794-2:2011 template generation make it an ideal solution

for government identification, access control, banking, finance, healthcare, law

enforcement and many more applications.

NEXT Biometrics' One Touch ID 2000 and 2010 fingerprint sensor modules are

designed to comply with globally recognized government standards of U.S.

National Institute of Standard & Technology (NIST SP 500-280 v2.1), and FBI's

Personal Identity Verification (PIV) standard for fingerprint image quality as

well as with local government standards in many countries.

NEXT Biometrics is currently working with customers on the design-in of the new

One Touch ID fingerprint sensor modules.

NEXT Media contact:

Tanja Moehler, tanja.moehler@nextbiometrics.com

NEXT Investor contact:

Knut Stalen, knut.stalen@nextbiometrics.com

About NEXT 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 ThermalT 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 in Oslo, with sales, support and

development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and

Shanghai.