NEXT Biometrics Group ASA — Regulatory Filings 2018

Nov 1, 2018

NEXT Biometrics Receives New Order for Fingerprint Sensors to be Integrated into Point-of-Sale Terminals for India Market

NEXT Biometrics Receives New Order for Fingerprint Sensors to be Integrated into Point-of-Sale Terminals for India Market

OSLO, Nov. 1, 2018 -- NEXT Biometrics (Oslo Bors: NEXT), a global leader in

fingerprint sensor technology, today announced the company has received an order

for its fingerprint sensor modules from China-based Telpo (Telepower

Communication Co. Ltd.). Telpo is a new customer and will incorporate the NEXT

fingerprint module into point-of-sale (POS) terminals for the Indian market

where the company is expanding its presence.

Initial shipments of the sensor modules are expected later

this quarter. Potential volumes for the application could be several hundred

thousand units in the coming quarters.

"NEXT continues to see increased demand for our large-area

fingerprint sensor technology from leading companies around the world for a

broad set of applications," said Ritu Favre, CEO NEXT Biometrics. "The security

and convenience provided by NEXT's sensor modules make them an ideal solution

for the type of handheld point-of-sale terminals Telpo has developed."

The sensors, which have been certified by India's Ministry of

Electronics and Information Technology, Standardisation Testing Qualification

and Certification (STQC) Directorate, will be built into the Telpo TPS900 POS

terminal. Telpo plans to provide the devices to a range of customers in India.

The terminals will be used primarily for government applications.

"Telpo's design strengths and outstanding production

capabilities are a good complement to NEXT's unique fingerprint sensor

technology and background as a proven supplier," said Sunny Sun, general manager

International Business, Telpo. "The use of biometric POS terminals in India is

expected to grow significantly and we believe we have the right products and

technologies to capture that growth moving forward."

The agreement with Telpo continues NEXT's engagement with and

focus on the market in India. In June, NEXT's supplier in India, AqTronics

received hardware certification to provide NEXT's unique fingerprint sensor

solution to India's Aadhaar government ID program. Shortly after, the company

received initial orders for government certified fingerprint readers. AqTronics

has also recently received Registered Device (RD) Service certification to sell

NEXT Fingerprint sensors using Android software. Aadhaar is the largest and most

sophisticated biometrics-based government ID system in the world.

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.

About Telpo

Telpo is the leading Point-of-sale (POS) and intelligent hardware supplier of

smart terminals and solutions. Telpo employs a total of 800 people, including

more than 150 R&D engineers. The company's successful ODM experience helps it to

meet the needs of customers in technology and business.

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Media contact:

Tom Beermann, tom.beermann@nextbiometrics.com

Investor contact:

Knut Stalen, knut.stalen@nextbiometrics.com