NEXT Biometrics receives initial order for 100,000 fingerprint sensors in new SmartHome segment
NEXT Biometrics Group ASA, has announced it has received an initial order for 100,000 fingerprint sensors from a design and manufacturing company in the SmartHome segment, with NEXT sensor deliveries to begin in July and completed by November.
NEXT said its new customer targets sales in excess of 1 million units in the first 12 to 18 months after launching the new products later this year, when its name will be made public.
NEXT CEO Tore Etholm-Idsøe said, “After 12 months of design and testing iterations our customer, a design and manufacturing house, moved forward with its first volume order. The application is SmartHome-related and will be distributed by a segment brand name player.“
Etholm-Idsoe added, “This order is significant as it further highlights the potential volumes in these ‘NEXT-enabled’ markets, where our high quality and low cost sensor enables the market itself.“
The CEO of NEXT, the world’s lowest-cost provider of fingerprint sensors, said, “Looking at the fundamentals, technology and market-wise, NEXT Biometrics now has access to a larger combined market than any other player in our industry.“