June 10, 2025 – NEXT Biometrics, a world leader in advanced high-security fingerprint sensor technology, has extended its partnership with distributor XM Holder. The agreement is for an initial order of NEXT’s recently launched FAP 20 Basalt L1 Slim sensor, order valued at NOK 6.3 million. The shipments will start in Q3 2025 and NEXT’s local engineers will support device manufacturers, like payments point-of-sale (POS) vendors, in integrating the sensors into devices for India’s Aadhaar program. NEXT anticipates additional orders with a potential annual value of NOK 25 million.
“This market is moving quickly since UIDAI brought in more stringent certification requirements for Aadhaar,” adds Ulf Ritsvall, CEO at NEXT Biometrics. “Securing this PO so soon after the launch of the product demonstrates the demand for high-security, high-performance biometrics for use cases like identity verification and financial services. Moreover, the device makers don't have to figure out integration by themselves. Our hardware and software engineers will work closely with them to integrate swiftly and seamlessly to launch compliant devices as soon as possible.”
The ‘L1 Slim’ is a new addition to NEXT’s Basalt FAP 20 product series (formerly NEXT Access 300 series) and is the thinnest sensor of its kind, while maintaining the same level of security and performance. This optimizes the integration process and, as the sensor is already Level 1 certified for use in India’s Aadhaar program, time to market for POS vendors is reduced by up to 12 months.
NEXT’s Active Thermal® technology uses both heat from the finger and 3D imaging to authenticate the user. This enables superior authentication speed and liveness detection to combat spoofing attacks, when compared with other fingerprint authentication technologies. The product also minimizes energy consumption and delivers exceptional performance in varying light and environmental conditions.
Over the last 25 years, NEXT Biometrics has shipped more than 10 million sensors. Its Active Thermal® technologies are certified by entities including Aadhaar, FBI-PIV, MOSIP Compliance and NIBSS, and have been implemented in countries including Bangladesh, China, Ghana, India, Malaysia, Pakistan, U.S. and Vietnam.
For more information about the Basalt L1 Slim sensor, visit our website.
This information in this stock exchange announcement is considered to be inside information pursuant to the EU Market Abuse Regulation and is published in accordance with section 5-12 the Norwegian Securities Trading Act.
About NEXT Biometrics
NEXT Biometrics is a pioneer of high-security biometric authentication, enabling users to live simpler, safer lives.
NEXT Biometrics was founded on the belief that strong authentication and identification can be secure, seamless and cost effective for governments and businesses with Active Thermal® technology. More than 25 years later, NEXT has retained its Norwegian heritage and grown to serve customers globally.
Today, our solutions are used by billions of users each year across 10+ national ID and local programs, 150.000+ POS terminals, 25+ laptop and tablet models from tier-1 OEMs, and physical and logical access control implementations. Through state-of-the-art technology, deep industry expertise and close collaboration with partners for seamless integration, Active Thermal® biometrics can make life simpler and safer for everyone. For more information, visit NEXT Biometrics, read our blog and follow us on LinkedIn. NEXT Biometrics is listed on Euronext (NEXT.OL).
# # # # #
NEXT Investor contact:
Ulf Ritsvall (CEO), ulf.ritsvall@nextbiometrics.com
Eirik Underthun (CFO), eirik.underthun@nextbiometrics.com
This stock exchange announcement was published by Eirik Underthun, CFO at NEXT Biometrics Group ASA, on 10 June 2025, at 08:30 hours (CEST).