Norwegian fingerprint solutions firm Next Biometrics has reported a rise in revenues from NOK 5.2 million (US$600,000) to NOK 24.1 million in the first quarter last year.Other highlights from the quarter the company reported included accumulated shipments passing 2.0 million fingerprint sensors and the signing of two new notebook contracts .It also supplied a low power reference design supplied for customer pilots with flexible sensors – with a view towards smart card deployments.NEXT CEO Ritu Favre said, “NEXT continues to make solid progress on its vision to become a leading supplier of fingerprint sensors into quality critical segments. The company surpassed the milestone of shipping two million cumulative units in April, demonstrating the scaling of manufacturing operations.”CEO Favre also noted, “NEXT is diversifying its customer base into markets that require high quality fingerprint sensors: smart card, notebook, access control and government ID. Low power reference designs with flexible sensors have been sampled to the smart card customer ecosystem with positive feedback. NEXT’s flexible sensor development and capacity installation is on track for third quarter volume ramp. ASIC roadmap execution is progressing according to plan and will result in optimized costs for existing customers and new solutions for the smart card market. NEXT is encouraged that the market feedback for our large secure flexible sensors has been so positive.”
Next Biometrics announces interim Q1 results
