NEXT Biometrics has received a big new order for its fingerprint sensor technology. The company says a new PO valued at about $100,000 will see its fingerprint sensor modules integrated into a biometric smart card reader solution.
In announcing the order, NEXT Biometrics did not disclose the name or any other details of its client, save for the fact that it was already “an existing customer”. NEXT explained that its modules would be used to support “user-friendly, fast and secure log-in” through the smart card reader integration.
The order arrives just a couple of weeks after the appointment of NEXT Biometrics’ new CEO, Peter Heuman. The company’s previous CEO, Ritu Favre, departed earlier this summer and was replaced on an interim basis by Dan Cronin, NEXT’s Chief Operating Officer. For his part, Heuman brings to the company his experience in marketing and media production as well as mobile financial services.
The PO news also comes after Cronin had highlighted biometric smart cards as an important growth area for NEXT Biometrics in the company’s Q2 update in August, offering some measure of validation to the idea.
NEXT Biometrics says it will start to fulfill the new purchase order in the fourth quarter of this year, with the deal to be completed in 2020.
September 23, 2019 – by Alex Perala