NEXT Builds India Momentum With Latest Volume Order

NEXT Biometrics has received a new order, valued at NOK 12 million, for its flagship FAP20 fingerprint sensor. The company hasn’t disclosed the name of the customer in question, but described it in a statement as a “Singapore-based distributor”.

NEXT also hinted that the order is somehow connected to its escalating business operations in the India market, noting that the customer “acts as both an importer of fingerprint sensors, as well as a fulfillment partner, which secures improved availability of sensors in relevant regions.” Deliveries already began in the fourth quarter of 2023, and are expected to be completed in the current quarter.

“I am immensely proud of our team’s hard work and the business progress we are making in India. It is one of our key markets, and it is also one of the most competitive markets in the world,” said NEXT Biometrics CEO Ulf Ritsvall. “Yet again, with this order we have demonstrated the strength of NEXT’s technology, our expertise, and our ability to repeatedly gain our customer’s trust. Step by step, we are broadening and strengthening our imprint in India.”

This development is especially relevant in the context of the Indian government upgrading its Aadhaar biometric and digital ID services program, where devices now must meet the stricter “L1” certification level by June 2024.

With approximately 4.5 million L0 devices needing replacement with L1 certified devices, this upgrade in Aadhaar standards creates significant momentum for NEXT Biometrics. The company’s FAP20 fingerprint sensor, tailored for the Aadhaar market in India and meeting the latest security requirements, is a key component of this growth.

The news of the latest order comes after other recent, important developments at NEXT, including the appointments of new executives in November. The new executives include Marcus Laurén as Chief Product Officer, Joshua Chiu as SVP and Head of Sales for South-East Asia, and Digvijay Singh Kanwar as SVP and Head of Sales for India. These appointments are part of the company’s strategy to enhance its biometric knowledge and industry-specific experience, crucial for staying competitive in a rapidly evolving market​.

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January 3, 2024 – by the FindBiometrics Editorial Team