As previously announced by NEXT, it has been working on the development of its FAP30 product, an Active Thermal® based fingerprint sensor aimed for the most demanding security environments such as governmental environments, border control and banking applications. In these demanding environments, it is crucial that authentication and verification are done swiftly, securely and that the process remains untampered with.
Engineering Samples Milestone Achieved
Marcus Lauren, Chief Product Officer at NEXT, expressed his enthusiasm:
“We have met with multiple market parties and demonstrated our FAP30 product during the last nine months. We are quite taken by the strong and positive feedback we have received and to note the market’s immediate demand for it. One of the strongest features of the FAP30 is its outstanding picture quality and built-in anti-spoofing, which provides unmatched capability to detect liveness in the finger. The larger size is naturally also an important feature that ensures a more complete picture of the fingerprint.”
The FAP30 can easily be fitted into and integrated into various system requirements and surroundings. NEXT notes the market has given its standing ovations to the samples that have been shown. Following the recent development of outstanding industry tenders, NEXT has also revised and heightened its previous estimates of the total addressable market for its FAP30 sensor.
Market Opportunities Larger than Previously Expected
Mr. Lauren continued:
“Based on our initial analysis, we estimated the total addressable market for the FAP30 to be 1 million units. However, right now we note outstanding tenders that are larger than our initial estimate of the total addressable market. It is still early in the process and hence we will not give any further guidance as of right now, but we believe our initial estimates ought to be updated.”
He concluded:
“We are ready with our production of engineering samples and excited to accelerate with this product. Our calendars are open, and me and my team look forward to meeting with more interested parties to demonstrate the added value of using our FAP30.”
For more information, please contact:
Ulf Ritsvall
Chief Executive Officer, NEXT
ulf.ritsvall@nextbiometrics.com
Eirik Underthun
Chief Financial Officer, NEXT
eirik.underthun@nextbiometrics.com
About NEXT Biometrics
NEXT provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in the payment and fintech, government ID, access control and office and notebook markets. The company’s patented NEXT Active Thermal ® principle allows the development of large, high-quality fingerprint sensors with superior security level. NEXT Biometrics Group ASA is headquartered in Oslo, with sales, support, and development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.
For more information, please visit us at https://www.nextbiometrics.com