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14/11-2017 07:15:00: (NEXT) NEXT Biometrics Group ASA interim report as at 30 September 2017

Highlights
-Revenue of NOK 25.4 million vs NOK 24 million in Q2-17 
-Gross margin improved to -4% in Q3-17
-Commenced production shipments of NB-2034-S2 to US Tier 1 notebook manufacturer
in October
-Began commercial volume shipments to Fujitsu, a Tier 1 Japanese notebook
manufacturer in October
-On track to reach target of positive gross margin by Q1-18
-Announced casino smart card deal with First Biometrics
-Achieved milestone of 3 million sensors shipped during October
 
NEXT CEO Ritu Favre comment:
"We have achieved a number of important product development milestones and see
growing market interest for our proprietary large cost-efficient flexible
fingerprint sensors. We now have mass-production capacity firmly established for
both flexible and rigid fingerprint sensors, confirming our leading
technological platform and positioning us in the forefront of the security
critical segments of the biometrics market. We are confident in our ability to
achieve profitable revenue growth within our targeted markets of Smart Cards,
Government ID, Notebooks and Access Control," said Ritu Favre, the CEO of NEXT
Biometrics Group ASA.
 
ABOUT NEXT Biometrics: 
Enabled by its patented NEXT Active Thermal principle, NEXT Biometrics
(www.nextbiometrics.com) offers large high-quality area fingerprint sensors in
both rigid and flexible formats. The sensors are can be implemented in a
widerange of product  formats, including smartcards, notebooks, time &
attendance,usb-sensors, smartcard readers, secure tokens and access control
systems and many more are targeted.
 
NEXT Biometric Group ASA is a publicly listed company headquartered in Oslo,
Norway and with sales, support and development subsidiaries in Seattle,
SiliconValley, Taipei, Prague and Shanghai. 
 
Media and Investor contacts for NEXT Biometrics: 
Ritu Favre (CEO), Ritu.Favre@NEXTbiometrics.com 
Knut Stålen (CFO), Knut.Stalen@NEXTbiometrics.com

Ekstern link: http://www.newsweb.no/index.jsp?messageId=438610

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tirsdag 21/11-2017 22:24:32