NEXT Biometrics has a new client, which has placed a $150,000 order for the company’s fingerprint sensor technology.
In a statement announcing the deal, NEXT Biometrics declined to name the client in question, but did refer to it as “a Tier 1 semiconductor company”. Elaborating further, Ritu Favre, the company’s new CEO, said the deal is the “result of a 12-month design and qualification process,” adding that NEXT Biometrics’ technology will see access control and government ID applications through the semiconductor company’s integrations.
The client ordered a “large size and low cost fingerprint sensor”, according to Favre, with the first shipments already on the way. In a recent interview with FindBiometrics, Favre discussed the benefits of NEXT’s large size sensors.
The deal comes soon after NEXT Biometrics reported strong revenues in its Q4 and 2016 corporate update, appearing to carry that momentum forward.
(Originally posted on FindBiometrics)