July 11, 2014 4:39 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Next Biometrics Group AS

Company Overview

Filipstad Brygge 1

Oslo,  0250

Norway

Key Executives for Next Biometrics Group AS

Next Biometrics Group AS does not have any Key Executives recorded.

Next Biometrics Group AS Key Developments

Next Biometrics Signs Distributor Agreement with Fulcrum Biometrics and Receives First Volume Order from the US Market

NEXT Biometrics has signed a strategic agreement with Fulcrum Biometrics. At the same time, NEXT has received an initial order for 10,000 fingerprint sensors from Fulcrum. First deliveries will start this month. Supplying software, hardware, and consulting, Fulcrum serves system integrators targeting a wide range of quality dependent applications including defense, civil and criminal ID systems, corporate access control, time & attendance, and member management systems.

Next Biometrics Group AS to Launch Reduced Size Sensor Modules Targeted at the Notebook, Tablet and SmartPhone Mass Markets

Next Biometrics Group AS to launch reduced size sensor modules targeted at the Notebook, Tablet and SmartPhone Mass Markets. The first step in the NEXT sizedown roadmap involves launch of the NB-2020 - a sensor module 40% smaller than the present NEXT sensor series. This size down is achieved entirely at module level. Keeping the active area of the sensor at 201 mm2 maintains the sensor position as one of the most secure and convenient sensors in the market. The NB-2020 is ready in prototypes and will ship in volumes in fourth quarter of 2014. The second step in the NEXT size down roadmap includes size-down of the active area itself. The size will still be at size levels deemed credible for quality dependent applications. The final size and the launch date will be revealed to the market at a later point of time.

Next Biometrics Group AS Reports Unaudited Earnings Results for the Full Year Ended March 31, 2014

Next Biometrics Group AS reported unaudited earnings results for the full year ended March 31, 2014. For the year, the company reported loss before tax, depreciations and amortization was NOK 14,766,000, operating loss of NOK 14,786,000, net loss of NOK 14,912,000 or 1.70 per share against loss before tax, depreciations and amortization was NOK 4,686,000, operating loss of NOK 4,686,000, net loss of NOK 4,742,000 or 0.65 per share for the same period a year ago. Net cash used in operating activities was NOK 25,306,000 against NOK 1,136,000 for the same period a year ago. Purchase of tangible assets was NOK 234,000 against NOK 46,000 for the same period a year ago.

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