June 27, 2014 -
NEXT Biometrics has just received an initial order for 10,000 fingerprint sensors from Fulcrum Biometrics and at the same time, has signed a strategic agreement with the San Antonio, Texas-based firm.
According to the company, the first deliveries for Fulcrum’s fingerprint sensors order will begin this month.
“We are very pleased to be able to welcome Fulcrum Biometrics as our distributor in the strategically important North-American market,” Tore Etholm- Idsøe, CEO of NEXT Biometrics said. “ Fulcrum is a highly respected and successful supplier of high quality biometric solutions. It is the NEXT strategy to exploit the potential of our technology through alliance with the best in our industry. Fulcrum is a perfect fit for us.”
Reported previously in BiometricUpdate.com, NEXT Biometrics has been generating momentum as of late. Last month, Foxconn Technology announced a $5 million investment into the company, as well as the intent to purchase a “significant volume of sensors.”
NEXT Biometrics also recently went public on the Oslo Stock Exchange and according to the company, its IPO was significantly oversubscribed.
“The fingerprint sensor market has waited a long time for the introduction of a low cost no compromise area sensor,” Ken Nosker, CEO of Fulcrum Biometrics said. “We believe the NEXT technology will not only seize a significant share of the traditional sensor market but also – and more importantly – pave the way for a broad range of new volume market applications. We look forward to serving both existing and new markets using the NEXT technology.”