FB pixel

NEXT Biometrics fingerprint tech Aadhaar certified, expects revenues beginning Q4

 

Following a long and rigorous testing process, NEXT Biometrics fingerprint sensor solution has received hardware certification for India’s Aadhaar government ID program, enabling the Norwegian biometrics firm to accelerate sales activity to India’s government ID market, with initial revenue expected to be recognized in the fourth quarter.

The certification received by NEXT Biometrics comes from the Ministry of Electronics and Information Technology, Directorate of Standardisation Testing and Quality Certification (STQC). The testing for Aadhaar participation requires certification for the hardware device and a separate certification for each version of software that runs on the hardware platform.

“The certification of NEXT’s fingerprint sensor technology by the Government of India is a confirmation of the reliability, security and convenience of our sensors,” cpommented Ritu Favre, CEO of NEXT Biometrics. “Delivering products for the Aadhaar program is an important part of NEXT’s business strategy and we look forward to a long and successful relationship helping the government provide services for the people of India.”

According to the announcement, the total market opportunity in India for fingerprint sensors in the government ID segment is projected to be 3 to 4 million units annually, growing to 5 to 10 million units on an annual basis by 2022. NEXT will now finalize software development and certification for various user platforms and expects to start generating revenue in the fourth quarter, and ramp additional products in 2019.

The company’s product roadmap calls first for sales of “Scallop” fingerprint readers later this year, followed by sensor modules used in devices like POS terminals for the Aadhaar market in the first half of 2019. An encrypted highly secure fingerprint reader is expected to be introduced in H2 2019, followed by the encrypted version of a sensor module in H1 2020. The encrypted products will comply with “Level 1” specifications from the UIDAI and are being designed to support broader use of Aadhaar for payments.

At NEXT Biometrics ‘Capital Markets Day’ on March 1st, management indicated it had “pivoted” the focus of the company’s development to smart cards and government ID and that tests organized by the India STQC Test Institute for certification on the Aadhaar project were moving along.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

ACCS announces participants in Australia’s Age Assurance Technology Trial

In keeping with its philosophy of transparency by default in running Australia’s Age Assurance Technology Trial, the Age Check Certification…

 

DPI-as-a-Packaged Solution marks major milestone with Trinidad and Tobago rollout

The first ever implementation of DaaS — DPI-as-a-Packaged Solution — is going live in Trinidad and Tobago in a test…

 

AI agents spark musings on identity, payments and wallets

AI agents continue to attract attention, including in the digital identity industry, which sees an opportunity for innovation. Their importance…

 

Trump deregulation is re-shaping the future of biometric surveillance in policing

The advent of AI has exponentially increased the capabilities of biometric tools such as facial recognition, fingerprint analysis, and voice…

 

World expands Android support for World ID credentials

World’s positive relationship with Malaysia continues, with the launch of Android support for World ID Credentials in the country, following…

 

Sri Lanka national data exchange to connect digital ID and public services

A fully developed foundational ID system, including citizen registration, may take 18 to 24 months for Sri Lanka to implement,…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events