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

 

Alan Goode offers insights on booming transitional IDV market on BU Podcast

Technology is transforming identity verification. According to Alan Goode of Goode Intelligence, by 2030, digital identity verification will pass traditional…

 

Share less data in more places: inching towards decentralized digital ID for travel

The travel industry is slowly shifting to a more decentralized model of digital identity. This was one of the key…

 

Clearview takes fresh legal hits over Canada class action, UK fine

Few biometrics companies have taken a bigger regulatory and legal beating than Clearview AI. It has already been a rough…

 

Mexico makes biometric identifier mandatory for all citizens

Mexico has officially introduced a digital identification system by signing a law that turned the previously optional biometric-based citizen code…

 

MOSIP highlights the UN DPI Safeguards Initiative

The United Nations’ DPI Safeguards Initiative has released 259 recommendations designed to guide regulators, advocates, donors, technology providers and governments…

 

Brazil adopts DaaS for verifiable credentials

Brazil is the latest country to adopt DPI as a Packaged Solution (DaaS) — a practical framework designed to accelerate…

Comments

Leave a Reply

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

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events