Next lines up another Indian OEM for its FAP20 fingerprint sensor
Hardware maker Next Biometrics says it has signed a new buyer in India for its FAP20 fingerprint sensor. As is typical with NEXT with such news, the buyer has not been named.
Next executives say a memo or understanding has been signed committing the original equipment maker to a $1.4 million purchase order when the final contract is signed. Subsequent pricing and shipment schedules will be finalized then, too.
The memo also outlines a two- to five-year relationship between the two firms.
The executives say the buyer anticipates needing annual sensor shipments valued at $1.4 million to $2.8 million each year.
Signing another OEM “in India for a long-term FAP20 partnership agreement is in line with Next’s ambition to expand in the world’s largest biometric market,” says Ulf Ritsvall, a Next senior vice president.
In 2020, Next executives said they had gotten their initial purchase order for 1,000 One Touch fingerprint biometrics modules from an unnamed OEM.
A year later, Next signed a new partner in China, a market that executives said they have not yet exploited.