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Next announces new fingerprint sensor contract, partnership, volume order increase
July 3, 2023, 9:09 p.m. | Chris Burt
Biometric Update www.biometricupdate.com
A large fingerprint biometrics supply contract for Next Biometrics has grown into a five-year commercial agreement with an Indian OEM partner. The deal is now worth 65 million Norwegian kroner (approximately US$6.1 million), up from a previously-reported NOK 15 million, according to a company announcement.
Next said when the deal was originally unveiled that it would be worth between $1.4 million and $2.8 million (NOK 15 million to 30 million). The company now says that indicates that the minimum volume …
announcement biometrics biometrics news commercial contract deal fingerprint fingerprint biometrics fingerprint recognition fingerprint sensors india large next biometrics oem order partner partnership sensor supply trade notes
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