Oslo - 13 May 2025
NEXT Biometrics, a world leader in advanced high-security fingerprint sensor
technology, has extended its partnership with India-based ACPL. The partners
have signed an agreement which includes a firm purchase order valued at NOK
55-107 million to support identity verification and payments use cases. The
shipments will start in Q2 2025.

NEXT and ACPL have collaborated to develop a new, more advanced fingerprint
sensor. This solution will support the global expansion of biometric
verification systems for national ID programs, facilitating access to government
aid, financial services and more. These sensors are set to be integrated into
ACPL devices marked for roll out across countries including Chile, India,
Mexico, Morocco, South Africa and Uganda. 

NEXT's existing partnership with ACPL was announced in 2022. This order extends
the relationship and demonstrates ACPL's gaining growing market share. NEXT
recently supported ACPL in successfully completing the rigorous Aadhaar L1
certification process, demonstrating exceptional in-field performance and
security. The system's accuracy, performance and security were tested to ensure
the system correctly identifies and authenticates users, works swiftly and that
it can also withstand various types of attacks and manipulations. NEXT's
solutions are also MOSIP compliant and certified by a number of other bodies,
including FBI-PIV and NIBSS.

"Partnering with NEXT Biometrics has enabled us to deliver faster, more secure,
and Aadhaar-compliant fingerprint authentication solutions," states Ajay Sinha,
Managing Director at ACPL. "NEXT's sensor technology has helped us meet
stringent L1 certification requirements while enhancing the overall citizen
experience through faster transactions and superior reliability. The close
technical collaboration with their engineering team was a major factor in the
successful integration and rollout of our latest products."

"This is a significant milestone in a truly collaborative partnership," adds Ulf
Ritsvall, CEO of NEXT Biometrics. "We share a commitment to delivering strong
and convenient biometric authentication for India and beyond. ACPL has
identified the value of Active Thermal biometrics in both meeting the stringent
security and liveness requirements of government deployments while ensuring
high-speed, convenient and accurate authentications for citizens. This is why
we're seeing the growth in demand globally and look forward to working closely
with ACPL to deliver on this next wave of national ID initiatives."

As the new, more advanced sensor has a higher unit price, ACPL has the option to
replace some of the sensors with the standard version of our flagship FAP20
sensor, which in this case will reduce the order value accordingly.

NEXT will officially launch the sensor to the wider market later this year. For
more information about NEXT Biometrics' solutions, visit our website.

This information in this stock exchange announcement is considered to be inside
information pursuant to the EU Market Abuse Regulation and is published in
accordance with section 5-12 the Norwegian Securities Trading Act. 

About NEXT Biometrics
NEXT provides advanced fingerprint sensor technology that delivers uncompromised
security and accuracy for the best possible user experience in the payment and
fintech, government ID, access control and office and notebook markets. The
company's patented NEXT Active Thermal ® principle allows the development of
large, high-quality fingerprint sensors with superior security level. NEXT
Biometrics Group ASA is headquartered in Oslo, with sales, support, and
development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.

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NEXT Investor contact:
Ulf Ritsvall (CEO), ulf.ritsvall@nextbiometrics.com
Eirik Underthun (CFO), eirik.underthun@nextbiometrics.com

This stock exchange announcement was published by Eirik Underthun, CFO at NEXT
Biometrics Group ASA, on 13 May 2025, at 17:00 hours (CEST).