OSLO, NORWAY — (Marketwired) — 06/21/17 — Group ASA (Oslo Bors: NEXT) announced it received a high-volume order for its second generation ASIC, the A2, a custom built chip that will significantly reduce its production costs, and that NEXT expects to begin shipping in volumes to key customers in the Notebook segment during the fourth quarter of 2017.NEXT had announced its A2 ASIC on March 23rd, when a first order was placed for production ramp-up, and today said that after implementing adjus
OSLO, NORWAY — (Marketwired) — 05/24/17 — Group ASA (Oslo Bors: NEXT) today announced interim results for the first quarter ended March 31, 2017 and outlined its strategic focus for the 2017 over the next 3 to 9 months of 2017. NEXT, the leader in high-quality low-cost rigid and flexible fingerprint sensors, summarized first quarter 2017 highlights:Revenue of NOK 24.1 million vs NOK 5.2 million Q1-16 and in Q1-17 vs NOK 31.8 million in Q4-16. (At present, 1 US Dollar equals 8.38 Norwegian K
OSLO, NORWAY — (Marketwired) — 05/09/17 — Group ASA (Oslo Bors: NEXT) today announced it shipped sensor number 2 million in April, and that NEXT has now proven its ability to consistently mass produce fingerprint sensors with industry normal yield figures.NEXT also announced that it is adding quality hires to its staff as Dan Cronin has joined the company as Executive Vice President of Engineering. Cronin has more than thirty years of experience in the semiconductor industry, in a career sp
OSLO, NORWAY — (Marketwired) — 05/08/17 — Group ASA (Oslo Bors: NEXT) today announced it received an order from a Tier 1 semiconductor company worth $150,000, as its first order with NEXT, which is already shipping the first volumes.NEXT said the new client is working on several projects where a large size secure fingerprint sensor is needed and the sensor works for close to 100 per cent of the user base.NEXT CEO Ritu Favre said, "The order is a result of a 12-month design and qualific
OSLO, NORWAY — (Marketwired) — 02/07/17 — Group ASA (Oslo Bors: NEXT) CEO announced that it has raised approximately 156 million Norwegian Krone (NOK), or approximately $18.7 million US dollars, in gross proceeds through a Private Placement consisting of 1,167,000 new shares at a price of NOK 134 per share through a private placement that took place through an accelerated book building process after close of markets yesterday.NEXT said the Private Placement attracted strong interest from bo
OSLO, NORWAY — (Marketwired) — 02/01/17 — Group ASA (Oslo Bors: NEXT) CEO announced that its Board of Directors has appointed Ritu Favre, 48, as new CEO of NEXT Biometrics. Favre has extensive experience from both the semiconductor and the fingerprint sensor industry. The present CEO, Tore Etholm-Idsøe, 57, will continue to work full time for the company as Chairman of the Board.Ritu Favre holds a Master of Science degree in Electrical Engineering and has worked fifteen years at Moto
OSLO, NORWAY — (Marketwired) — 01/09/17 — Group ASA (Oslo Bors: NEXT) CEO Tore Etholm-Idsoe in a letter to investors announced, "As the smart card market represents almost endless opportunities, and with the NEXT already prototyped, NEXT emphasis now is on ramping up for volume production along with our partner Innolux in Taiwan. Our target is to complete this process within the end of the first half of 2017."He said, "The aim is to enter into mass production by the end of t
OSLO, NORWAY — (Marketwired) — 04/26/16 — Tore Etholm-Idsøe, CEO of Group ASA (Oslo Bors: NEXT), today announced NEXT is showcasing the world–s first Smart Card compatible flexible fingerprint sensor, which the company demonstrated in that can be viewed at its website, ."We have previously announced that we will not comment further on our smart card developments until we have something material to prove," Etholm-Idsøe stated. "We are now proud to announce that
BARCELONA, SPAIN — (Marketwired) — 02/23/16 — Group ASA (Oslo Bors: NEXT), the leader in high-quality low-cost fingerprint sensors, and , a leading global electronics distributor, are targeting the fast growing Internet of Things (IoT) market with a new turnkey biometric solution for Windows 10, NEXT announced today at the annual Mobile World Congress held in Barcelona, Spain, this week.The solution consists of Arrow Electronics– community board, DragonBoard 410c, based on the Qualcomm Sna
OSLO, NORWAY — (Marketwired) — 02/22/16 — Group ASA (Oslo Bors: NEXT) today announced interim results for the fourth quarter and year ended December 30, 2015. NEXT, the leader in high-quality low-cost fingerprint sensors based in Oslo, Norway, summarized highlights:Volume deliveries to Dell, the first Tier 1 company customerSignificant progress in Smart Card related R&D for NEXT fingerprint sensorsPrivate placement with Greenbridge Partners of 120 million NOK, or $14.5 million USDTermin
