Oslo, 14 January 2026 - NEXT Biometrics, the world leader in advanced high-security fingerprint sensor technology, has finalized an extensive process to select a display partner for the development of Anywhere-on-display authentication and our new product line NEXT FAP20 Basalt L1 Slim, which we received an initial order from an existing distributor on December 22nd.
NEXT and Giantplus Technology Co., Ltd., a renowned Taiwanese company, will co-develop the first prototype of NEXTâs full-screen biometric authentication technology. This endorsement of NEXTâs technology and strategy marks the projectâs latest product development milestone, following the recent patent approval from the United States Patent and Trademark Office (USPTO) in November last year.
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Giantplus specializes in high-quality, reliable and customizable small and medium sized displays. Both are now conducting R&D and technical product development initiatives with a view to showcasing the prototype at Mobile World Congress 2027.
The premium smartphone market comprised 25% of the total market in 2024 and, in H1 2025, unit sales grew by 8% year on year, reaching the highest-ever mark for a first half (Counterpoint Research).
âAnywhere-on-display authentication is a long-sought-after innovation and, with our patent approval secured, finding a trusted and reputable partner to support R&D and manufacture was our top priority,â comments Ulf Ritsvall, Chief Executive Officer, NEXT Biometrics. âFollowing a rigorous selection process, we have found Giantplus, a partner that shares our vision and together we can take the next step. Significant interest is already being generated from around the industry, and we look forward to demonstrating this solution in Barcelona next year.â
NEXT has raised a long-term shareholder loan to fund this rapid progress. The shareholder loan is in the amount of approximately NOK 10 million, of which NOK 9 million has been underwritten by certain existing shareholders, including Valset Invest AS, Six-Seven AS, HAAS AS and Edgewater AS. The Loan shall be unsecured and rank pari passu with the other unsecured debt of NEXT (the Borrower).
The key terms of the shareholder loan:
-Maturity of 12 months from disbursement date
-The interest payment shall be made in kind and the interest rate is 20%. The interest payment shall be made by the issuance of new shares in NEXT at a subscription price of NOK 1.60
- The Borrower may carry out a private placement on or prior to the maturity date to finance repayment of the Loan. The Lenders shall have a pre-emptive right to participate in the private placement and to be allocated a total number of shares equal to the Loan Amount divided by the subscription price determined for the purpose of the private placement, provided that the maximum subscription price payable by the Lenders for an amount equal to their participation in the Loan, shall in no event be higher than NOK 2.1 per share.
-In the event the trading price of the Borrowerâs shares is lower than NOK 1.1 as of the date of the private placement or the subscription in the private placement is NOK 1.1 per share or lower, the Lenders shall participate in the private placement by subscribing for its individual loan amounts and being allotted new shares at a subscription price of NOK 1.1 per share. The subscription amount for new shares allocated to Lenders in the private placement shall be set off against the Borrowerâs obligation to repay the Loan on a NOK for NOK basis.
The 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. This stock exchange announcement was published by Eirik Underthun, CFO at NEXT Biometrics Group ASA, on 14 January 2026, at 08:45 hours (CET).
About NEXT Biometrics
NEXT Biometrics is a pioneer of high-security biometric authentication, enabling users to live simpler, safer lives.
NEXT Biometrics was founded on the belief that strong authentication and identification can be secure, seamless and cost effective for governments and businesses with Active ThermalÂŽ technology. More than 25 years later, NEXT has retained its Norwegian heritage and grown to serve customers globally.
Today, our solutions are used by billions of users each year across 10+ national ID and local programs, 150.000+ POS terminals, 25+ laptop and tablet models from tier-1 OEMs, and physical and logical access control implementations. Through state-of-the-art technology, deep industry expertise and close collaboration with partners for seamless integration, Active ThermalÂŽ biometrics can make life simpler and safer for everyone.
For more information, visit NEXT Biometrics, read our blog and follow us on LinkedIn. NEXT Biometrics is listed on Euronext (NEXT.OL).
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