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11/02-2019 07:00:04: (NEXT) NEXT Biometrics and M-Tech Join Forces on Biometric Smart Card Deployment in India

Oslo, February 11, 2019 -NEXT Biometrics (Oslo Bors: NEXT), a global leader in
fingerprint sensor technology, today announced that it is partnering with M-Tech
Innovations Ltd. ("M-Tech") to develop and deploy biometric smart card
solutions. The collaboration targets contact-based and dual interface biometric
smart card solutions to address current and evolving banking card standards. It
comprises NEXT`s sensor technology that is successfully being used in millions
of devices in various industry segments worldwide.

M-Tech is an accredited and certified RuPay, MasterCard and VISA card
manufacturer and one of the largest smart card producers in India. In addition
to the company`s strong foothold in the banking sector, M-Tech`s solutions are
also used in government, access control, high-security and many more
applications in India and beyond.

"We are very pleased to announce the collaboration with M-Tech and the strong
growth potential that this partnership offers. As outlined at the January 2019
Business Update, we are in the process of building a sustainable network with
leading players in the smart card ecosystem to commercialize biometric dual
interface technology in the banking sector and beyond," said Alain Faburel, NEXT
Biometrics Chief Sales and Marketing Officer.

"NEXT`s flexible sensor technology offers proven high security and accuracy
levels. This is particularly important for the high standards demanded in the
payment sector and paramount for a secure and consistently positive user
experience. The partnership with NEXT underlines our commitment to highest
quality standards and continuous innovation," said Vijay M. Gandhi, Chairman &
Managing Director of M-Tech Innovations Ltd.
About NEXT Biometrics

NEXT provides advanced fingerprint sensor technology that delivers uncompromised
security and accuracy for the best possible user experience in the smart card,
government ID, access control and notebook markets. The company's patented NEXT
Active ThermalT principle allows the development of large, high quality
fingerprint sensors in both rigid and flexible formats. NEXT Biometrics Group
ASA (www.nextbiometrics.com) is headquartered in Oslo, with sales, support and
development operations in Seattle, Silicon Valley, Taipei, Prague, Bengaluru and
Shanghai.

About M-Tech Innovations Ltd.

M-Tech Innovations Ltd. is an accredited and certified RuPay, MasterCard and
VISA card manufacturer. The Company`s high-tech end-to-end solutions cater to a
wide range of industries such as banking, telecommunications, automotive and
electronics in India and abroad. M-Tech has started as offering printing
services in 1992 and slowly entered into manufacturing of labels, dials and
stickers. Year 1997 became the turning point for M- Tech Innovations Ltd., with
the ultra-modern facility for manufacturing security cards being installed and
today is one of the leading smart card manufacturers in India. The comprehensive
product offering comprises of smart card solutions, attendance & access control
system based on RFID and Biometric, automotive dials, keypads, inmould products
RFID-based applications, multi-technology high-security solutions for the
defense sector and many more.

For further information, visit https://m-techindia.com

 (https://m-techindia.com/)

NEXT Media contact:

Tanja Moehler, tanja.moehler@nextbiometrics.com

NEXT Investor contact:

Knut Stalen, knut.stalen@nextbiometrics.com

Ekstern link: https://newsweb.oslobors.no/message/469138

Nyheten er levert av OBI.