Oslo, January 15, 2020 - NEXT Biometrics (Oslo Bors: NEXT), a global leader in
fingerprint sensor technology, is executing a program to optimize the
organization and cost base with its strategic priorities and market
opportunities. Focus has been a streamlined operating model, reduced cost and
enabling revenue growth.

The measures are expected to result in a 20% reduction in headcount with NEXT
having approximately 65 full-time employees following the restructuring. Other
operating expenses which are not related to near-term revenue generation or
critical development activities, will also be scaled down.

"We are committed to creating shareholder value through growth, by becoming more
customer centric and selectively investing in market-leading products," said
Peter Heuman, the CEO of NEXT. "We focus on capturing current market
opportunities for our biometric solutions, while at the same time seeking to
optimize our organization and cost base to extend the financial runway enabling
execution of our long-term plans".

The measures were largely implemented in the fourth quarter of 2019 and are
expected to yield annual cost saving of minimum NOK 20 million with full effect
from the first quarter of 2020.

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 ThermalTM 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.

NEXT Investor contact:
Peter Heuman (CEO), peter.heuman@nextbiometrics.com
Knut Stålen(CFO), knut.stalen@nextbiometrics.com

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© Oslo Bors ASA, source Oslo Stock Exchange