NEXT Biometrics Group ASA · OSL:NEXT
NEXT Biometrics Group ASA — Investor Presentation (April 2016)
17 slides from NEXT Biometrics Group ASA's investor presentation, April 2016
Slide 1: NEXT BIOMETRICS GROUP ASA
NEXT BIOMETRICS GROUP ASA <<<<<
Slide 2: Next Biometrics Group ASA listing / shareholders
NEXT BIOMETRICS GROUP ASA Oslo (HQ) Seattle Munich Prague Shanghai Sillicon Valley Taipei NEXT BIOMETRICS GROUP ASA LISTING / SHAREHOLDERS • Offices in Oslo, Seattle, Silicon Valley, Prague, • Public company listed at Oslo Axess June 2014 Shanghai and Taipei • $ 14.5 million investment from Greenbri
Slide 3: The core technology
The core technology Area sensor technology – Thermal conductivity vs Capacitive sensing Active Thermal – Heat conductivity Capacitive sensing A heat pulse is generated and a response measured by every An electrical radio frequency signal is generated and response pixel is measured by every pixel Pla
Slide 4: Market changing cost levels and product formats
Market changing cost levels and product formats LTPS Manufacture at Rigid & Flexible substrates -> 840 sensors per sheet The unique simplicity of the NEXT Active Facilitating .. The Active Thermal Principle, patented and Thermal pixel designs allows for mass Mass production at a fraction of owned by
Slide 5: 5 strong and significant competitive advantages
5 strong and significant competitive advantages Rigid & • Adaptable to both rigid and flexible or shaped substrates.. Flexible Significantly • 70-80% cheaper than same sized silicon area sensors lower pricing Uncompromised Secure security & • Company not forced to reduce size to stay price competiti
Slide 6: Strategic focus – NEXT Strongholds
Strategic focus – NEXT Strongholds NEXT-enabled & Smart Cards Notebooks & Tablets Smartphones Traditional markets Key requirements.. Key requirements.. Key requirements.. Key requirements.. -Large size -Large size -Medium & Large size -Small size (today) -Physical flexibility -Low cost -Attractive I
Slide 7: Strategic focus – Competition
Strategic focus – Competition NEXT-enabled Smart Cards Notebooks & Tablets Smartphones markets LARGE SENSORS LARGE SENSORS SMALL LARGER SMALL LARGER ONLY ONLY SYNAPTICS NEXT SYNAPTICS NEXT NEXT NEXT FPC FPC EGISTEC (APPLE) GOODIX EGISTEC Silead SMALL/MEDIUM Focaltech MD IDEX, FPC Chipone MicroArray
Slide 8: Small format markets Larger format markets
Small format markets Larger format markets Smartphones Notebooks & Tablets Smartphones & Notebooks New NEXT-enabled Traditional markets Convenience only Convenience only Security & Convenience markets Convenience focused small formats 144mm2 –> 201 mm2 - Formats offering both convenience & security
Slide 9: The first Smart Card Deal..
The first Smart Card Deal.. • Signed April 2016 Deal life cycle • Shipments starts Q3-2016 • Long multi-year life time estimated • 1.5 years of preparations Preparations • Sensors tests “passed” • Complete prototype cards already created • First order, NOK 12 million (USD 1.5 million) received Statu
Slide 10: Smart Card industry mandatory requirements
Smart Card industry mandatory requirements As defined by leading smart card industry projects • FRR <1% at FAR 1:10 000 I • Full compatibility with all the ISO standards below.. Technology/ - ISO/IEC 17839, Biometric System-on-Card and Performance - ISO/IEC 7810, Physical characteristics and - ISO/I
Slide 11: NEXT Enabled volume markets
NEXT Enabled volume markets Key Fobs Smart Home Concepts Remote controls Internet of Things The NB 1411-Series The World’s first Full size, Low cost, Tokens Embedded module Portable hard drives <<<<< Built to develop and serve a wide range of new NEXT-Enabled volume markets 11
Slide 12: Mass market relevant documentation of performance..
Mass market relevant documentation of performance.. FRR levels when FAR levels are set at 0,01% Images from full size sensors THE TCS-1 12.8*18.0 mm AVERAGE FRR 230 mm2 500 dpi 0,42% Capacitive Principle THE NB-1010-U 11.9*16.9 mm AVERAGE FRR CONCLUSIONS : 201 mm2 0,63% 385 dpi Active Thermal Princi
Slide 13: Mass market relevant documentation of performance..
Mass market relevant documentation of performance.. FRR levels when FAR levels are set at 0,01% Images from Images cropped Images cropped Images cropped full size at 12*12 mm at 10*10 mm at 8*8 mm sensors 144 mm2 100 mm2 64 mm2 THE TCS-1 12.8*18.0 mm Average FRRs AVERAGE FRR AVERAGE FRR AVERAGE FRR
Slide 14: On Track -> Expansion of capacity mass production rigid modules
On Track -> Expansion of capacity mass production rigid modules Sensor Sensor coating ASIC Module & Assembly 3 ISO-9000 APPROVED PARTNERS Component…. Capacity April 2016 • “Unlimited “capacity • 1 mill units per month • Unlimited “capacity • 0,5 mill per month • 10 volume lots completed • 5-6 months
Slide 15: On Track -> Expansion of capacity mass production flexible sensors
On Track -> Expansion of capacity mass production flexible sensors Sensor Sensor coating ASIC Component…. Capacity H1 2017 • Target 2 mill / month • 1 mill units per month • Unlimited “capacity • 2018 .. 10 mill/ month • 5-6 months leadtime for • ASICs are delivered yielded Scalebility/Yield extra c
Slide 16: Corporate snapshot- The Share
Corporate snapshot- The Share… • Shares outstanding 13,511,855 OSLO STOCK • Total options: 1,335,936 average exercise price NOK 29.50 (USD 3.50) EXCHANGE (NEXT) • Share price 14 Mar 2016 = NOK 92.00 (USD 10.80) • Market Cap 14 Mar 2016 = NOK 1,250M (USD 150M) No of shareholders increased from 580 Oc
Slide 17: Mass production in high volumes in 2017
Mass production in high volumes in 2017 • Full size sensor • Fully ISO compliant • Fully flexible - in all directions • Mass producable - in high volumes and at low cost • Protected by a range of patents and trade secrets <<<<<
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