NEXT Biometrics Completes Tests of New ASIC Custom Built Chip

NEXT Biometrics Group ASA (Oslo Bors: NEXT) today announced it completed testing of its new ASIC, the A2, a custom built chip that will significantly reduce company production costs. The company also announced that the first order for the new NEXT chip has been placed for production ramp up.
As quoted in the press release:

NEXT said the tests of its second generation ASICs (application-specific integrated circuit), completed this week, confirm that the new A2 Chip will reduce costs by more than $2.50 per module in announcing the first volume order for the NEXT chip was placed for production.

Click here for the full press release.