Next Biometrics Files for Bankruptcy After Supply Issues
What happened
Next Biometrics announced its intent to declare bankruptcy and halted trading on the Oslo Bors. The company stated it ran out of time and funding to execute its pivot toward Anywhere-in-Display fingerprint biometrics technology. The company plans to present a bankruptcy petition to Norwegian authorities on October 12.
From biometricupdate.com
Why it matters
Next Biometrics had previously supplied sensors for Dell laptops. The company was attempting to transition from supplying consumer electronics sensors to flexible sensors for biometric smart cards. The bankruptcy affects the supply of specialized biometric components to the consumer electronics market.
From biometricupdate.com
Who's involved
- DellCustomer of Next Biometrics, which supplied sensors for its laptops
- Dell TechnologiesThe corporate entity that evolved from the original company known as Dell
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- DellSpeculative
Dell might face supply chain disruptions or increased costs for biometric sensors used in its laptop production
Keep exploring
The entities involved
-
Dell
American multinational computer technology corporation