INSIDE Contactless named winner of the Deloitte Technology Fast 50 OSEO prize in the Innovation category

Aix en Provence, November 9th, 2007–INSIDE Contactless, a leading provider of advanced, open standard contactless chip technologies, and leader in NFC technology, today announced the company has been awarded the Deloitte Fast 50 OSEO prize in the Innovation category.

Announced by Peggy Bouchet on November 8th, at the Palais de la bourse of Marseille, the award ranks the 50 fastest developing technology companies in South of France.

With 30 million units shipped of its MicroPass software platform, INSIDE Contactless growth forecast should be comprised between 40 and 60% for the next 3 years.

With more than 12 years experience in building contactless chips, INSIDE Contactless has already been granted more than 55 patents, including several essential NFC technology patents.

INSIDE Contactless’ NFC technology is now powering more than a dozen of mobile handset models, as well as payment devices, smart cards and other applications. Praised by consumers for its facilitating role in their daily transactions, it does apply to lots of market segments. This award celebrates the development achievements of INSIDE, which owns more than 70% of the chips delivered for contactless payment cards in the US market.

Comprised of regional and national OSEO delegates, the jury of the Deloitte Technology Fast 50 program rewards companies with the best R&D policy.

This annual ranking is also carefully looked at by investors as it does not unveil potentials but companies that have already proved their capacity to create and innovate.

Prizewinners are therefore well positioned to establish preferential relations with leading investors and financial service providers.

Rémy de Tonnac, CEO of INSIDE Contactless, commented: “This award is all the more important to us that it does not only recognize INSIDE’s financial performance but also the relevancy of our business choices and strategic vision in line with current market requirements. We welcome it as an incentive to go forward and maintain the same high levels of innovation and ambition.”

About INSIDE Contactless

As the only fabless semiconductor company focused exclusively upon contactless chip platforms, INSIDE Contactless is a market leader in Near Field Communication (NFC), contactless payments, and access control. Innovation in contactless technology has led to more than 55 patents granted to INSIDE, including several essential NFC technology patents.

INSIDE Contactless is the #1 market share provider of contactless bank card applications in the US, with more than 20 million MicroPass platforms powering cards from leading bank card issuers. More than 25 key partners around the world, including HID, Giesecke & Devrient and SAGEM, have successfully delivered contactless products such as payment & access cards, point of sale terminals, NFC enabled mobile handsets, and other products which are ‘powered by INSIDE’. INSIDE Contactless is headquartered in Aix-en-Provence, France, with offices in Shanghai, Singapore, Poland, San Francisco, and Boston.

For more information, please visit: http://www.insidecontactless.com.

Contacts

Elise Koenig
AxiCom
+33 1 41 06 18 07
elise@axicom-france.com

Jean-Marie Amoros
AxiCom
+33 1 41 06 18 05
jeanmarie@axicom-france.com

---