LaserCard Corporation Announces Order of $6.8 Million for “Green Cards” and “Laser Visa” Border Crossing Cards
Mountain View, Calif., April 25, 2005–LaserCard Corporation (NASDAQ:LCRD) today announced that it has received an order from Anteon International Corporation for approximately $5 million of LaserCard” optical memory cards for use as Permanent Resident Cards (“Green Cards”) and for approximately $1.8 million of LaserCard optical memory cards to be used as U.S./Mexico Border Crossing Cards (“Laser Visas”) by the U.S. Department of Homeland Security (DHS). Anteon is the prime contractor to DHS.
The order calls for delivery of the Green Cards and Laser Visas from April 2005 through January, 2006, at the rate of approximately $2 million per quarter.
“We are pleased with the continuation order for Green Cards and Laser Visas,” said Richard Haddock, chief executive officer of LaserCard Corporation. “We believe this order is a positive sign for these important programs.”
About LaserCard Corporation
LaserCard Corporation (http://www.lasercard.com) manufactures and markets LaserCard® optical memory cards, chip-ready Smart/Optical™ cards and other advanced-technology secure identification cards. The company, headquartered in Mountain View, Calif., has sold over 25 million secure ID cards to meet the demanding requirements for border security, digital governance, and national identification in countries around the world, including the United States, Canada, Italy and India. In addition, the Company manufactures optical card read/write drives and develops optical card system software, card-related data systems and peripherals. The Company operates two wholly owned German subsidiaries: Challenge Card Design Plastikkarten GmbH, which manufactures advanced-technology cards; and cards & more GmbH, which markets cards, system solutions, and card personalization printers.