LaserCard Receives $2.2 Million Order for Secure ID Credentials for Saudi Arabia National ID Card Program
Mountain View, Calif., Sep. 30, 2010–LaserCard Corporation (NASDAQ:LCRD), a leading provider of secure ID solutions, has received a follow-on purchase order valued at approximately $2.2 million for chip-ready, optical security media-based credentials for the Saudi Arabia national citizen ID card program. Delivery has been completed in the Company’s current fiscal quarter, ending October 1, 2010.
The ID cards are issued to Saudi citizens nationwide for identification and regional travel purposes.
“Saudi Arabian citizens are carrying credentials based on ID technology acknowledged as being among the most advanced and secure available today, providing the nation a powerful national and cross-border security tool,” said Robert DeVincenzi, president and CEO of LaserCard.
LaserCard’s advanced ID credentials are trusted by governments worldwide to protect the personal identification of their citizens, foreign residents and government employees, and to provide official documentation such as driver licenses and vehicle registration cards.
About LaserCard Corporation
LaserCard Corporation, together with its subsidiaries, is a leading provider of secure ID solutions to governments and commercial clients worldwide. It develops, manufactures, and integrates LaserCard® optical media cards, multi-technology cards, encoders, peripherals, smart and specialty cards, biometrics, and modular software. The Company’s cards and systems are used in various applications, including citizen identification, border security, government service delivery, and facility access.
For more information, please visit http://www.lasercard.com.
Steven G. Larson
Vice President, Finance