LaserCard Wins Vehicle Registration Card Program in Middle East
Extends Footprint in Middle East and Broadens Application of Secure Credential Offering
MOUNTAIN VIEW, Calif., March 3, 2010–LaserCard Corporation (NASDAQ:LCRD; http://www.lasercard.com), a leading provider of secure ID solutions, has been selected to manufacture and supply vehicle registration cards for a Middle Eastern nation. A recent $850,000 purchase order follows an initial order valued at approximately $560,000 shipped earlier this fiscal year.
This new program expands LaserCard’s footprint in the Middle East, where the Company supplies multi-technology, highly secure national ID cards for the Kingdom of Saudi Arabia. The program also marks LaserCard’s fourth vehicle registration program win, following three successful, ongoing programs for state authorities in India. The new cards are high-quality, durable documents incorporating high-resolution security printing and other innovative features.
This new vehicle registration card program underscores the Company’s continuing drive to address the varied needs of the government ID market, regardless of application and the technologies required. LaserCard also recently announced the award of a specialized, secure certification card program for professional drivers in Hungary.
“We are partnering with governments around the world to provide creative solutions as they upgrade the security of official documentation used in new state and national programs,” said Bob DeVincenzi, President and CEO of LaserCard. “Whether through our customizable multi-technology ID credentials, our tamperproof optical media cards, or our high quality specialty cards, our technology-inclusive capabilities address a broad, diverse range of customer requirements.”
LaserCard’s highly secure, 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 further information, please visit http://www.lasercard.com.