Fargo (NASDAQ:FRGO)
Historical Stock Chart
From Jun 2019 to Jun 2024
Fargo Electronics, Inc. (NASDAQ:FRGO), a global leader
in secure technologies for card identity systems, today announced the
opening of a new office in Alexandria, Va., to serve the company's
expanding federal government business. The office is the company's
first location outside of its headquarters.
"With the HSPD-12 deadline of October 27 set, the federal
government market presents growing opportunities for Fargo," said
Kathleen Phillips, vice president of sales and marketing at Fargo.
"This office will support our current efforts to develop stronger
relationships within the systems integrator and government communities
while supporting HSPD-12 compliance. Beyond HSPD-12 there is a myriad
of opportunities to produce secure identification solutions for
additional government programs."
The Homeland Security Presidential Directive 12 (HSPD-12) mandates
the development of a common ID card system that will be interoperative
between all federal agencies by October 27, 2006. It applies to all
government employees and contractors and governs both physical and
logical access.
John Santisteban, hired in January, 2006 as the director of
government solutions for Fargo, opened the company's Alexandria office
to support a growing number of federally focused opportunities. An Air
Force veteran, he brings over 12 years of marketing to the federal and
state government to his position and has held key management roles at
Ingersoll-Rand Company, Onity Inc. and Wang Laboratories. During his
11 years with Hewlett-Packard, he led the business expansion of
reseller and distribution partners.
"Our commitment to the federal market is strong and we are pleased
to have invested in the local area," adds Santisteban. 'We see a great
opportunity to support current government programs and we continue to
build on our expertise of developing innovative identification
solutions for this market."
About Fargo
Founded in 1974, Fargo Electronics is a global leader in the
development of secure technologies for identity card issuance systems,
including secure card printer/encoders, materials and software. The
company has sold more than 100,000 systems in the U.S. and over 80
other countries worldwide. Fargo card issuance systems reduce
vulnerabilities and potential for loss of time, money and lives by
continually improving the security of identity credentials. Fargo
provides physical, information and transaction security for a wide
variety of applications and industries, including government,
corporate, national IDs, drivers' licenses, universities, schools and
membership. Based in Minneapolis, Minn., Fargo markets its products
through a global distribution network of professional security
integrators. For more information about Fargo, visit www.fargo.com.