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IDD ID Data

0.25
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
ID Data LSE:IDD London Ordinary Share GB0009778589 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Contract Win

24/04/2008 8:00am

UK Regulatory


RNS Number:9804S
ID Data Group PLC
24 April 2008

                                                                  24 April 2008

                               ID Data Group plc
                          ("ID Data" or the "Company")

  ID Data gains new contract win expected to be worth £3m over three years for
                          chip bank cards and services

ID Data Group plc (AIM: IDD), the smart card and card solutions group, today
announces that it has won a significant contract to supply bank and co-branded
cards to one of the world's leading financial services companies.

The contract encompasses the manufacture, personalisation and fulfilment of
smart bank cards for the UK market and the annual spend is expected to exceed
£1million.

The initial three year contract is expected to lead to further business as ID
Data proves its skills and capabilities to the client. These include the
Company's leading touch and go payment technology along side its traditional
technology which is used for chip and pin transactions.

Commenting on the contract, Peter Cox CEO said: "This is a major win for ID Data
in the financial services sector and together with the other major brands we are
now servicing, should demonstrate to the investment community and other issuers
of bank cards in Europe, that ID Data has a range of technology and services to
match any of our global competitors.

Our company has completed a major transition to strengthen its offering to the
financial sector and the Company now has the skills and capabilities to deliver
flexible, world class solutions that will meet the demands of our clients for
both high quality, and improved and proactive services."


                                     -Ends-

About ID Data

ID Data is a fully accredited Visa and MasterCard card producer and card
processor with its high security bank card capabilities based in Petersfield,
England. The company has won major acclaim for its deliverables in the touch and
go payments sector, plus is one of the few "Multos" issuing partners in the
world, where it can develop and deliver multi application technology using the
Multos platform.

For further information, please contact:

ID Data Group plc
Peter Cox, Chief Executive                              Tel: +44 (0) 1730 235700
peter.cox@iddata.com

Smith & Williamson Corporate Finance Limited
Azhic Basirov / David Jones                            Tel: +44 (0) 20 7131 4000


Media Enquiries
Abchurch
Chris Lane / Joanne Shears                             Tel: +44 (0) 20 7398 7709
Joanne.Shears@abchurch-group.com









                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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