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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 |
RNS Number:5046T ID Data Group PLC 01 May 2008 1 May 2008 ID Data Group plc ("ID Data" or the "Company") ID Data wins a contract worth an estimated US$5 million to deliver Multos Multi application smart cards to Buypass, Norway ID Data wins industry award Contract win ID Data Group plc (AIM: IDD), the smart card and card solutions group, today announces that it has been awarded a contract to manufacture and deliver Multos multi application smart cards for use by Buypass, the leading Norwegian security, payment services and solutions provider. This significant order is expected to be one of the largest implementations of the Multos technology to date and shows that ID Data's highly developed skills in the multi application smart card business have achieved significant recognition amongst leading edge secure card issuers. The contract will be delivered during the financial year ending March 2009 and is expected to result in sales revenues to the Company of some US$5 million (#2.5 million). ID Data won the business against international competition based upon a proven track record of successful development and delivery of similar projects. Commenting on the contract, Tor Henning Dahl from Buypass, said: "Having worked with ID Data since 2006 we are pleased to sign a further contract with them given their excellent track record in this field. We have explored a number of options for this contract, and are delighted with ID Data's offering." Peter Cox, Chief Executive of ID Data, added: "This contract represents a tremendous achievement by our technical and sales team and once again demonstrates the high level of technical and commercial skills integral to the ID Data card solutions business. "This contract incorporates the very best technology in multi application smart cards and will allow ID Data to show the global industry that we have the capability not only to compete but to win against the competition in our sector without sacrificing price or quality. "ID Data has been a Multos issuing partner for 3 years and has delivered numerous other projects successfully. ID Data sees this type of business as its future and is rapidly introducing high technology solutions to its customer base. These include RFID in banking and retail solutions plus the latest in card technology aimed at developing environmentally friendly products along side the advanced chip applications. "Over the last year our industry has seen significant consolidation and rationalisation which has lead to some of our global competitors experiencing production capacity constraints. ID Data has overcome this and reacted intelligently with flexibility and innovation to meet the clients' initiatives, this contract is proof of these skills." Industry award ID Data also announces today that is has been awarded the Elan Award for technical achievement by the International Card Manufactures Association for its development of the MasterCard Paypass(R) "Touch and Go" payment technology and its implementation during the 2008 Brit Awards. This marks the second time in three years the company has received the Elan Award. The Paypass(R) technology implemented by ID Data will be used by other MasterCard issuers in Europe, the Middle East and Africa as they launch contactless payments as a new feature of their credit and debit card programs for the delivery of a cashless solution for payments under #10. Commenting on the award, Peter Cox said, "This award is another great endorsement of the developing strengths of ID Data, and of its team of technical and operations experts. The introduction of "Touch and Go" technology will drive further sales, and this type of industry recognition gained against global competition shows that the investments made in development by our company are paying off." -Ends- 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 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. About Buypass Buypass offers leading edge solutions for the provision of electronic services based on the use of Multos smart cards for electronic cash delivery and electronic ID. Owned jointly by The Norwegian Lottery and Norway Post, Buypass customers include both public and private organisations. This information is provided by RNS The company news service from the London Stock Exchange END CNTEAKLEDSKPEFE
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