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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

01/05/2008 8:01am

UK Regulatory


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
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