Olivier Piou, Chief Executive Officer, commented: "2006 was a foundation year for Gemalto: we successfully completed our merger and launched our vision of digital security. We are now focused on the opportunities identified in this area and our numerous contracts wins in 2006 for e-passport and e-identity programs offer great support to our strategic vision: Gemalto's customer relationships and technological leadership provide a tremendous base for the future. Initial synergy realization is in line with our expectations: we are committed to maximizing operating efficiencies to reach our 2009 objectives."

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