Source: ID Data
ID Data Group (IDD), the smart card and card solutions group, is pleased to announce that it has won a new contact to manufacture and deliver Multos multi application smart cards for use by Buypass, the leading Norwegian security, payment services and solutions provider.
With this significant order, ID Data will play an integral role in what is expected to be one of the largest global implementations of the Multos technology. The contract is attributable to ID Data's highly developed skills in the multi application smart card business and follows the Group's recent significant recognition amongst leading edge secure card issuers. ID Data won the business against international competition based upon a proven track record of successful development and delivery of similar projects.
The contract will be delivered during the financial year ending March 2009 and is expected to have a positive effect on the Company's results for the current year.
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 sehas seen significant consolidation and rationalisation which has lead to some of our global competitors experiencing production shortages. ID Data has overcome this and reacted intelligently with flexibility and innovation to meet the clients' initiatives, this contract is proof of these skills."