16th Jul 2007 15:08
Advanced Smartcard Technologies plc16 July 2007 ADVANCED SMARTCARD TECHNOLOGIES PLC ANNOUNCES FURTHER SMARTCARD SALES TO ITSO Advanced Smartcard Technologies plc (RIC: SMRT/L, the "Company"), the Scottishbased software group specialising in smartcard technology, through its whollyowned subsidiary Ecebs Limited ("Ecebs"), is delighted to announce that it hasreceived an order from ITSO Limited ("ITSO") for 20,000 ITSO Secure ApplicationModules ("ISAM"). ITSO is a strategic initiative supported by the major bus and rail transportorganisations in the UK and the UK Government to provide interoperable smartcardbased ticketing which is also compliant with international open standards. The ISAM is a key component of all ITSO schemes and sits in all terminals in anITSO smartcard system and provides the means by which smartcards issued by avariety of transport operators are read and verified. ITSO have placed this order to create a buffer stock for the ITSO market in theanticipation of increased deployment of ITSO compliant ticketing schemes overthe next few years. These devices will become available for sale to ITSO schemeoperators during 2008. This revenue to the Company has already been included inthe current market projections. David Braddock, Chief Executive of Advanced Smartcard Technologies plccommented: "We are extremely pleased to receive this order and to continue theclose relationship we have developed with ITSO over the years. This orderclearly demonstrates the determination that exists to drive forward the successof ITSO." Mike Eastham, ITSO General Manager stated: "The amount of activity in our markethas increased dramatically during the past few months. ITSO Smartcard Schemesare starting up and expanding all over England, Wales and Scotland and thepotential arrival of enhanced concessionary travel schemes will drive demandstill further. This provision of a good level of ISAM stock will assist thesmooth roll-out of ITSO schemes. -ends- Date: 16 July 2007 For further information contact: Advanced Smartcard Technologies plc 01355 813430David Braddock, Chief ExecutiveStephen Naylor, Finance Director SVS Securities plc 020 7638 5600Ian CallawayPeter Manfield WH Ireland Limited 0161 832 2174David Youngman NOTES TO EDITORS About Advanced Smartcard Technologies plc Advanced Smartcard Technologies plc, through its wholly owned subsidiary EcebsLimited, is an innovative software company operating in the dynamic andexpanding smartcard arena. The Company joined AIM in December 2005. It providessmartcard technology to a wide range of user markets including transport, ID,finance and local and national government departments and blue-chip companies.It has developed and patented an innovative technology solution, brandedMultefile(TM), that is designed to radically improve the way smartcard softwareapplications are developed and deployed. The key feature of the software is itsability to reduce development time and cost while increasing clientfunctionality and ease of use resulting in an increase in the flexibility ofsmartcard solutions. Multefile(TM) can be used not only in conventional contact and contactlesssmartcards but also in a variety of other 'smart' devices such as mobiletelephones. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SMRT.L