|
|
 |
|
| cardsnmore.com / press_releases / 02-10-2006.html |
|
LaserCard Corporation Receives Purchase Order Valued at $2.7 Million for Optical Memory-Based U.S. Permanent Resident Cards |
|
02.10.2006 - LaserCard Corporation (NASDAQ:LCRD) today announced receipt of a $2.7 million purchase order for the supply of optical memory cards to the U.S. Department of Homeland Security's U.S. Permanent Resident Card ("Green Card") program and the Department of State's Border Crossing Card ("Laser Visa") program.
The purchase order issued by the prime contractor calls for deliveries over a four-month period beginning in September 2006, and maintains continuity of supply and the strategic reserve for these programs until an anticipated longer term subcontract is received.
"We are particularly proud to have been selected again to help fulfill some of the critical identification needs of the U.S. government," said Richard Haddock, CEO of LaserCard Corporation. "Optical Memory Cards are widely recognized as being the most secure among all ID cards issued by the federal government. With no known case of optical memory card's data security having been compromised in nine years of use, this is a track record unparalleled in the ID Solutions industry."
LaserCard Corporation's revenues from the Green Card and Border Crossing Card programs have averaged approximately $9.5 million annually over the last several years. |
|
|
|
|
