28.06.2007 - Mountain View, Calif. - June 28, 2007 - LaserCard Corporation (NASDAQ:LCRD), a leading supplier of secure ID credentials used in biometric identification, today announced receipt of $1.5 million in purchase orders for the LaserCard® Optical/Smart™ -based national ID card project in a Middle Eastern country.
One purchase order, valued at approximately $0.9 million, is for the supply of secure national ID cards under a previously announced subcontract. This follows orders previously delivered bringing the total value received under this subcontract to more than $6 million. Delivery under the current order occurred in June.
In addition the Company has begun shipments against a purchase order, valued at approximately $570,000, for secure optical card encoders for this program. “We believe that these encoders will effectively double the national card issuance infrastructure, building upon the initial sites implemented by us during the last 12 months,” said Uwe Ludwig, Director of Sales, EMEA of LaserCard Corporation. Deliveries began in the current quarter ending June 30, 2007. |
