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| cardsnmore.com / press_releases / 3_million_purchase_order_for_us_permanent_resident_cards.html |
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LaserCard Corporation Receives $3 Million Purchase Order for U.S. Permanent Resident Cards ("Green Card") |
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06.03.2008 - LaserCard Corporation, a leading provider of secure ID solutions, (NASDAQ:LCRD) today announced receipt of a $3 million purchase order for the supply of optical memory cards to the U.S. Department of Homeland Securitys (DHS) U.S. Permanent Resident Card ("Green Card") program.
The purchase order, issued by the prime contractor to the Citizenship and Immigration Services agency of DHS, calls for deliveries beginning in March 2008 and continuing through LaserCard's fiscal 2009 first quarter ending in June.
"We are pleased to see the U.S. Department of Homeland Security's continued commitment to the optical memory card for this mission critical homeland security application," said Bernard Bailey, LaserCard Chairman of the Board. "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 our optical memory cards digital security having been compromised in more than 10 years of use, this is a track record unparalleled in the ID Solutions industry."
LaserCard Corporations revenue from the Green Card program has averaged approximately $6 million annually over the last two years. |
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