$1.7 Million Contract With Costa Rica for LaserCard
LaserCard Corporation announced the award of a contract by the government of Costa Rica. The agreement, valued at approximately $1.7 million, is for the supply of an ID Management System for the country's Foreign Resident program.
This is a Press Release edited by StorageNewsletter.com on December 22, 2007 at 5:19 pm
This award
follows the preliminary phase of the program under which LaserCard
previously supplied approximately $500,000 worth of optical memory
cards and secure encoders in late calendar 2005.
Under the terms
of the agreement announced today, LaserCard will supply a suite of
demographic and biometric data collection and card issuance equipment
and software solutions to assist the Costa Rican government to manage
the issuing of highly secure optical memory based Foreign Resident
Cards. The applications include the centralized enrollment of legal
foreign residents, automatic fingerprint identification to prevent the
issuance of duplicate cards, optical memory encoding and card printing
servers, quality assurance and card issuance controlled by LaserCard’s
biometric verification system. The issuance process will also include
biometric identification of workstation operators and strict card
auditing processes.
The contract
terms include a limited supply of Foreign Resident ID Cards, which
incorporate a number of security features in addition to LaserCard’s
secure optical memory. The card’s optical memory will store cardholder
information including high resolution color facial image, fingerprint
images and templates (for automatic one-to-one identity verification),
digitized signature and biographic data. In addition, the optical
stripe will also feature LaserCard’s unique Embedded HologramHD, a
personalized optical variable device which, like the digital data,
cannot be fraudulently altered.
Installation of
the system is expected to be completed in the spring of 2008. Revenues
from the contract will be deferred until the customer’s acceptance of
the equipment, software, and cards which is anticipated to be during
the spring or summer of 2008.
“We are pleased
and proud to play a leading role in this key homeland security project
with the government of Costa Rica. This ongoing relationship is further
testament to LaserCard’s optical memory technology and its ability to
provide the most secure solution available today,” said Stephen
Price-Francis, Vice President of Business Development of LaserCard
Corporation. “With this contract, the evolution of our company from
technology components supplier to solutions provider continues,
building substantially upon the experience we gained in successfully
installing an integrated national ID solution for a country in the
Middle East.”
The Costa Rica Foreign Resident Card is designed to
be inter-operable with U.S. and Canadian optical memory-based
authentication and ID verification systems. More than 30 million
optical memory cards have been issued by the U.S. and Canadian
governments with no known case of optical memory’s digital security
having been compromised.
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