LaserCard Receives $2.9 Million Follow-on Order

LaserCard Corporation announced a follow-on purchase order valued at $2.9 million to supply secure identity cards for the Kingdom of Saudi Arabia’s national ID program. This brings the total orders received for this program to $4.7 million since April 1.

The $2.9 million order calls for the continued supply of optical smart cards to be issued via approximately 40 issuance offices in cities throughout Saudi Arabia. Deliveries are expected to be completed in the September quarter.

Previous announcements regarding this program had referred to the customer as ‘a Middle Eastern nation.’ Since the inception of the Saudi National ID Card project in 2003 through March 2008, LaserCard has supplied approximately $16 million of cards, software, hardware and services for the program.

“We are pleased to see the continuing development of the Saudi National ID program and are proud that our optical memory technology, whose digital security has never been compromised, is making a contribution to the nation’s security,” said Bernard C. Bailey, chairman of LaserCard’s board of directors. “We look forward to continuing our close relationship with the Saudi government and our local business partners in ensuring the further consolidation of this vital homeland security project.”

LaserCard has defined the Middle Eastern region as an area of strategic focus for the growth of its secure ID solutions business. The company recently expanded its business activities in Saudi Arabia through its German subsidiary, Challenge Card Design GmbH, which signed a previously announced $8.4 million contract with the Golden Chip Company late last year to deliver a turnkey card manufacturing facility.