euro adhoc: SMARTRAC N.V.
other
SMARTRAC receives major order for several
million inlays for US ePass project
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
28.11.2006
Amsterdam, 28 November 2006. SMARTRAC, the inventor of inlays for electronic passports, has obtained the first major order to supply several million ePassport inlays for the United States ePass project in 2006/2007. The order, placed by Infineon Technologies, is the most significant order in the high-security RFID inlay industry to date. The US programme, for which SMARTRAC will produce the inlays, is currently the worlds largest ePass project with a potential volume of 13 to 18 million passports per annum.
Since 2004, SMARTRAC has been a certified supplier for the current US ePassport programme for which it is already producing approximately one million inlays a month. In order to meet the US and increasing worldwide demand for high security inlays SMARTRAC is planning to open its fourth factory at the companys location in Thailand as early as January 2007. In addition, SMARTRAC plans to boost its worldwide production capacity for ePassport inlays in 2007 to 4 million per month by opening a factory in the US.
SMARTRAC is currently involved in 70 of the worlds 95 ePassport programmes. Certification for the US ePassport programme means that the company will greatly benefit from the worldwide introduction of ePassports that is also accelerated by the provisions of the US authorities within the framework of the Visa Waiver Programme that came into effect on 26 October 2006. In order to comply with these regulations, the 27 countries whose citizens are allowed to enter the United States without a visa have started introducing electronic passports.
end of announcement euro adhoc 28.11.2006 08:31:40
Further inquiry note:
Max Hohenberg
Media Relations SMARTRAC N.V.
Tel: +49 711 6569 2616
Email: max.hohenberg@smartrac-group.com
Branche: Technology
ISIN: NL0000186633
WKN: A0JEHN
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade