ID Data plc is pleased to announce the appointment of Durlacher Limited as its Nominated Adviser and Broker with immediate effect.
Significant progress has recently been made with additional orders, including the Company’s first order for multi-application smart cards with an initial order value of
£2.0 million. The order from a Japanese multinational corporation uses a 16K chip to run a total of three applications, including a loyalty scheme, a bank card and an application specific to the user, making this the first of its type in Europe and is expected to lead to a further £6.0 million of sales over the next two years.
In the retail market, letters of intent have also been secured for a number of European loyalty membership schemes with a combined order value in excess of £6 million, expected to be completed in the first half of the year to 31 March 2003.
In line with the expectations outlined in the Interim Statement, the level of sales for the second half of the year to 31 March 2002 is expected to be significantly ahead of the first half.
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For further information, please contact:
Tel: +44 (0) 1536 207 000
Tel: +44 (0) 1536 207 000
Tel +44 (0) 207 459 3600
Bankside Consultants Limited
Henry Harrison-Topham / Russell Elliott
Tel: +44 (0) 20 7444 4140
Notes to Editors:
ID Data plc
ID Data plc ("ID Data") is the UK’s largest supplier of secure transaction systems and smart card to the international telephony, banking, retail and secure access sectors.
The Company’s strategy has moved it from the supply of commodity products to the provision of value-added services and solutions and created a solid platform on which to build further growth. Clients include BT and Cable & Wireless, Barclays Bank, Tesco, The AA and Esso Exxon.
ID Data has formed agreements with major global corporations to facilitate rapid market development including partnerships with Hitachi, Toshiba and Toppan. The company has now delivered in excess of 6 million chip cards for banking in the UK.
More recently, ID Data has moved into the area of systems development with the launch of ‘Origin J’, a unique new Java™ software product for smart cards.
The Company was founded in 1988 and was listed on the AIM in October 2000.
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