DGAP-News: SMARTRAC prepares for electronic passport and ID card demand in South America

SMARTRAC N.V. / Miscellaneous

10.02.2010 09:11

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Amsterdam, February 10, 2010 - SMARTRAC N.V., a leading manufacturer and
supplier of RFID transponders, today announced that its local subsidiary in
Manaus, Brazil, is making provisions for upcoming electronic passport and
ID card projects in South America. First samples for a current electronic
passport bidding process have been produced in the production site in the
Amazon region and delivered.

Customers relying on SMARTRAC’s local presence in the region benefit from
the company’s long-lived experience in the manufacturing of high security
inlays. Purchase from a local supplier also offers business partners
significant tax advantages compared to products that are manufactured
abroad and have to be imported.

‘The South American Market has great potential in terms of eID
applications’, says Dr. Christian Fischer, CEO of SMARTRAC. ‘We are
confident that the benefits of our local production site combined with our
superior technology and long lasting experience will help us to gain market
share in this region.’

SMARTRAC High Security RFID inlays for electronic passports, National ID
Cards and further electronic identity documents are manufactured with the
company’s advanced and proprietary wire-embedding technology. This superior
antenna technology has set standards for high security applications and is
the technology of choice for more than 30 electronic passport projects
worldwide.

In South America, adoption of electronic passports and ID cards is
currently in the early stages. In the course of the further market
development and with rising demand, SMARTRAC intends to convert its
production facility into a high security production environment conformant
to the international common criteria (CC) security standard.

About SMARTRAC N.V.
SMARTRAC is a leading manufacturer and supplier of RFID (Radio Frequency
Identification) components for a broad bandwidth of applications in all
current frequency standards. The company produces ready-made as well as
customized transponders for public transport, access control, animal
identification, industry and logistics.

SMARTRAC is the global leader in high-quality RFID inlays for passports
with integrated, contactless chips (e-Passports), contactless credit cards
(e-Payment) as well as for RFID transponders for public transportation
applications and car immobilizers. SMARTRAC was founded in 2000 and since
going public in July 2006 has been trading as a stock corporation under
Dutch law with its registered headquarters in Amsterdam. The company
currently employs some 2,600 employees and maintains a global research and
development, production and sales network.

Forward-looking statements
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning, and forecasts at the
time of publication of this press release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions, and other factors may
cause the actual results to be materially different from the assumptions,
planning, and forecasts at the time of publication of this press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this press release.

Tanja Moehler
Head of Corporate Communications
SMARTRAC N.V.
Phone: +31 20 30 50 157
E-mail: media.relations@smartrac-group.com

10.02.2010 09:11 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at

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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Niederlande
Phone: +31 20 30 50 156
Fax: +31 20 30 50 155
E-mail: investor.relations@smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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