Advanced Smartcard Technologies plc
08 May 2006
ADVANCED SMARTCARD TECHNOLOGIES PLC ANNOUNCES
£700,000 NEW CONTRACT SUCCESSES
Advanced Smartcard Technologies (RIC: SMRT/L), ("AST") the Scottish based
software group specialising in smartcard technology, through its wholly owned
subsidiary Ecebs Limited, is delighted to announce that the Company has been
awarded new contracts worth in excess of £700,000 over the next 12 months.
The new contracts include further business with subsidiaries of The Royal Bank
of Scotland Group PLC and also with ITI Techmedia, a company set up with the
support of the Scottish Executive to drive Scotland's ambitious plans to
identify and commercialise valuable technology-based intellectual assets.
The contracts will develop further AST's business in the areas of secure
smartcard transport ticketing and anti-counterfeiting activity.
David Braddock, Managing Director of AST commented,
" We are delighted to win these new contracts and extremely pleased that our
successful technology development in the highly specialised sectors of transport
ticketing and anti-counterfeiting continues to be adopted by such high calibre
companies. This is a further vindication of the strength of our developing
smartcard technology and processes.
" Since listing in December 2005 we have made significant progress in developing
our technology. It is excellent news that our development capability has been
recognised by high profile clients in Scotland including Royal Bank of
Scotland."
-ends-
Date: 8 May 2006
For further information contact:
Advanced Smartcard Technologies plc 01355-268521
David Braddock, Managing Director
Stephen Naylor, Finance Director
SVS Securities plc 020 7638 5600
Ian Callaway
Peter Manfield
ARM Corporate Finance Limited 020 7512 0191
Nick Harriss
cityPROFILE 020 7448 3244
Simon Courtenay
Andrew Harris
NOTES TO EDITORS
About Advanced Smartcard Technologies plc
Advanced Smartcard Technologies plc, through its wholly owned subsidiary Ecebs
Limited, is a profit making, software company operating in the dynamic and
expanding smartcard arena. SMRT listed on AIM in December 2005. The Company
provides smartcard technology to a wide range of user markets including
transport, ID, healthcare, finance and local and national government departments
and blue-chip companies.
This information is provided by RNS
The company news service from the London Stock Exchange
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