Further Sales to ITSO

Advanced Smartcard Technologies plc 16 July 2007 ADVANCED SMARTCARD TECHNOLOGIES PLC ANNOUNCES FURTHER SMARTCARD SALES TO ITSO Advanced Smartcard Technologies plc (RIC: SMRT/L, the "Company"), the Scottish based software group specialising in smartcard technology, through its wholly owned subsidiary Ecebs Limited ("Ecebs"), is delighted to announce that it has received an order from ITSO Limited ("ITSO") for 20,000 ITSO Secure Application Modules ("ISAM"). ITSO is a strategic initiative supported by the major bus and rail transport organisations in the UK and the UK Government to provide interoperable smartcard based ticketing which is also compliant with international open standards. The ISAM is a key component of all ITSO schemes and sits in all terminals in an ITSO smartcard system and provides the means by which smartcards issued by a variety of transport operators are read and verified. ITSO have placed this order to create a buffer stock for the ITSO market in the anticipation of increased deployment of ITSO compliant ticketing schemes over the next few years. These devices will become available for sale to ITSO scheme operators during 2008. This revenue to the Company has already been included in the current market projections. David Braddock, Chief Executive of Advanced Smartcard Technologies plc commented: "We are extremely pleased to receive this order and to continue the close relationship we have developed with ITSO over the years. This order clearly demonstrates the determination that exists to drive forward the success of ITSO." Mike Eastham, ITSO General Manager stated: "The amount of activity in our market has increased dramatically during the past few months. ITSO Smartcard Schemes are starting up and expanding all over England, Wales and Scotland and the potential arrival of enhanced concessionary travel schemes will drive demand still further. This provision of a good level of ISAM stock will assist the smooth roll-out of ITSO schemes. -ends- Date: 16 July 2007 For further information contact: Advanced Smartcard Technologies plc 01355 813430 David Braddock, Chief Executive Stephen Naylor, Finance Director SVS Securities plc 020 7638 5600 Ian Callaway Peter Manfield WH Ireland Limited 0161 832 2174 David Youngman NOTES TO EDITORS About Advanced Smartcard Technologies plc Advanced Smartcard Technologies plc, through its wholly owned subsidiary Ecebs Limited, is an innovative software company operating in the dynamic and expanding smartcard arena. The Company joined AIM in December 2005. It provides smartcard technology to a wide range of user markets including transport, ID, finance and local and national government departments and blue-chip companies. It has developed and patented an innovative technology solution, branded Multefile(TM), that is designed to radically improve the way smartcard software applications are developed and deployed. The key feature of the software is its ability to reduce development time and cost while increasing client functionality and ease of use resulting in an increase in the flexibility of smartcard solutions. Multefile(TM) can be used not only in conventional contact and contactless smartcards but also in a variety of other 'smart' devices such as mobile telephones. This information is provided by RNS The company news service from the London Stock Exchange
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