Advanced Smartcard Technologies plc
08 February 2006
Advanced Smartcard Technologies plc
Advanced Smartcard Technologies Record First Quarter
Advanced Smartcard Technologies plc, ("SMRT") the Scottish based software group
specialising in smartcard technology, is pleased to announce that trading in the
first quarter of their financial year has been encouraging. The group achieved a
record first quarter operating profit as a result of profitable trading in its
wholly owned subsidiary, Ecebs Limited.
David Braddock, Managing Director of SMRT, commented,
" We are extremely pleased to have delivered such positive results and remain
focused on the implementation and delivery of smartcard applications to our
clients and partners. Our smartcard technology has been adopted with great
enthusiasm, and we are committed to expanding this in all our chosen market
sectors. The company is continuing to drive sales forward and maintains a strong
pipeline of future orders."
- ends -
Date: February 8, 2006
For further information contact:
Advanced Smartcard Technologies plc 01355-268521
David Braddock, Managing Director
Stephen Naylor, Finance Director
SVS Securities 020 7638 5600
Ian Callaway
Peter Manfield
cityPROFILE 020 7448 3244
Simon Courtenay
Lynn Mah
About Advanced Smartcard Technologies plc ("SMRT", "The Company")
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.
The Company's key differential is its core intellectual property, a software
product branded 'MultefileTM'. This is a patented, groundbreaking technology,
which is set to radically improve the way smartcards are deployed and developed
within the industry, significantly reducing development costs and increasing the
flexibility of smartcard solutions. MultefileTM enables smartcard issuers to
directly manage their smartcards after issue - bringing significant benefit to
both issuers and users.
This information is provided by RNS
The company news service from the London Stock Exchange
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