Targeted Strategies for Today's Evolving Markets

MissionIR Blog

LaserCard Corp. (LCRD) Receives Confirmation of $1.6 Million Indian Account

The LaserCard Corporation has just acknowledged the receipt of three purchase orders of optical memory cards for vehicle registration programs in India, totaling $1.6 million dollars.

LaserCard Corp. is an American secure identification solutions company generating serious revenue from foreign sales. LaserCard’s official Value-Added Reseller (VAR) has just completed a business restructuring in three separate states in India. Through these program variations, the VAR is anticipating a further increase in growth. It has also indicated that orders may exceed $1 million in each of the next two quarters for the same three states, and is hopeful of adding new states to the program.

“We are pleased that our VAR has increased demand for our optical cards beyond our initial expectations for this quarter,” said Bernard C. Bailey, Chairman of the Board of Directors. “The issuance of secure vehicle registration documents reduces tax evasion and fraud and results in a net tax revenue benefit for the states involved. We are proud that LaserCard is making a key contribution to document security via our tamperproof data storage technology.”

This latest account adds to LaserCard’s already impressive contract portfolio, which includes government and commercial clients from the United States, Canada, Italy, Germany, and Saudi Arabia.

Let us hear your thoughts below:

This entry was posted in Small Cap News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *