$15 million for Italian ID cards

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LaserCard Corporation has been awarded $15 million by the Italian government to provide optical memory cards for use in Italy's two national ID programs.

has been awarded $15 million by the Italian government to provide LaserCard optical memory cards for use in

's two national ID programs, the citizen ID card and the new foreign worker ID card.

The foreign worker card program was mandated by the Italian parliament in late 2004. Most foreign worker cards will be valid for two years and then will need replacing if the cardholder wishes to continue to work legally in Italy, while a smaller percentage, expected to be about ten percent, will be valid for only one year before they need to be replaced.

Deliveries under the foreign worker ID program are scheduled to be completed in April, 2006. The company anticipates that shipments of foreign worker ID cards will represent up to $5 million in revenues per year once the program is fully implemented.

The order for citizen ID cards follows the completion of two experimental phases during which LaserCard supplied more than two million cards.

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