April 27, 2010

PRESS RELEASE

Multos International reaches sales of 120 million EMV chips 

Multos International today announced that it has reached the milestone of 120 million pieces of their secure MULTOS and MULTOS step/one smartcard products delivered into the global banking market for EMV migration. This is a significant achievement and highlights the continued growth in shipments of MULTOS technology, working with banking customers and card manufacturing partners around the world. 

Richard Cusson, Managing Director of Multos International said "We are excited with this achievement, but it really is an indication of the success of our Issuer customers and their respective EMV migration projects.  The level of activity with many of our customers is an encouraging sign of increased opportunities ranging from standard contact EMV issuing, to more advanced multi-application and contactless functionality.  We look forward to continuing to offer our customers some of the best technology available in the smartcard industry backed up by our renowned support".

Multos International provides EMV solutions for a range of customers in 40 countries around the world, including Issuers with multi-million card portfolios in Korea, Taiwan, Malaysia, Australia, Canada, Mexico, Brazil, Venezuela, Colombia, UK and Eastern Europe.

About Multos International

Multos International is a leading implementer of MULTOS technology and a founding member of the MULTOS consortium, which has responsibility for developing and promoting the secure, multi-application smartcard operating system. In addition to developing and supplying the MULTOS platform to dozens of card manufacturers around the world, Multos International also offers a range of smartcard applications applicable to the EMV migration and secure Identity markets.

Multos International products have been used in numerous security sensitive projects, in a broad mix of issuing environments and supply chain configurations. With Operations personnel and Technical Support staff located around the world, Multos International is fully capable of providing MULTOS products and ancillary services that form the basis of a successful smartcard-based solution.

For further details please contact Multos International at: info@multosinternational.com