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AMERICAN MAGNETICS TO USE AT&T SMART CARD TECHNOLOGY

 MURRAY HILL, N.J., April 22 /PRNewswire/ -- American Magnetics Corporation (AMC), a leading manufacturer of magnetic-stripe reading and encoding products ad access-control systems, announced today that it will be integrating AT&T contactless smart card technology into its security products.
 The technology is being supplied by AT&T Smart Cards, headquartered in Somerset, N.J., a leading developer of smart cards and applications, and a pioneer in contactless smart card technology. American Magnetics is a subsidiary of Group 4, one of the largest security companies in the world.
 The new smart card-based security systems will have several benefits over magnetic strip-card-based systems. In a corporate or campus environment, the smart card can serve as a platform for many other applications, such as bookstore and stockroom purchases, library card, benefits and insurance card, etc. The cards will be more secure, because the information stored on them is virtually impossible to access or tamper with without the proper authorization. Also, data can be dynamically changed with each use, if the application requires. For example, the smart card can keep a running record of transactions.
 "It's been many years since a truly new technology has been introduced in the area of access control and security," commented Norm Ahearn, AMC's vice president of sales and marketing. "Smart cards will soon be used by millions of people to store, carry and process a wide range of information. Using these same cards for access control and security is a logical next step. We want to be in on the ground floor of this important new technology.
 "AT&T is eager to work with the leading vendors in a variety of industries in order to establish a broad and pervasive infrastructure for our smart card technology," said Diane Wetherington, president of AT&T Smart Cards. "We are particularly pleased to be working with AMC, a company widely recognized as a pioneer in the area of magnetic stripe readers, and are delighted that they chose our contactless smart-card technology as the platform for their next generation of security products."
 "We are also discussing with AMC the incorporation of our smart card technology into other AMC product lines," added Steve Sherman, director of product management for AT&T Smart Cards, "such as their card readers for point-of-sale terminals and automated teller machines."
 AT&T contactless smart cards look like standard magnetic-stripe cards -- they're the same size and just as thin -- but they have a microprocessor and memory chips laminated within their plastic shells, allowing them to store and process the equivalent of several pages of typewritten information. In addition to building security, the cards can be used to store medical, financial and benefits information, to control access to computer systems, for electronic toll collection on highways and as electronic tickets for travel and entertainment.
 -0- 4/22/93
 /CONTACT: Mike Jacobs of AT&T, 908-582-4767, or Norm Ahearn of American Magnetics, 213-775-8651/
 (T)


CO: AT&T; American Magnetics Corporation ST: New Jersey, California IN: TLS SU: PDT

PS-SM -- NY030 -- 9291 04/22/93 10:17 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
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