Bull CP8 and NBS Technologies Announce Strategic Alliance; Partnership underscores competitive strengths of both firms in fast-growing smart card market in North America.ATLANTA--(BUSINESS WIRE)--May 13, 1996--Bull CP8 and NBS (National Bureau of Standards) See NIST. NBS - National Bureau of Standards: part of the US Department of Commerce, now NIST. Technologies, Inc., announced today that they are forming a strategic alliance whose primary thrust will be to provide smart card technology to financial institutions and other targeted markets. The companies will work together to develop smart card markets in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and to distribute each other's products on a global level. The alliance includes a proposal to establish a world-class smart card manufacturing capability in North America in anticipation of rapid growth over the next decade. It also covers sourcing and manufacturing of smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , technical assistance and support, plus cross distribution rights. "Our strategy is to leverage the core competencies of Bull CP8 with regional card manufacturing companies and other partners in the growth markets. We have successfully achieved these partnerships in Europe, Asia and now in North America," said Geraldine Capdeboscq, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bull CP8. "Teaming up with NBS allows us to shorten our time to market in order to better capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the explosive growth in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. smart card market. NBS has an outstanding reputation for quality and technical innovation, two attributes we feel are most critical for success." "This alliance will provide NBS customers with the world's most advanced smart card products," said Ken Kivenko, president and CEO of NBS. "Together with our existing personalization equipment and POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale card terminals, we will be able to offer customers a complete, one-stop shopping solution." About Bull CP8/Micro Card Technologies Bull CP8 is the world leader for smart card solutions with a 60 percent market share in microprocessor-based, high-security smart cards. Based in Vienna, Va., Micro Card Technologies, Inc., is the marketing arm for Bull CP8 in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Bull CP8 develops and offers a range of products, including: contact/contactless smart cards, secure card operating systems, turnkey payment cards and electronic purse systems, WAN/LAN security systems, automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs), electronic cash dispensers, statement printers, POS terminals and software. Services include full technical and applications consulting, training and customer service and support. About Bull With a presence in more than 90 countries, over 23,000 employees and combined revenue of more than $5.3 billion, Bull is one of the world's largest information technology companies and a major systems and technology integrator, offering a comprehensive range of solutions, services and support capabilities for use in multivendor environments. The company's Web address is: http://www.bull.com. -0- All trademarks, service marks and company names are the property of their respective owners. CONTACT: Gerald Hubbard or Elli Segev Micro Card/Bull CP8 NBS Technologies 703/847-3672 514/735-1341 73670,1027@compuserve.com ellis@nbstech.com or Bill Bradley Bull HN Info. Sys. 508/294-5812 b.bradley@ma30.bull.com |
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