Canadian Bank Note Company Limited: Canada's International Identification Systems Supplier Provides Government of Canada With Secure Permanent Resident Cards and System.Business Editors & High-Tech Writers OTTAWA--(BUSINESS WIRE)--Aug. 22, 2002 Canadian Bank Note Company The Canadian Bank Note Company is responsible for printing the paper currency of Canada. It also prints and provides document reading systems for identification cards, lottery tickets, stamps and notes for other countries, and many other security-conscious printing-related services. , Limited (CBN CBN - call-by-name )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CBK), President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Ron Arends, announced today that Citizenship and Immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. Canada's new high-security proof of status cards for permanent residents are now being issued from CBN's secure central service bureau in Ottawa. Citizenship and Immigration Canada The Department of Citizenship and Immigration Canada is the department of the government of Canada with responsibility for issues dealing with immigration and citizenship. The department was established in 1994 following a reorganization within the federal government. and Canadian Bank Note Company, Limited together designed the new Permanent Resident Card Permanent Resident Card may refer to:
"The production of the Permanent Resident Card by Canadian Bank Note Company and its sub-contractors supports the government of Canada's commitment to ensure our immigration documents and borders are more secure," stated Citizenship and Immigration Minister, Denis Coderre. Upon its recent introduction, the new cards not only became the most secure of its type in Canada, but also amongst the most secure in the world. In addition to a full array of security features and a durable polycarbonate-based construction, the cards are personalised with a laser-engraved photo and biographical data. The cards also contain an optical memory stripe on which is stored data relevant to the holder's arrival in Canada. Subcontracted to CBN for this program are Information Spectrum Inc. (ISI ISI International Sensitivity Index, see there ), the premiere integrator of optical memory card personalisation/encoding systems and ISI's card and OMC reader/writer supplier, LaserCard Systems Corporation (LSC), a subsidiary of Drexler Technology Corporation (Nasdaq NM:DXR), the world's leading supplier of optical memory card technology. The Identification Systems Division of Canadian Bank Note Company, Limited is acknowledged as a market leader in the supply of sophisticated passport issuing systems, passports, travel document readers and border control solutions. With the above installation, the fifth such identification card system for CBN, the Company is rapidly becoming a leading supplier of secure identification card solutions, both domestically and abroad. Providing traditional cards and smart cards with 2D barcodes, radio frequency (RF) chips, contact integrated/circuit (I/C) chips and optical memory technologies, CBN is able to engineer solutions that address customer needs and the threats to which their institutions are exposed. Canadian Bank Note Company, Limited supplies printed products and related issuing and control systems in four business areas; Lottery, Identification, Payment and Shareholder Services. In addition to the Identification Systems products and systems, the Company has extensive manufacturing operations for printing currency, visas, lottery tickets, postage and other related products as well as for producing hardware devices such as lottery terminals. The Company has a large complement of software engineers for designing, issuing and control systems. Products, services and systems are now marketed in more than 40 countries. Canadian Bank Note Company, Limited is listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CBK. |
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