Drexler Technology gets $7.4 million order for multi-biometric ID cards.Drexler Technology Corporation (Nasdaq:DRXR) recently received a $7.4 million U.S. government order for its LaserCard multi-biometric ID cards, through Information Spectrum, Inc., a government prime contractor headquartered in Annandale, Virginia Annandale is an unincorporated place in Fairfax County, Virginia, United States. Recognized by the U.S. Census Bureau as a census-designated place (CDP), the community had a total population of 54,994 as of the 2000 census. . The new $7.4 million order is part of a five-year, U.S. government procurement Government procurement, also called public tendering, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts subcontract authorizing up to $81 million for optical memory cards used for U.S. Immigration and Naturalization Service Noun 1. Immigration and Naturalization Service - an agency in the Department of Justice that enforces laws and regulations for the admission of foreign-born persons to the United States INS (INS INS abbr. 1. Immigration and Naturalization Service 2. International News Service Noun 1. INS ) "Green Card" Permanent Resident Cards and U.S. Department of State (DOS) "Laser Visa" Border Crossing Cards (BCCs). Under the U.S. government subcontract, awarded to the Company in June 2000 for up to 24 million LaserCard optical memory cards, approximately 11,320,000 cards have been ordered thus far under seven purchase orders, including the latest order. The $7.4 million LaserCard order calls for deliveries beginning next month at a rate slightly above $1 million per month for seven months. U.S. Department of State Laser Visa cards are used by more than five million frequent visitors from Mexico for crossing the border, allowing travel up to 25 miles into the states of Arizona, California, New Mexico, and Texas for 72-hour visits for shopping and other consumer activities. According to a May 17, 2002 news release by the INS, with the enactment of the Enhanced Border Security and Visa Entry Reform Act, the Laser Visa Border Crossing Cards are also referred to as the "new biometric BCC (Blind Carbon Copy) The field in an e-mail header that names additional recipients for the message. It is similar to carbon copy (cc), but the names do not appear in the recipient's message. Not all e-mail systems support the bcc feature. See fcc. , Form DST-150" and as the "new biometric, machine-readable cards." The INS news release is headlined, "More Than Five Million New Biometric BCCs Have Been Issued." Headquartered in Mountain View, Drexler Technology Corporation (www.lasercard.com) develops and manufactures optical data storage products and systems, including LaserCard optical memory cards and chip-ready Smart/Optical cards (a combination of optical memory card and smart card). Drexler's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , LaserCard Systems Corporation, makes optical card read/write drives, develops optical card system software, and markets card-related data systems and peripherals. The Company is a supplier of optical memory cards for the U.S. Immigration and Naturalization Service, U.S. Department of State, U.S. Department of Defense, Government of Canada The Government of Canada is the federal government of Canada. The powers and structure of the federal government are set out in the Constitution of Canada. In modern Canadian use, the term "government" (or "federal government") refers broadly to the cabinet of the day and , Government of Italy, and a state government of India The Government of India (Hindi: भारत सरकार [3]Bhārat Sarkār), officially referred to as the Union Government, and commonly as Central Government . The LaserCard optical memory card is capable of recording and storing up to 2,800 kilobytes (2.8 megabytes) of digital data. |
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