Giesecke & Devrient Strengthens Its Position in Russian Smart Card Market.RESTON, Va.--(BUSINESS WIRE)--Nov. 5, 1997-- New chip card production facility targets rapidly growing Russian telecommunications market Giesecke & Devrient America Inc. (G&D America) announced Wednesday its parent company, Munich-based Giesecke & Devrient GmbH, has supplied equipment and project management for the production of high-grade memory chip cards to its long-term strategic partner Goznak PPFG of Perm, Russia. Goznak PPFG, a state-owned banknote printing works, is the sole producer of banknote and security paper and identification systems in Russia. The new chip card production capability will broaden Goznak's product spectrum allowing the company to initially manufacture eight million prepaid telephone cards for the rapidly expanding Russian telecommunications market. The company also has plans to produce 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. for GSM mobile phone applications and for electronic payment systems with an annual production capacity for all chip cards anticipated to reach 10 million cards. A joint venture formed by Giesecke & Devrient, Znak Moscow, and Goznak's wholly-owned subsidiary, Znak/Perm, was established earlier this year to develop the production facility. Based in Perm and Moscow, the joint venture, known as G&D-ZnakCard Z.A.O., markets Giesecke & Devrient's wide range of card and card payment system products in Russia. Goznak partnered with Giesecke & Devrient because of its long-term experience in designing and supplying secure technology for cash-based and cashless payment systems. The new facility puts Goznak in an excellent position to serve the growing market for smart cards in Russia. The joint venture also benefits from Znak/Perm's broad infrastructure base with over 80 branches and offices throughout Russia. Znak distributes security products such as driving licenses, identification documents, and insurance policies. "The opportunity to use our partner Goznak's production potential in Perm lets us combine low-cost, local production with our expertise in high-tech smart card applications. In this way we can offer our Russian customers a comprehensive product spectrum of international standard. "Local production lets us speed delivery, putting us in the best possible position to meet the growing demand for smart cards in Russia and eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. ," commented Jurgen Nehls, member of Giesecke & Devrient's board of directors and head of its Cards and Card Systems Division. About Giesecke & Devrient An international leader in banknote and security printing and banknote processing equipment, Giesecke & Devrient GmbH is also a global technology leader in the development and production of cards and card systems, including microprocessor, memory, and magnetic stripe cards. A privately-held Munich-based corporation, Giesecke & Devrient employs 4,300 people worldwide in Germany, Belgium, Spain, Canada, Mexico, China, Russia, Singapore, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The rapidly expanding G&D America has 950 employees and is a wholly-owned subsidiary of Giesecke & Devrient. The Virginia-based company focuses its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales and development efforts on products for G&D's Card and Card Systems Division and its pioneering currency processing systems which are used by leading central banks This is a list of central banks. Contents A B C D E F G H I J K L M N O P Q R S T U V W Y Z and major commercial banks throughout the world. As one of the largest manufacturers of secure magnetic stripe A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. and chip cards 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. , G&D operates production and research facilities in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. ; Bedford, Mass.; and Philadelphia; as well as in Toronto and Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi . CONTACT: Giesecke & Devrient GmbH, Munich Ulrike Gaissert, 4989/4119-1864 or Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Group Claudia Watson, 703/620-8843 Email: c_watson@ix.netcom.com or G&D America Inc. R. Kirk Brafford, 703/709-288 Email: kirk.brafford@gdai.com |
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