NEW APPLICATION FOR DREXLER TECHNOLOGY'S LASERCARD -- HIGHLY SECURE IMPORT DUTY COLLECTION/IMPORT LICENSES FOR A FOREIGN COUNTRY.Drexler Technology Corporation (Nasdaq:DRXR) has received a $100,000 order for 10,000 LaserCard optical memory cards plus read/write devices and fingerprint fingerprint, an impression of the underside of the end of a finger or thumb, used for identification because the arrangement of ridges in any fingerprint is thought to be unique and permanent with each person (no two persons having the same prints have ever been biometric sensors to be used by an eastern Mediterranean government for import duty collection and the approval, certification, and licensing of the importation of chemical products used by consumers. The LaserCard import duty collection/import license is a new application for the optical memory card. The highly secure LaserCard information technology will be used to collect import duties, monitor quality, and control the importation of consumer-use chemical products such as cosmetics, pharmaceuticals, and detergents. The LaserCard optical memory card was selected for this application because of special characteristics that make it highly counterfeit To falsify, deceive, or defraud. A copy or imitation of something that is intended to be taken as authentic and genuine in order to deceive another. A counterfeit coin is one that may pass for a genuine coin and may include a lower denomination coin altered so that it may resistant and tamper To meddle, alter, or improperly interfere with something; to make changes or corrupt, as in tampering with the evidence. resistant, its success in U.S. government programs, its data durability, and its relatively low cost. The 10,000 cards for the initial phase of this "digital governance" LaserCard program are scheduled to be produced and delivered by Drexler within the next thirty days. "Digital governance," which represents Drexler's principal LaserCard markets today, means the utilization of digital information technology to facilitate or expedite the process of governing by a nation, state, region, or municipality MUNICIPALITY. The body of officers, taken collectively, belonging to a city, who are appointed to manage its affairs and defend its interests. . Some examples of LaserCard utilization in "digital governance" programs include: Headquartered in Mountain View, Drexler Technology Corporation (www.lasercard.com) manufactures LaserCard optical memory cards used for 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. , visas, pay-per-use systems, ID/access, cargo manifests, motor vehicles, healthcare, and other digital read/write wallet-card applications. 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 systems and peripherals. |
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