Sinhan Card Company in the smart cashless system
CNCN
CinTel Agrees to Supply Load Balancers to Korean Army Smart System
Monday May 1, 9:35 am ET
Subject 56133
LOUISVILLE, Ky.--(BUSINESS WIRE)--May 1, 2006--CinTel Corp. (OTCBB: CNCN - News), a leader in Internet traffic management, announced today it has signed an agreement to supply load balancers for the first smart card system to be adopted by the Korean Army. The smart cards will serve as identification cards for all army soldiers and enable them to receive their salary and to use the smart card for purchase of all goods on all army bases. By using this system, the Korean Army will be able to realize substantial cost savings in payroll management, expense accounting and identification.
The smart card system will be designed by the Korean Military Mutual Aid Association, (http://www.mmaa.or.kr) and Shinhan Card (http://www.shinhancard.com), and CinTel will supply $100,000 worth of web content switching equipment. Depending on the success of the smart card in the Korean Army, the Navy, Air Force, Police Force, and Firefighters are expected to adopt the same system, and CinTel is expected to provide additional equipment to the expanded programs
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