Re: Oberthur - Infineon
Note: I am under the impression that Oberthur recently went public on the Paris, Bourse.
>> OBERTHUR CARD SYSTEMS & INFINEON TECHNOLOGIES SIGN SUPPLY CONTRACT WORTH 150 MILLION EUROS FOR CHIP DELIVERY IN 2001
Los Angeles
August 31, 2000
Press Release
smartcardcentral.com
A long-term Technological Partnership Is Agreed Between The Two Companies
Oberthur Card Systems, one of the world's leading suppliers of smart cards, Visa & MasterCard cards and a technological leader in GSM, announced today a multi-million Euro contract with Infineon Technologies, the world's first manufacturer of smart card Ics, that reinforces Oberthur's position as a leader in the global smart card marketplace.
In a major strategic move, Infineon is guaranteeing to supply Oberthur Card Systems with a minimum volume of chips in 2001 as part of a contract worth 150 million Euros.
In addition to this supply agreement, Oberthur has formed a long-term, technological alliance to work in partnership with Infineon for research, development and marketing of products and smart-card technology solutions worldwide.
Jean-Pierre Savare, founder and CEO of Oberthur Card Systems said: "As an essential component in our smart cards, we are dependent upon the delivery of chips to maintain our unrivalled reputation for quality of service. The shortage of chips is forecasted to continue well into 2001, however, this supply contract and technological partnership signed with Infineon, one of the leaders in chip manufacturing, has guaranteed that Oberthur Card Systems will continue to service its customers at the highest level of their expectations".
Ulrich Hamann, Senior Vice-President & General Manager for Infineon's Security and Chip Card ICs business group commented: "We are thrilled to be working so closely with Oberthur Card Systems. Pooling our expertise and experience in this marketplace is a very strategic decision and reflects the foresight and vision of the management within both companies. During this period of silicon drought, we are delighted to be one of the key suppliers and it is testament to our world class position that we can guarantee delivery of large volumes of the chips necessary to drive this market forward."
About Oberthur Card Systems
Oberthur Card Systems (Code SICOVAM 12413) is a global leader in the area of smart cards, specializing in the design and production of solutions based on microprocessor cards (smart cards), memory and magnetic stripe cards, as well as associated services: Personalization and Card Management. Oberthur has a large portfolio of products and offers solutions in the areas of banking, pay TV, mobile telecommunications, electronic commerce, security, health care, and transportation.
Number one supplier of VISA and MasterCard cards in the world, the Company is also world leader in the development and marketing of solutions for mobile and electronic commerce. It is also the first global supplier of cards for pay-TV. Firmly committed to open standards, Oberthur backs Java Card, Open Platform, MULTOS and Windows for Smart Cards and it is the first supplier of Java cards.
Oberthur Card Systems employs more than 3,000 people worldwide. The international reach of Oberthur is ensured through 30 sales offices and 13 manufacturing sites around the world. Website is www.oberthurusa.com <<
- Eric - |
