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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject2/27/2002 4:26:15 AM
From: ms.smartest.person   of 2248
 
PCCW Consortium Wins HK$162.7 Million Hong Kong Smart ID Card Contract

DOW JONES NEWSWIRES

HONG KONG -- An international consortium led by a unit of Pacific Century CyberWorks Ltd. (PCW) has won a contract worth HK$162.7 million from the Hong Kong government to implement a "smart" identity card system, PCCW said in a release Tuesday.

Under the contract, the consortium, led by PCCW's Business e-Solutions Ltd., will provide hardware, software and related services for a future identity card system called Smartics. It will supply the immigration department with 1.2 million computer-encrypted smart cards, on which various information about the cardholders may be stored.

In a separate release the government said the immigration department plans to roll out the new ID card system in the Registration of Persons Offices in mid-2003 and will start replacing existing Hong Kong ID cards a few months later.

Besides PCCW, the consortium includes ACI Worldwide and Cogent Systems from the U.S., Australia's Keycorp Ltd. (KEY), H.K.'s SecureNet Asia, Mondex International of the U.K. and Trueb AG from Switzerland. Together, these companies provide security and related technology systems for millions of security and credit cards, as well as services to governments and large corporations, PCCW said in the release.

Deputy Director of Immigration T.P. Wong said the government received 11 tenders for the smart card project, and noted that in rewarding the contract the government put extra weight on quality versus price, compared with normal tenders.

Business e-Solutions provides a variety of system integration services and has experience from Hong Kong government projects.

-By Anette Jonsson, Dow Jones Newswires; 852-2802-7002; anette.jonsson@dowjones.com

(This story was originally published by Dow Jones Newswires)

Copyright (c) 2002 Dow Jones & Company, Inc.

All Rights Reserved

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Updated February 26, 2002 6:35 a.m. EST

Copyright 2002 Dow Jones & Company, Inc. All Rights Reserved

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