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Politics : RAMTRONIAN's Cache Inn -- Ignore unavailable to you. Want to Upgrade?

To: Mark Willis who wrote (5070)	4/1/1998 5:27:00 PM
From: Richard Wright	Respond to of 14464

Mark: Good one. I find my access to the Sydney Morning Herald's Trading Room also gives me access to the Melbourne Age. Here it is: Shanghai rail card deal set at $29m JILL FERGUSON Page 3( 241 words ) Friday, 06 Mar 1998 From section: BUSINESS TECHNOLOGY Publication: The Age The electronics technology firm Omnitech Holdings yesterday showed that Australian companies could succeed in China when it unveiled a four-year multi-million-dollar contract with Shanghai Transit. Omnitech, which has supplied 200,000 contactless smart cards to the Shanghai rail system in conjunction with the US-based Cubic Corporation, has been asked to provide 300,000 more. Omnitech's managing director, Mr Peter Au, said the deal was worth $US20 million ($A29.6 million). "This is a significant order on a global scale, and follows Omnitech's original contract, which included the installation of 700 smart-card reader machines at 20 railway stations," Mr Au said. Omnitech is negotiating with Shanghai authorities to increase its penetration into the city's transport system, which incorporates rail, bus and ferry. "We're not going to put a figure on it, but you can see that it's going to grow exponentially," said Omnitech's chairman, Mr Arthur Sturgess. The company is building on the successes in China of its subsidiary VFJ Electronics, which provided readers for the first stage of the Guangxi Tollway and won the contract to supply the smart-card requirements of Hong Kong Air Terminal at the new Chek Lap Kok airport. "According to industry sources, Omnitech has become one of the largest suppliers of contactless smart-card technology to China," Mr Au said. He said the company was on the verge of breaking into Taiwan, with negotiations under way to supply terminals for the Taiwan tollway systems and VisaCash readers to banks.