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Technology Stocks : Racom Systems (RCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Gutterball who wrote (164)	7/25/1998 12:40:00 AM
From: Gutterball	Read Replies (2) \| Respond to of 468

DENVER--(BUSINESS WIRE)--Sept. 22, 1997--Racom Systems, Inc., a pioneer in the development of contactless smart card technology announced today the availability of the first of a new generation of affordable smart card systems that offer secure transactions in both contact and contactless operation. The RX-1500 series of cards and controllers is the first smart card system that offers a level of security and flexibility in contactless operation that previously could only be achieved in contact operation. The RX-1500 series is the first of a new family of smart cards to be offered by Racom which were specifically developed to meet the needs of multi-application environments that require contact and contactless operation such as transit, parking, loyalty, access control, and electronic purse. Other members of the RX family will include disposable cards as well as cards and systems that support down-loadable applets with more powerful processors and larger amounts of memory for banking, biometrics and other complex applications. The RX-1500 series of smart card systems include the RXC-1500 smart card, the RXR-1500 contactless reader and support and development tools to aid in developing contact and contactless applications. Unlike conventional contact or contactless only smart cards, the RXC-1500 smart card offers, at an affordable price, the same high level of security and file access in both contactless operation and when used with an ISO-7816 standard contact reader. Racom's RXR-1500 contactless reader is available in a number of configurations to support a variety of installation options. The RXC-1500 smart card includes an 8-bit microcontroller, 2K bytes of FRAM non-volatile memory, 8k bytes of ROM, and a Racom developed Operating System. Tools include a formatter for use by the card issuer that provides for custom formatting of the card. The card issuer can create up to 16 password-protected purses or data files of any length. Four pass cryptographic mutual authentication and encryption of communication between the card and controller provide security against a variety of attacks. For a contactless transaction, the card is powered remotely and communicates via a radio signal from the RXR-1500 contactless controller. The entire transaction including mutual authentication, encryption/ decryption of transmitted messages and purse or file update is accomplished in less than 100 milliseconds (1/10 of a second) resulting in true "walk and wave" operation. "We are very excited about the prospects for these products since, in the transit area alone, there are literally thousands of properties that can take advantage of a multi-application solution. By easing the overall system integration problem and offering superior security, performance, and value, we believe the RX-1500 series will become the next industry standard in smart cards," said Richard Horton, Racom President and CEO. No assurance can be given that the future results covered by the forward-looking statements will be achieved.