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News

Multi-function card partnership for Chinese Market

LEGIC Identisystems Ltd : 09 August, 2007  (Company News)
License agreement with Chinese firm opens new markets for multi purpose contactless smart cards.
LEGIC Identsystems and Dalian Modern Hi-Tech Development have agreed on a license partnership. This agreement strengthens Modern's position in the fast growing market for all-in-one cards in China and provides LEGIC with a renowned partner in the area.

Modern Hi-Tech Development was established in Dalian, Northern China, in 1992. Since then, the company has grown its assets to twenty times its founding capital and currently employs over 200 people. Their highly qualified staff guarantees sound technical know-how and outstanding experience. The company has gained a reputation for a broad scope of projects in the areas of electronic payment systems for public transportation, software and hardware research and development, digital radiotherapy, broadband networks, E-commerce platforms and education & training services. Working with their subsidiaries in China, Hong Kong and Japan, as well as Germany, Dalian Modern has a reliable network of resources to serve clients in Asia, the US and Europe. The company is committed to and certified in top-quality standards and process management.

Since 1999, when Dalian Modern first introduced their contactless card application, the company has completed a series of smart card projects, mainly in the public transport sector. Increasing security, reliability and multi-functionality requirements in the densely populated cities in China have lead to fast growing demands for smart cards and personalised identification systems in transportation and e-payment. Contactless identification technology is an inevitable trend and LEGIC's renowned all-in-one multi-functional smart cards bear nearly unlimited opportunities for Modern to exploit this market.

Hang Xu at Dalian Modern Hi-Tech Development comments on the new partnership: "Through our successful local and international projects and contacts, as well as our continuous growth in the past, we have become one of the leading providers of smart card applications in the area. We foresee a continuously growing demand and are keen on providing state-of-the-art technology. Our license partnership with LEGIC guarantees such cutting-edge technology and makes sure, we are in a position to meet today's and future customers' needs."

"We are happy to gain such a reputed and well experienced partner who has proven its potential for growth and innovation in a fast developing market. LEGIC's contactless all-in-one card technology meets the changing demands for personal identification in China's transportation sector. We are convinced that this new license agreement will translate into great and successful projects," welcomes Klaus Klosa, Managing Director of LEGIC Identsystems, the new partner in China.

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