On Track Innovations Ltd. announced that it had signed contracts relating to a national eID program with an undisclosed country. Total consideration for the project is expected to exceed $30 million with revenue in 2010 expected to be around $20 million.
The award of the project follows a successful pilot program and provides for the supply of new biometric-based electronic ID cards, as well as the equipment required for the setup of the document issuing stations country-wide.
The contracts provide for the supply of OTI’s solution, based on its proprietary eID Magna platform. The solution includes supply of both stationary and mobile stations for data enrollment and issuing stations, and the creation of a central national registry database, as well as the provision of contactless, highly-secured smart ID cards and a Biometric Automatic Fingerprint Identification System, to detect and prevent double registration attempts by the same ID applicant.
OTI’s secured ID solution supports both online and offline communication, thereby enabling citizens, living in cities and rural areas, to apply for an ID card regardless of the area’s communication infrastructure. ![[end]](/resources/bullet/thirdfactor-4.gif)
