News and insight into biometric identification and authentication

Ideco scores multiple biometric contracts

Thursday, December 1, 2011

South African-based biometric firm Ideco revealed in its year-end results that it scored three contracts to provide biometric solutions, reports Business Day.

Ideco is working on Namibia’s driver’s license project and supplying Gautrain smart cards to the Bombela Operating Company. Two of its new contracts involve biometric solutions for medical applications. The third will supply biometric readers to a financial institution for the purpose of client identification.

These contracts may help make up for Ideco’s lost revenue from the sale of Ideco Biometric Security Solutions, which contributed greatly to its biometric readers and solutions division. Year-end revenue from this division declined to R39.2 million from R52.2 million last year. [end] 

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