MOUNTAIN VIEW, Calif., Aug. 8 /PRNewswire-FirstCall/ -- LaserCard Corporation LCRD, a leading supplier of secure ID credentials used in biometric identification, today announced receipt of a 12-month extension to a five-year subcontract from General Dynamics Information Technology (Fairfax, Va.) for the manufacture and supply of optical memory-based Permanent Resident Cards for the government of Canada. The contract extension was accompanied by a purchase order for $2 million in cards to be delivered over the next 12 months.

The Canadian Permanent Resident Card was the first optical memory card to comply with standards published by the International Civil Aviation Organization (ICAO) for travel cards and the card received industry accolades for its outstanding graphic design and unequalled security.

"We are proud to continue supporting this high profile secure ID card program," said Richard Haddock, President and CEO, of LaserCard. "We have supplied more than 30 million secure optical cards to the governments of the United States and Canada. The two countries' installed base of cards and their more than 1,100 interoperable optical memory card border inspection systems represent the largest advanced technology, secure ID card program in North America."

About LaserCard Corporation

LaserCard Corporation, a leader in secure ID solutions, manufactures and markets LaserCard(R) optical memory cards, LaserPASS(TM) Optical/RFID cards and chip-ready Optical/Smart(TM) cards, all featuring Optical IDLock(TM) technology, and other advanced-technology secure identification cards. The Company's secure ID cards are used in countries around the world, including the United States, Canada, Italy, India and the Middle East for demanding requirements such as border security, immigration and national identification. In addition, the Company provides optical card read/write drives, optical card system software, card-related ID subsystems and card issuance enabling services. The Company operates a wholly-owned German subsidiary, Challenge Card Design Plastikkarten GmbH, which manufactures specialty cards, and markets cards, system solutions, and card personalization printers under the CCD and Cards & More brands.

Forward-Looking Statements

All statements contained in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not historical facts or guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Examples of forward-looking statements in this release include the implication that the Company will be able to deliver the cards per the requested schedule. These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to whether the Canadian Permanent Resident Card orders are rescheduled or canceled in whole or in part and whether the Company encounters card production difficulties as well as the risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, future actual results could differ materially from the Company's expectations. These forward-looking statements speak only as to the date of this release, and, except as required by law, the Company undertakes no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise.

Source: LaserCard Corporation