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| Thursday, May 23, 10:29:35am | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, 9, [10] ] |
| Subject: 3 technologies Venus (high speed contactless)15/11/2001 | |
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Author: acquisition of a licence Mot's Venus Platform smart card tech. |
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Date Posted: Friday, January 24, 02:42:41pm ERG Group today announced the acquisition of a licence to Motorola's Venus Platform smart card technology and the purchase of certain machinery and equipment needed for the manufacture of Venus smartcards. ----------------------------------------------------------- The transaction significantly strengthens the technology base of ERG. ----------------------------------------------------------- The Venus technology is the only smart card technology in the world today capable of supporting high-speed contactless smart card transactions which also has Proton World certification. The Venus technology provides an operating system embedded on the chip of a smart card. Its presence facilitates the use of applications such as those developed by Proton World. ------------------------------------------------------------ As part of this transaction, ERG has on-sold the manufacturing equipment to the French smart card manufacturing company ASK SA. ERG has also appointed ASK as its preferred supplier for the supply of smart cards to ERG for its transit projects. To enable ASK to supply ERG smart cards, ERG has granted ASK a non-exclusive sublicence to the Venus technology. ------------------------------------------------------------ The transaction follows ERG's acquisition of Proton World on 31 October 2001 and significantly enhances the business case ERG provides to its customers. The transaction should ensure ongoing lower costs of supply for smart cards supporting ERG's technology base. ------------------------------------------------------------ The agreement entitles ERG to use, develop and sell the Venus technology throughout the world without time constraints. The licence includes certain exclusive rights in Motorola's copyrighted Venus technology, software and associated source code. The technology is currently used by ERG in transit projects such as San Francisco, Rome and Manchester. ------------------------------------------------------------ The transactions with Motorola and ASK will have a positive impact on the ERG Group cash flow and operating profit in the current financial year. ------------------------------------------------------------ ERG's Chief Technology Officer, Mr Viv Miners, said the Venus technology was important to ERG's expansion beyond transit applications of smart cards. ------------------------------------------------------------ "The ERG portfolio now includes Motorola's Venus platform that ideally complements our Proton acquisition. The two transactions are significant steps in ERG's strategy to penetrate markets beyond the transit sector. ------------------------------------------------------------ "The Venus platform's compliance with international standards ensures ERG can offer smart cards for any application. ERG is a true 'one stop shop' for the multiple applications of smart cards demanded by our customers." ------------------------------------------------------------ ERG will sub-license the Venus Platform to other smart card manufacturing companies so that ERG's customers have dual source supply and competitive pricing. ------------------------------------------------------------ [ Next Thread | Previous Thread | Next Message | Previous Message ] |