News#15/11/2001 Acq/licence Mot Venus plat smrt crd tech/ mach & equip need/man/of Ven Smart. -- ERG

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Subject: News#15/11/2001 Acq/licence Mot Venus plat smrt crd tech/ mach & equip need/man/of Ven Smart.

Author:
Steve Eight

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Date Posted: 22:59:43 11/16/01 Fri

ERG ERG Ltd (01/11/00)

ERG LIMITED 2001-11-15 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
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 smart
cards. 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.

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