Prism's Smart Communications Sim Orders Top R100-m
ORDERS FOR Prism Holdings' locally developed, high-memory capacity, secure
SIM cards have topped R100-million over the past six months.
This follows the signing of an additional order this week for Prism
aSIMetrix 64K cards by Smart Communications, the largest GSM operator in the
Philippines. The value of this deal is in excess of R60 million. These will
be delivered to Smart Communications, over the next six months.
Smart Communications has already taken delivery of well in excess of 1
million of Prism's aSIMetrix SIMs, most of which are the 64K version.
Earlier delivery of the SIMs - the small smart cards that fit inside mobile
phones connected to GSM networks - included cards with 32K memory. Most SIM
cards in use in SA today have 16K memory.
According to Steven Sidley, Prism's executive director - group marketing,
the latest order from Smart Communications is a clear indication of growing
global demand for high-end, 64K SIMs.
"A larger memory allows GSM operators to load more applications onto the
SIM, giving them an opportunity to offer their customers a greater selection
of value added services.
"Prism's aSIMetrix SIM is also the only SIM to offer a set of advanced
cryptographic
plug-ins. This ensures transaction security to the most stringent banking
standards - an issue of enormous importance to Smart Communications for its
award-winning SMART Money `electronic wallet' product.
"Smart Communications has now launched a new company, Smart Money
Incorporated to take Smart Money services - based around Prism's aSIMetrix
SIM's capabilities - to other GSM operators in Asia Pacific. This should
boost demand for Prism's aSIMetrix range further," Sidley concludes.
ends
NOTE TO EDITORS
JSE-listed Prism Holdings is a world leader in the secure electronic
transaction market. With a growing presence in Europe and South-East Asia,
Prism is one of the few companies in the world offering services solutions
and products that bridge the following core technologies:
- Security - sophisticated cryptographic security solutions, many developed
using own intellectual property resources;
- Payment solutions in the physical and virtual (Internet and wireless)
realms; and
- Smart card technologies spanning both wireless communications and
electronic payments.
issued by : Citigate Ballard King +27(0)11 804 4900
for : Prism Holdings +27(0)11 548 1000
www.prism.co.za
contact : Steven Sidley, executive director: group marketing, Prism
or Hilary King, Citigate Ballard King
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
