| Mon 20 May 2002, 0:00 | | PRISM ANNOUNCES FURTHER LICENCE WIN |
|
20 May 2002
ANOTHER INTERNATIONAL MULTI-MILLION RAND SIM DEAL FOR PRISM
SECURE ELECTRONIC payments company, Prism Holdings, has secured a second
multi-million Rand SIM order from NYSE-listed SchlumbergerSema.
This follows strong, continuing demand for the Prism SIM, aSIMetrix, in the
wake of the signing of a strategic commercial agreement between Prism and
SchlumbergerSema, the world`s leading provider of smart card-based
solutions, late last year. The agreement included the licensing by
SchlumbergerSema of various advanced m-commerce and m-payment technologies
developed by Prism.
According to Steven Sidley, Prism`s group marketing director, the initial
order resulting from the agreement translated into a gross profit to Prism
of over R40-million.
"The latest order should generate an additional R13million-plus gross profit
for Prism. More important, however, is the fact that this order underscores
the success of our technology. It also heralds a strengthening of our
relationship in the Asia Pacific (APAC) region where SchlumbergerSema is the
largest SIM based solution provider," he adds.
Wim Grobler, CEO, Prism Asia Pacific, says Prism`s ability to meet
SchlumbergerSema`s demand for high-end, secure SIMs which meet the needs of
APAC`s growing number of m-commerce and m-payment providers, was proven with
the delivery of the initial order.
"The relationship between Prism and SchlumbergerSema has now moved from the
initial exploratory order to a close working partnership," he concludes.
Notes to Editor:
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.
For more information, visit www.prism.co.za
SchlumbergerSema is a leading information technology services company
providing IT consulting, systems integration, managed services, products and
IP network security solutions serving the oil and gas, telecommunications,
utility, finance, transport and public sector markets. With more than 30
000 employees in 130 countries, SchlumbergerSema is one of two business
groups of Schlumberger Limited (NYSE:SLB), a global technology services
company. Schlumberger Limited acquired Sema plc in April 2001. In 2000,
Schlumberger revenue was $9,6-billion and Sema plc revenue was $2,4-billion.
More information is available at www.slb.com
issued by : Citigate Ballard King (011) 804 4900
for : Prism Holdings (011) 548 1000
contact : Steve Sidley 082 600 6857 or (011) 548 1000
Date: 20/05/2002 12:05:00 PM Produced by the SENS Department
