PubliCARD Secures High-Volume Production Facility for Smart Card Readers

Apr 11, 2001, 01:00 ET from PubliCARD, Inc.

    NEW YORK, April 11 /PRNewswire/ -- PubliCARD, Inc. (Nasdaq:   CARD) today
 announced that its Infineer subsidiary has transferred production of its smart
 card readers to a high-volume, state-of-the-art manufacturing facility in
 Daiya Bay, Guangdong Province, China.
     Working through Asian Identification Systems, Ltd. (AIS), Infineer's
 contract manufacturing and distribution partner in the Asia-Pacific region,
 the company has secured access to a large ISO 9002-certified production
 facility for the mold manufacturing and surface mount assembly of smart card
 readers.  In addition, privately held AIS, which serves as the exclusive
 reseller for Infineer's smart card readers in Hong Kong, has added Japan and
 China to its distribution territories for Infineer's products.
     "Shifting production to this world-class Chinese facility is an important
 milestone for our rapidly emerging smart card reader business," said Jan-Erik
 Rottinghuis, PubliCARD's President and CEO.  "The plant is capable of
 producing more than one million readers per month at a unit cost significantly
 below that of our former facility, and the shipments we have received to date
 have been of the highest quality.  With this new capacity, Infineer can
 continue offering full turnkey solutions on a customized basis, yet remain
 very competitive on price as unit volumes ramp up in the growing global market
 for smart card readers.
     Mr. Rottinghuis continued, "We are also pleased to expand AIS's
 distribution responsibilities for the Infineer product line in the
 Asia-Pacific region.  Japan and China are two of the most promising markets in
 the world for smart cards -- both are well ahead of the United States in
 adopting this technology.  We believe AIS can help us capitalize on these
 attractive markets for our smart card expertise."
     In January, PubliCARD's Infineer subsidiary was named the provider of
 smart card readers for initial installations of the U.S. Postal Service's new
 NetPost.Certified system -- the electronic equivalent of Certified Mail.  The
 company also recently received a significant order for smart card readers to
 be deployed in Virtual Private Networks developed by
 SafeNet, Inc.
 
     About PubliCARD
     Headquartered in New York City, PubliCARD, through its Infineer
 subsidiaries, is a smart card technology company providing infrastructure
 products and solutions to facilitate secure access and transactions.  The
 company's product range includes industry compliant smart card reader
 solutions and application specific integrated circuits, also known as ASICs,
 for television set-top boxes and PC keyboards for electronic commerce.  The
 company designs closed environment smart card transaction solutions, including
 small value electronic cash systems and database management solutions.
 
     Special Note Regarding Forward-Looking Statements:  Certain statements
 contained in this press release may constitute forward-looking statements
 within the meaning of the Private Securities Litigation Reform Act of 1995
 that involve risks and uncertainties that could cause actual results to differ
 materially from those expressed or implied in the applicable statements.  Such
 factors include general economic and business conditions, the ability to fund
 operations, business and product development, time to market, the loss of
 market share, ability to attract and retain employees, development of
 competitive products by others, choices of solutions made by governmental
 authorities and end-users, changes in consumer buying habits and other factors
 over which PubliCARD has no control.  For more information on the potential
 factors, which could affect financial results, refer to the Company's most
 recent SEC reports, including the Form 10-K for the year ended December 31,
 2000.
 
 

SOURCE PubliCARD, Inc.
    NEW YORK, April 11 /PRNewswire/ -- PubliCARD, Inc. (Nasdaq:   CARD) today
 announced that its Infineer subsidiary has transferred production of its smart
 card readers to a high-volume, state-of-the-art manufacturing facility in
 Daiya Bay, Guangdong Province, China.
     Working through Asian Identification Systems, Ltd. (AIS), Infineer's
 contract manufacturing and distribution partner in the Asia-Pacific region,
 the company has secured access to a large ISO 9002-certified production
 facility for the mold manufacturing and surface mount assembly of smart card
 readers.  In addition, privately held AIS, which serves as the exclusive
 reseller for Infineer's smart card readers in Hong Kong, has added Japan and
 China to its distribution territories for Infineer's products.
     "Shifting production to this world-class Chinese facility is an important
 milestone for our rapidly emerging smart card reader business," said Jan-Erik
 Rottinghuis, PubliCARD's President and CEO.  "The plant is capable of
 producing more than one million readers per month at a unit cost significantly
 below that of our former facility, and the shipments we have received to date
 have been of the highest quality.  With this new capacity, Infineer can
 continue offering full turnkey solutions on a customized basis, yet remain
 very competitive on price as unit volumes ramp up in the growing global market
 for smart card readers.
     Mr. Rottinghuis continued, "We are also pleased to expand AIS's
 distribution responsibilities for the Infineer product line in the
 Asia-Pacific region.  Japan and China are two of the most promising markets in
 the world for smart cards -- both are well ahead of the United States in
 adopting this technology.  We believe AIS can help us capitalize on these
 attractive markets for our smart card expertise."
     In January, PubliCARD's Infineer subsidiary was named the provider of
 smart card readers for initial installations of the U.S. Postal Service's new
 NetPost.Certified system -- the electronic equivalent of Certified Mail.  The
 company also recently received a significant order for smart card readers to
 be deployed in Virtual Private Networks developed by
 SafeNet, Inc.
 
     About PubliCARD
     Headquartered in New York City, PubliCARD, through its Infineer
 subsidiaries, is a smart card technology company providing infrastructure
 products and solutions to facilitate secure access and transactions.  The
 company's product range includes industry compliant smart card reader
 solutions and application specific integrated circuits, also known as ASICs,
 for television set-top boxes and PC keyboards for electronic commerce.  The
 company designs closed environment smart card transaction solutions, including
 small value electronic cash systems and database management solutions.
 
     Special Note Regarding Forward-Looking Statements:  Certain statements
 contained in this press release may constitute forward-looking statements
 within the meaning of the Private Securities Litigation Reform Act of 1995
 that involve risks and uncertainties that could cause actual results to differ
 materially from those expressed or implied in the applicable statements.  Such
 factors include general economic and business conditions, the ability to fund
 operations, business and product development, time to market, the loss of
 market share, ability to attract and retain employees, development of
 competitive products by others, choices of solutions made by governmental
 authorities and end-users, changes in consumer buying habits and other factors
 over which PubliCARD has no control.  For more information on the potential
 factors, which could affect financial results, refer to the Company's most
 recent SEC reports, including the Form 10-K for the year ended December 31,
 2000.
 
 SOURCE  PubliCARD, Inc.