Product category:
Communications ICs (Wireless)
News Release from: Innovision Research and Technology
Edited by the Electronicstalk Editorial
Team on 17 March 2006
Licence deal targets South American RFID
expansion
Innovision Research and Technology has licensed its Jewel chip to contactless card company Novacard.
Innovision Research and Technology has signed a deal with contactless card company, Novacard, to license its award winning Jewel chip The partnership is a significant move forward in Innovision R and T's bid to expand its global market presence for Limited Use contactless tickets using its Jewel technology - widely regarded as the smallest and lowest cost contactless ticketing chip in the world
This article was originally published on Electronicstalk on 6 Feb 2004 at 8.00am (UK)
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The deal has special significance, as Novacard do Brasil, Novacard's South American subsidiary, is one of the top two suppliers of contactless tickets and cards to the Brazilian transport sector.
This means that Innovision R and T will be well positioned to respond to the very latest tenders in Brazil - for example in the capital Brasilia - and the rest of the South American market, and to grow its presence in countries where there is growing demand for large-scale contactless ticketing applications.
"Combining Innovision's superior chip technology with Novacard's expertise in developing and personalising contactless cards - as well as the company's presence in the South American market - will have a profound effect on our ability to market ourselves and respond to tenders in these important markets", explained Trevor Crotch-Harvey, Sales Director for Innovision Research and Technology.
Currently, Novacard - part of the German holding company CardFactory - is the leading supplier of contactless cards with a market share of around 20% in Europe.
The company's CEO Jorg Zilligen, added: "This is an exciting partnering between Novacard and Innovision".
"Licensing the Jewel technology will have a significant impact for our card and ticketing applications and help us to grow our market share".
"At the same time, Innovision will be able to expand its own presence into new markets like Brazil where we already have a good profile among transport operators".
"We're looking forward to bidding for and winning tenders".
Contactless smart card systems based on RFID technology will enable transport operators to cut costs, automate processes and increase passenger throughput.
These latest developments from Innovision R and T and Novacard will accelerate the adoption of cost effective smart ticketing and promote interoperability between different transport operators in different markets.
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