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Article: Canadian Government is the End-user Customer for 750,000 of Drexler Technology's LaserCard Optical Memory Cards, Slated to be Canada's New Permanent Resident Cards.
- Article from:
- Business Wire
- Article date:
- August 26, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business/Technology Editors
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 26, 2002
Drexler Technology Corporation (Nasdaq:DRXR), has received Canadian government approval to announce that the 400,000 LaserCard order announced by Drexler on August 14, 2002 and the 350,000 LaserCard order announced February 7, 2002 are slated for use as Canada's new Permanent Resident Cards for non-citizens.
The 750,000 optical memory cards priced at $3.4 million were ordered under a subcontract which provides for a minimum purchase of 2.3 million cards over the five-year term of the subcontract. The LaserCard orders were placed through Information Spectrum, Inc. ...