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ACQUIRED COMPANY
 
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LaserCard  (Stock symbol: LCRD ) Acquired by ASSA ABLOY (2010 $ 80,000,000 )

1875 N. Shoreline Blvd.
Mountain View, CA 94043
USA
(650)-969-4428
Website Company Summary Management Team
Management

CEO: Robert T. DeVincenzi (06/02/2008)
President/COO/Operations: Seok J. Ng (2/28/2001) ; Christopher Dyball
Finance: Steven G. Larson
Board

Outside board: (May no longer be on the board) A. J. Moyer (Qad Former Finance);  Les Denard (Network General Former CEO);  Bernard Bailey (LaserCard Chairman);  Donald Mattson (InVision Technologies COO);  Arthur Hausman (LaserCard Director);  Jerome Drexler (LaserCard CHM Emeritus);  Dan Maydan (Applied Materials) Wally Walker
Company

Business description: Lasercard develops and manufactures LaserCard® optical memory cards and chip-ready Smart/Optical(TM) cards (a combination of optical memory card and smart card). LaserCard® optical memory cards are used as Laser Visa border crossing ID cards, resident immigrant ID cards, and for other digital governance or homeland security applications. Drexler's wholly owned subsidiary, LaserCard Systems Corporation, makes optical card read/write drives, and develops biometric card verification systems and optical card system software. The credit-card size LaserCard® optical memory card is the most advanced card technology on the market and brings 2.86MB of non-erasable digital data storage to the consumer's wallet. The LaserCard has significant capacity, security, versatility and durability advantages over all other card storage technologies. Our worldwide network of value-added resellers creates practical applications that integrate the LaserCard into everyday medical, government and business environments.
Customers include: CanonHoneywellNCR;  Angola National ID Card Program ;  Blue Cross;  Canadian Government;  Citizens of Mexico on U.S. Visits;  India;  Indian State of Kerala;  Italian Government ;  Kingdom of Saudi Arabia National ID Card Program ;  MCB ;  North American Optical Memory Card Government ID Programs ;  Saudi Arabia National ID Card Program ;  State of Maharastra;  U.S. Border ID Cards;  U.S. Department of Homeland Security ;  U.S. government;  U.S. Permanent Resident Cards ;  WANG
Partners include: IBM
Capital

Ownership: Acquired by ASSA ABLOY (2010 $ 80,000,000 )
Stock Symbol: LCRD

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Overview
Record updated: Dec 2010
Sector: Storage
Year Founded: 1968
Headcount: 101-150 as of Mar 2002
Ownership: Acquired by ASSA ABLOY (2010 $ 80,000,000 )
Stock Symbol: LCRD