Product category:
RFID hardware and software
News Release from: Innovision Research and Technology
Edited by the Manufacturingtalk Editorial
Team on 20 March 2006
Jewel introduced to South American
market
Innovision Research and Technology has signed a deal with contactless cards company, Novacard, to license its award winning Jewel chip.
RFID and NFC (Near Field Communications) solutions provider, Innovision Research and Technology, has signed a deal with contactless cards company, Novacard, to license its award winning Jewel chip The partnership is a significant move forward in Innovision RandT'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 Manufacturingtalk on 21 Sep 2005 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 RandT 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 per cent 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 RandT 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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