e-Smart and Samsung SDS Team to do Business

Tuesday 9 March 2004 13:02 CET | News

e-Smart Technologies, wholly owned subsidiary, e-Smart Korea, has entered into a Master Teaming Agreement with Samsung SDS.

Samsung SDS is the leading global IT solutions provider in Korea with an annual revenue of in excess of US $1.43 billion. e-Smart is the exclusive supplier for Asia and the USA of the Biometric Verification Security System (BVS2), featuring the Super Smartcard, believed by e-Smart to be the worlds only commercially available smartcard with a full on-card system for biometric ID verification. Pursuant to the terms of the Master Teaming Agreement, the parties have agreed to work together to identify projects, particularly Korean domestic projects (though not limited to), that capitalize on the unique biometric and other security technologies and systems developed by e-Smart and on Samsung SDSs strength as a large scale system integrator and software developer, and its history of IT success. Upon jointly agreeing to pursue a potential project, a project specific agreement will be entered into on terms to be negotiated on a case by case basis. The Master Teaming Agreement specifies three projects that the parties have already identified as being of mutual interest.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce


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