SMRT.L Regulatory News (SMRT)

8 May 2006 07:00

Advanced Smartcard Technologies plc08 May 2006 ADVANCED SMARTCARD TECHNOLOGIES PLC ANNOUNCES £700,000 NEW CONTRACT SUCCESSES Advanced Smartcard Technologies (RIC: SMRT/L), ("AST") the Scottish basedsoftware group specialising in smartcard technology, through its wholly ownedsubsidiary Ecebs Limited, is delighted to announce that the Company has beenawarded new contracts worth in excess of £700,000 over the next 12 months. The new contracts include further business with subsidiaries of The Royal Bank of Scotland Group PLC and also with ITI Techmedia, a company set up with thesupport of the Scottish Executive to drive Scotland's ambitious plans toidentify and commercialise valuable technology-based intellectual assets. The contracts will develop further AST's business in the areas of securesmartcard transport ticketing and anti-counterfeiting activity. David Braddock, Managing Director of AST commented, " We are delighted to win these new contracts and extremely pleased that oursuccessful technology development in the highly specialised sectors of transportticketing and anti-counterfeiting continues to be adopted by such high calibrecompanies. This is a further vindication of the strength of our developingsmartcard technology and processes. " Since listing in December 2005 we have made significant progress in developingour technology. It is excellent news that our development capability has beenrecognised by high profile clients in Scotland including Royal Bank of Scotland." -ends- Date: 8 May 2006For further information contact: Advanced Smartcard Technologies plc 01355-268521David Braddock, Managing DirectorStephen Naylor, Finance Director SVS Securities plc 020 7638 5600Ian CallawayPeter ManfieldARM Corporate Finance Limited 020 7512 0191Nick Harriss cityPROFILE 020 7448 3244Simon CourtenayAndrew Harris NOTES TO EDITORS About Advanced Smartcard Technologies plc Advanced Smartcard Technologies plc, through its wholly owned subsidiary EcebsLimited, is a profit making, software company operating in the dynamic andexpanding smartcard arena. SMRT listed on AIM in December 2005. The Companyprovides smartcard technology to a wide range of user markets including transport, ID, healthcare, finance and local and national government departmentsand blue-chip companies. This information is provided by RNS The company news service from the London Stock Exchange