SMRT.L Regulatory News (SMRT)

8 Feb 2006 10:14

Advanced Smartcard Technologies plc08 February 2006 Advanced Smartcard Technologies plc Advanced Smartcard Technologies Record First Quarter Advanced Smartcard Technologies plc, ("SMRT") the Scottish based software groupspecialising in smartcard technology, is pleased to announce that trading in thefirst quarter of their financial year has been encouraging. The group achieved arecord first quarter operating profit as a result of profitable trading in itswholly owned subsidiary, Ecebs Limited. David Braddock, Managing Director of SMRT, commented, " We are extremely pleased to have delivered such positive results and remainfocused on the implementation and delivery of smartcard applications to ourclients and partners. Our smartcard technology has been adopted with greatenthusiasm, and we are committed to expanding this in all our chosen marketsectors. The company is continuing to drive sales forward and maintains a strongpipeline of future orders." - ends - Date: February 8, 2006 For further information contact: Advanced Smartcard Technologies plc 01355-268521David Braddock, Managing DirectorStephen Naylor, Finance Director SVS Securities 020 7638 5600Ian CallawayPeter Manfield cityPROFILE 020 7448 3244Simon CourtenayLynn Mah About Advanced Smartcard Technologies plc ("SMRT", "The Company") 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 includingtransport, ID, healthcare, finance and local and national government departmentsand blue-chip companies. The Company's key differential is its core intellectual property, a softwareproduct branded 'MultefileTM'. This is a patented, groundbreaking technology,which is set to radically improve the way smartcards are deployed and developedwithin the industry, significantly reducing development costs and increasing theflexibility of smartcard solutions. MultefileTM enables smartcard issuers todirectly manage their smartcards after issue - bringing significant benefit toboth issuers and users. This information is provided by RNS The company news service from the London Stock Exchange