Matica Fintec, a worldwide leading vendor of financial and secure ID card solutions, won two public tenders to deliver retransfer card printers and card production lines. The contracts include the delivery of the hardware as well the consumables used in the production process.
The first contract was signed with MorphoTrust USA, a subsidiary of French Safran Group. It includes the delivery of about 500 retransfer card printers including consumables for the production of the driver’s license of the US federal state of Pennsylvania. In the first run the contract has a maturity of five years with an option of renewal for further five years. The expected production volume comprises an output of around 20 million cards during the contract period of five years.
‘With MorphoTrust the biggest producer of driver’s licenses in the USA , with a market share of more than 90 percent, has decided for a collaboration with Matica’, Sandro Camillieri, President of Matica Fintec, comments on the deal. ‘In the course of the tender process we primarily scored with the reliability of our hardware and our comprehensive service solutions.’
Furthermore Matica won the tender by the National Bank Of Ethiopia for supplying the national payment system EthSwith with its card issuance technology. The contract comprises the delivery of modular production units type S7000, one of the technologically most advanced card issuance systems in the market, as well as the consumables used in the production process. The expected production volume amounts to well above one million cards until 2020.
The expected revenues deriving from these contracts shall amount to about USD 10 million until 2020.
‘Our clients appreciate the wide range of our product portfolio, which we continuously enhanced by proprietary developments. This successfully positioned us in the market as one stop shop for card issuance solutions’, Camilleri explains.
Since 2011 the company has increasingly invested into Research & Development. Until 2020 further investments of around EUR 10 million are planned.