Press release from: 21 February 2012
SMARTRAC Joins the OSPT Alliance as Full Member
- RFID Technology Leader Will Work to Advance Open, Vendor-Neutral Fare Collection Systems
The Open Standard for Public Transport (OSPT™) Alliance today announced that SMARTRAC, a leading developer, manufacturer, and supplier of RFID transponders, has joined the OSPT Alliance. As a full member of the Alliance, SMARTRAC will participate in the Alliance’s activities around the development of next-generation transit fare collection systems based on the CIPURSE™ open security standard.
“We recognize the OSPT’s mission and the work of its members to establish CIPURSE as the first, open global standard for next-generation transit fare collection,” said Wolfgang Schneider, Member of the Management Board at SMARTRAC. “CIPURSE represents a critical opportunity for the transport ecosystem to move to next-generation fare collection systems, and we look forward to working with industry partners in OSPT to achieve these goals.”
The CIPURSE open security standard addresses the need by transit authorities for future-proof fare collection systems with more advanced security than currently in use. Because it is an open standard, CIPURSE promotes vendor neutrality, cross-vendor system interoperability, lower technology adoption risks, higher quality and improved market responsiveness, all of which result in lower operating costs and greater flexibility for transport system operators. CIPURSE also offers a global basis for a faster transition of transit fare systems to the use of emerging NFC mobile phones and other devices, and support for the adoption of NFC transit applications for a truly future-proof solution.
“We are pleased to welcome SMARTRAC as the newest member of the OSPT Alliance,” said Laurent Cremer, executive director. “SMARTRAC is a key supplier in the value chain in the transport industry and will be an invaluable resource to our members as we work to establish the benefits of an open approach in public transport systems throughout the world.”
SMARTRAC is a leading developer, manufacturer, and supplier of RFID components for a broad range of applications in all current frequency standards. The company produces both ready-made and customized transponders for public transport, access control, RFID-based car immobilizers, animal identification, libraries, industry, and logistics.
SMARTRAC is one of the global market leaders in high-quality RFID inlays for electronic passports (e-passports) and contactless credit cards (e-payment) as well as for RFID transponders for public transportation applications. SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs approximately 3,300 employees and maintains a global research and development, production, and sales network.
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About the OSPT Alliance:
The OSPT Alliance is an international association chartered to define a new open standard for secure transit fare collection solutions. It provides industry education, creates workgroup opportunities and catalyzes the development and adoption of innovative fare collection technologies, applications and services. The OSPT Alliance was founded by leading technology companies and membership is open to technology providers, transit operators, consultants, solution vendors, government agencies and other stakeholders in the transit ecosystem. For additional information, please visit www.osptalliance.org.
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To the extent that this press release contains forward-looking statements, such statements are based on assumptions, planning, and forecasts at the time of publication of this press release. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions, and other factors may cause the actual results to be materially different from the assumptions, planning, and forecasts at the time of publication of this press release. Therefore, SMARTRAC N.V. does not assume any responsibility relating to forward-looking statements contained in this press release. Furthermore, SMARTRAC N.V. does not assume any obligation to update the forward-looking statements contained in this press release.