ID Data Plc
AIM : IDD

ID Data Plc

October 19, 2005 02:02 ET

ID Data plc: Polish Manufacturing Facility-Update

LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 19, 2005) - ID Data plc ('ID Data' or the 'Company')(AIM:IDD), the provider of secure, card-based transaction systems and services to the international banking, retail, government and secure access sectors, is pleased to give the following update on its new manufacturing facility in Poland.

The Company is pleased to report that the Polish card manufacturing plant has been opened, one month ahead of schedule, and is now fully operational.

The new manufacturing facility is based in Bydgoszcz, Poland and is a joint venture with Ortis, a leading Polish print group, and Argo, a Polish card services company. Initially, the plant has the capacity to produce 150 million cards per year with this figure rising to 250 million cards over the next 15 months.

With the increased capacity now available through this new manufacturing plant, ID Data intends, through a newly created trade division, to supply cards to customers based throughout Europe, the Middle East and Africa. Sales will be targeted at clients operating in the retail and financial markets. ID Data believes that, due to Poland's position within Europe and Euro-based pricing, the Company will be able to capture additional market share in Eastern Europe.

ID Data's personalisation capacities have also been increased in the UK to include the latest technology for the high speed personalisation of magnetic gift and pre paid debit cards. This new capacity will be used to forge a strong position in the rapidly expanding retail payment card markets in Europe.

Commenting on the opening of the Polish facility, Peter Cox, CEO of ID Data, said: "The move to Poland, and associated cost reductions, will be an important factor contributing to ID Data's move towards profitability. Poland's lower cost base gives ID Data a competitive advantage that puts us ahead of our European competitors.

"The creation of the Polish joint venture offers current and potential clients competitive pricing, and ID Data enhanced capacity, on top of the existing production facility in Petersfield which has a capacity of 80 million cards per annum.

"We are now in a solid position to expand our global coverage and reinforce our ambitions to become a profitable market leader in our industry."

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