Oberthur Technologies' State-of-the-Art Brazilian Plant Grand Opening

Expansion of Operations in Brazil to Meet Growing Demands for Delivery to Latin America

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Feb 08, 2011, 06:51 ET

NANTERRE, France, February 8, 2011 /PRNewswire-FirstCall/ -- Oberthur Technologies, the world's second largest provider of security and identification solutions and services based on smart card technologies, announced the Grand Opening of its brand new 75,000 square foot manufacturing facility and service center in Cotia, Brazil. The new facility, already fully operational, provides a single source vendor solution for design, manufacturing, personalization and fulfillment of mobile SIM cards, payment cards (including EMV) and identification credentials to customers in Brazil and throughout Latin America. Existing manufacturing and personalization activities already based in Cotia have been regrouped into this new facility.

"Oberthur Technologies' strong commitment to Brazil and the tremendous amount of growth we're seeing in Latin America made this expansion necessary; we have invested around $10M to set up these state-of-the-art facilities," said Thomas Savare, CEO of Oberthur Technologies. "Today, we are proud to welcome our customers to inaugurate what I consider a key milestone of our presence in Brazil. Having a facility of this size will allow us to better serve the increasing demands of our current customer base while at the same time to meet the growing needs of new customers by providing enhanced SIM cards and secure payment cards, including the need to quickly convert from standard payment cards to EMV."

The new facility, which is able to produce over 100 million cards a year, also expands Oberthur Technologies' offering of secured identification credentials, including dual-hybrid polycarbonate smart cards that can be used for driver's licenses and I.D. badges for both government and non government entities.

About Oberthur Technologies

With sales of 904.6 million euros in 2009 and 6,160 employees worldwide, Oberthur Technologies is a world leader in the field of secure technologies. Innovation and excellence ensure Oberthur Technologies' strong positioning in its main target markets: security and identification solutions and services based on smart cards; manufacture of traditional and electronic secure identity documents; security printer specialized in the production of banknotes, checks and numerous security documents; design and manufacture of intelligent cash protection solutions for Cash In Transit and ATMs.

For more information: http://www.oberthur.com

SOURCE Oberthur Technologies