MOUNTAIN VIEW, Calif. – March 3, 2009 – LaserCard Corporation (NASDAQ:LCRD), a leading provider of secure ID solutions, today announced that it has received a follow-on purchase order to supply about $2.5 million worth of secure optical memory cards for Italian government ID card programs.  The vast majority of the cards ordered are Foreign Resident ID Cards, with the balance being special bi-lingual versions of the national Citizen ID Card.

The purchase order was received from LaserCard’s Rome-based Authorized Value Added Reseller, Laser Memory Card S.p.a., which supplies and supports the government’s prime contractor on the project.  It is expected that shipment of the cards will commence in the March quarter and be completed in the June quarter.

We are pleased to continue working with our partners and the Italian government to supply secure credentials for Italy’s Foreign Resident and Citizen ID Card programs.  Italy’s continued investment in the unequalled counterfeit resistance delivered by optical memory based credentials underscores its commitment to the security of its borders,” said Bob DeVincenzi, President and CEO of LaserCard Corporation.

According to Laser Memory Card, the Italian government is issuing Foreign Resident ID Cards at a rate that will consume the current card order in approximately six months.

About LaserCard Corporation
LaserCard Corporation, together with its subsidiaries, is a leading provider of secure ID solutions to governments and commercial clients worldwide. It develops, manufactures, and integrates LaserCard® optical memory cards, encoders, peripherals, smart and specialty cards, biometrics, and modular software. The company’s cards and systems are used in various applications, including citizen identification, border security, government service delivery and facility access. 

Forward-Looking Statements
All statements contained in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not historical facts or guarantees of future performance or events.  Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict.  As a result, our actual results may differ materially from the statements made.  Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates.  Examples of forward-looking statements in this release include the implication that the Company will deliver the $2.5 million worth of cards per the requested schedule.  This and other forward-looking statements in this press release are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to whether the customer’s scheduled delivery dates are rescheduled or canceled in whole or in part and whether the Company encounters card production difficulties as well as the risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission.  Due to these and other risks, future actual results could differ materially from the Company’s expectations.  These forward-looking statements speak only as to the date of this release, and, except as required by law, the Company undertakes no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise. 

FOR FURTHER INFORMATION:
STEVEN G. LARSON, VP-FINANCE
(650) 969-4428 or
investorrelations@lasercard.com