MOUNTAIN VIEW, Calif. – March 12, 2009 – Reviewing the outlook for the secure ID market, Robert DeVincenzi, Chief Executive Officer of LaserCard Corporation (NASDAQ:LCRD) discussed organic growth opportunities for the company and gave his perspective on the industry for 2009.

LaserCard has received orders and contractual obligations totaling $24.5 million this calendar year for programs including the US Permanent Resident Card, the Kingdom of Saudi Arabia National ID Card, state vehicle registration authorities in India, the Costa Rica Foreign Resident Card and the Italian Citizen ID and Foreign Resident Cards (http://www.lasercard.com/news).

In addition to orders for optical memory cards for delivery in calendar 2009 totaling $24.5 million, the company has $8.8 million in optical memory card backlog for the Angola program.  This order book of $33.3 million is a record for LaserCard.

“The company’s prospects are bright, with opportunities for organic growth from existing programs and new customers, given the growing worldwide market for highly secure ID cards, our expanded credential portfolio and our Enabling Services capabilities,” said DeVincenzi. “While we expect to see revenue variability in the intermediate term as projects move through implementation stages, we view the current $33 million order pipeline as a very positive indicator for our future.”   

Industry Trends
Outlining his view of the secure ID card industry over the next five years, DeVincenzi said the market is likely to evolve beyond the limits of the present technology biases of various competitors to a more pragmatic, integrated and holistic approach.  “We can expect to see the industry and its customers truly respond to the realities of how identity cards are used in everyday situations, and how major programs are implemented.  I hope that we will see a new focus on industry best practices, expertise in implementation, including layered and better integrated security technologies supported by a complete ecosystem of delivery,” said DeVincenzi.

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 $33.3 million worth of cards per the customers’ 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 customers’ 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