MOUNTAIN VIEW, Calif. – July 22, 2009 – LaserCard Corporation (NASDAQ:LCRD), a leading provider of secure ID solutions, today announced receipt of a purchase order of approximately $1.5 million for the supply of ID cards for Italy’s Foreign Resident Card program.  The order calls for deliveries to be completed during the current fiscal quarter, ending September 30, 2009.
 
“We are pleased to continue working with our partners and the Italian Government to support the ongoing demand for this critical secure ID program,” said Bob DeVincenzi, President and CEO of LaserCard Corporation. “Italy’s continuing investment in secure ID credentials based on optical memory underscores its commitment to protecting its internal security and the security of its borders through the valid identification of citizens, legal foreign residents and entrusted government employees.”
 
Italy’s Foreign Resident Card utilizes LaserCard’s tamperproof and highly counterfeit resistant optical memory technology in combination with other advanced security features, including the company’s Personalized Embedded HologramHD, a critical feature used by inspectors or agents when electronic readers are not available. The digital security of LaserCard’s optical memory has never been compromised.  Italy’s national printer and mint, Istituto Poligrafico e Zecca dello Stato S.p.A. (Poligrafico), and the government’s prime contractor on the project, will add a contact IC chip to enable access to government services prior to personalizing and issuing the cards to authorized non-EU residents.

The purchase order was received from LaserCard’s Rome-based Authorized Value Added Reseller, Laser Memory Card S.p.A.

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 Statement Disclaimer
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 expected schedule for Italy’s Foreign Resident ID card issuance and the expected delivery of the $1.5 million worth of cards per the requested schedule and the implication that additional orders will be received.  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, whether the Italian government continues to purchase products from the Company and whether the Company encounters card production difficulties as well as the risk factors detailed in the Company's Form 10-K and 10-Q filings with the Securities and Exchange Commission under the caption “Risk Factors” and elsewhere in such reports.  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.