Giesecke & Devrient, the international technology group and the leading provider of contactless smart cards to the transit market, has licensed the Jewel low-cost contactless smart card chip for mass transit ticketing from Innovision Research & Technology plc, the RFID design services specialist.
Jewel is the smallest and lowest-cost chip ever produced for smart card applications, and is already attracting huge interest from the US mass transit sector. With a very small silicon area, the Jewel chip is inexpensive to produce and compatible with international standards – including ISO 14443A, the new UK transport standard ITSO version 2.1 and the Port Authority of New York & New Jersey’s Regional Interoperability Standards (RIS) Limited Use fare card specifications. It enables production and deployment of contactless tickets compatible with existing ticket types in smart card-enabled public transportation systems.
“The Jewel contactless smart card is the first of its kind, and a true solution for transit agencies that want total migration to contactless smart card technology for all their ticketing needs. The Jewel contactless smart card provides a cost effective alternative to transit agencies for use as a single ride ticket or other limited use transit ticketing options,” said Hassan Tavassoli, Director of Industry and Government for Giesecke & Devrient’s North American Card Systems Division. “Our transit customers needed a low-cost contactless solution and we are answering the call.”
“Giesecke & Devrient’s strong position in the North American mass transit market and its decision to license the Jewel technology is a clear sign to the industry that our innovative approach to smart ticketing is the way forward for mass transit operations,” said Marc Borrett, Managing Director of Innovision R&T. “Jewel contactless tickets provide a range of improvements for the mass transit industry – from much more efficient card reading to infinitely better passenger movement management, security and fraud protection. For operators, the increased ticketing functionality is accompanied by cost savings across the board. For travelers, contactless tickets can greatly improve convenience and safety.”
About Giesecke & Devrient
Giesecke & Devrient (G&D) is a technology leader in the supply of smart cards, systems and solutions for telecommunications, electronic payments, transportation, health, ID, and Internet security (PKI). G&D is also a leading provider of banknotes and securities as well as currency processing equipment. The Giesecke & Devrient Group, headquartered in Munich, Germany, operates subsidiaries and joint ventures all over the world. G&D employs over 6,400 people world-wide and generates annual revenues of EUR 1.09 billion. For more information, visit www.gdai.com.
About Innovision Research & Technology plc
Innovision Research & Technology plc is an electronics solutions provider and a major player in Radio Frequency Identification (RFID) Design Services.
Through the creation, development and licensing of technologies, Innovision R&T provides innovative solutions to a wide variety of enterprises, including some of the world’s largest companies. A growing team of more than 50 personnel and commercial expertise honed in the industry’s most challenging sectors enables Innovision R&T to support the entire RFID design process from concept development through to production engineering. Innovision R&T works in close partnership with its customers to drive commercial success and deliver competitive value.
Innovision R&T is listed on the Alternative Investment Market of the London Stock Exchange (Ticker Symbol:INN.L). Its head office is in Wokingham, Berkshire, UK. Its U.S. office is located in Plano, Texas. For more information, visit www.innovision-group.com.