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ACS, Hong Kong, 30 Sep 2006 - Advanced Card Systems Ltd. (HKGEM: 8210), Asia Pacific's number one supplier in PC-linked smart card readers industry (Source: research report issued by Frost & Sullivan), today announced that ACS received the prestigious "2006 World Business Development Strategy Leadership" award for PC-linked smart card reader market from Frost and Sullivan for the company's outstanding achievements in the global smart card reader market. Mr. Denny Wong, Chairman & CEO, ACS accepted the award on behalf of the company from the hands of Mr. Kenneth Tan, Director Services Cluster, Singapore Economic Development Board in an award ceremony at the Grand Copthorne Waterfront Hotel in Singapore on 22 Sep 2006.
ACS was one of two dozens of companies from different industries honored overall, and was selected as the sole winner of an award in the smart card reader market. The Frost & Sullivan Award for Business Development Strategy Leadership is presented each year to the company that has demonstrated excellence in business development within the industry. The Award recognizes the company's ability to best perceive consumer needs, develop products and/or services that meet consumer needs, successfully introduce products or services to the industry, and identify new market segments to expand the existing customer base. Through a combination of vision, technology, and successful marketing, the Award recipient has demonstrated superior market growth skills.
To select the recipient of this Award, the Frost and Sullivan analyst team tracks all the major participants in the industry, paying close attention to their business development efforts. This process includes interviews with the market participants, customers, and suppliers, along with extensive secondary and technology research. The companies' business development efforts are then analyzed based on the number of new customers, new segments, and commitment to business expansion. Industry participants are then ranked based on the predetermined measurement criteria. The Award recipient is ranked number one in the industry.
"We are delighted to stand out among global players to receive this award. As a leader in the smart cards & readers industry, ACS has proven that it is adopting the right business penetration strategies for the world market. Its commitment to R&D in order to produce high quality and innovative products has no doubt had an immense impact on the world smart cards and readers market", said Denny Wong, Chairman & CEO of ACS.
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About Frost and Sullivan
Frost & Sullivan, a global business development consulting company with a proud history of providing cutting-edge innovative growth solutions and strategies to some of the worlds leading smart card companies, continues its ongoing success in the Asia Pacific region. With a team of specialized smart card analysts within the region, Frost & Sullivan's Smart Card Division is dedicated to researching and tracking various smart card industry trends and forecasts that directly influence Asia and the South Pacific. Their detailed research and rigorous analysis of the region's smart card movements and relevant events provides business intelligence to some of the largest and most influential companies in the world.
About ACS
Founded in 1995 and now listed in the Hong Kong Stock Exchange, Advanced Card Systems Holdings Limited (ACS) is one of the selected groups of global companies at the forefront of the smart card revolution. ACS develops, manufactures, and distributes a wide range of high quality smart card reading/writing devices, smart cards, and related products to over 80 countries worldwide, facilitating an easier adoption of smart card applications in different industries. Its smart card readers are used in many government and commercial projects in the world including the Belgium National ID card project, the Hong Kong ID card project, the Italy National health card project, the Egyptian government taxation project, the Chinese social security and health card project, the USA Federal Reserve Bank Navy card project, etc. ACS works with strategic alliances in the world to serve the project owners.
Press Release
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