Assa Abloy completed its acquisition of LaserCard and we became part of HID Global on January 28th.
The early weeks of the integration process are going well. Already there are many intra-company engagements getting started focused on the process of leveraging the opportunities that come from the combination.
The LaserCard team is looking forward to continuing the participation in the worldwide market for government ID as part of a larger, diversified organization. And we know that our customers and partners will be pleased with the ultimate value proposition enhancements that the combined HID Global team can deliver to the market.
LaserCard has a 42 year history of developing differentiated technologies that address market opportunities and needs. Over the past 20 years, we have been focused on applying our technology to address the needs of the Secure Identity marketplace and we are pleased with the trust that our partners and customers have placed in us. We have noted several achievements on our path as we have evolved our company including the development of our unique Identity technology (optical security media), many manufacturing innovations in advanced materials and processes, and a robust portfolio of government ID programs that we are privileged to support. We now have the opportunity to make a more significant impact by leveraging HID's innovation expertise, strong market momentum and global reach since no other company offers a comparable breadth of products, technologies and service capabilities for the government e-identity segment.
These are exciting times for LaserCard and HID Global.