Monday, April 25, 2011

Iris active, up on Tanzania contract

KUALA LUMPUR: ''IRIS CORPORATION BHD [] shares rose on Monday, April 25 after it secured a US$149.96 million (RM451.61 million) contract from the government of Tanzania to supply 25 million identification cards based on the Smartcard Techonology.

At 9.05am, Iris was up 3.5 sen to 22.5 sen with 19.74 million shares traded.

Iris Corp said the contract was for five years, comprising 36 months for implementation and 24 months for maintenance and support.

The scope of work and deliverables were 25 million smart cards which shall be used as the National ID cards of Tanzania.

No comments:

Post a Comment