KUALA LUMPUR: IRIS CORPORATION BHD [] has landed a US$149.96 million (RM451.61 million) contract from the government of Tanzania to supply 25 million identification cards based on the Smartcard TECHNOLOGY [].
In a statement Friday, April 22, Iris Corp said the contract was a period of five years, comprising 36 months for implementation and 24 months for maintenance and support.
It said the scope of work and deliverables were 25 million smart cards which shall be used as the National ID cards of Tanzania ; data centre and disaster recovery site, along with required hardware, software including Automated Fingerprint Identification System (AFIS) and services;National ID registry system and database including associated hardware, software, and services for the roll-out of the enrolment system to 142 sites in Tanzania and a personalization system at a centralized site in Tanzania; and the necessary post-implementation maintenance and support services including spare parts supply.
Iris Corp said it was to provide a performance security for the due performance of the Contract for the value of 20% of the contract price.
'Twenty per cent of the performance security shall be returned to Iris Corp upon successful implementation of pilot trial and issuance of 150,000 cards under the contract
'The remaining 80% of the performance security shall be returned to Iris Corp as follows: 30% after operational acceptance of the full National ID system and 50% after pre-commissioning test of the system as stated in the contract,' it said.
Iris Corp said the project would be financed by internally generated funds and bank borrowings.
The company said the contract would contribute positively to its future earnings.
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In a statement Friday, April 22, Iris Corp said the contract was a period of five years, comprising 36 months for implementation and 24 months for maintenance and support.
It said the scope of work and deliverables were 25 million smart cards which shall be used as the National ID cards of Tanzania ; data centre and disaster recovery site, along with required hardware, software including Automated Fingerprint Identification System (AFIS) and services;National ID registry system and database including associated hardware, software, and services for the roll-out of the enrolment system to 142 sites in Tanzania and a personalization system at a centralized site in Tanzania; and the necessary post-implementation maintenance and support services including spare parts supply.
Iris Corp said it was to provide a performance security for the due performance of the Contract for the value of 20% of the contract price.
'Twenty per cent of the performance security shall be returned to Iris Corp upon successful implementation of pilot trial and issuance of 150,000 cards under the contract
'The remaining 80% of the performance security shall be returned to Iris Corp as follows: 30% after operational acceptance of the full National ID system and 50% after pre-commissioning test of the system as stated in the contract,' it said.
Iris Corp said the project would be financed by internally generated funds and bank borrowings.
The company said the contract would contribute positively to its future earnings.
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