Drexler Technology Gets Order for One Million LaseCards
MOUNTAIN VIEW, Calif., March 26 – Drexler Technology Corp. received an order for one million LaserCard optical memory cards under a US government subcontract. The cards are slated for use as US Department of State "Laser Visa" cards for frequent visitors from Mexico and as US Immigration and Naturalization Service Permanent Resident "Green Cards" conferring the right to live and work in the US.
The optical card order is valued at more than $3 million in revenues to Drexler and calls for delivery of the one million cards over seven months, from March through September 2001, at an average rate of 143,000 cards per month. An earlier one million card order, announced January 22, 2001, called for deliveries of 110,000 per month through September 2001. Drexler's combined shipment rate under the two orders averages 253,000 cards per month.
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