LaserCard Receives Follow-on Orders of Approximately $4.4 Million for North American Optical Memory Card Government ID Programs

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--LaserCard Corporation (NASDAQ:LCRD), a leading provider of secure ID solutions, today announced receipt of two purchase orders worth approximately $4.4 million for the continued supply of optical memory cards used in two major North American secure government ID programs.

The first order calls for the delivery of $3.2 million worth of optical memory cards to be delivered in the current fiscal quarter ending September 30, 2008. The second, for approximately $1.2 million worth of optical memory cards, calls for deliveries during the period from September through December 2008.

“We are pleased to continue our support of two high profile homeland security programs in the North American continent,” said Bob DeVincenzi, President and CEO of LaserCard Corporation. “Both are a testament to the fact that the digital security of LaserCard’s optical memory technology has never been compromised.”

LaserCard has supplied more than $110 million in optical memory cards and secure card encoders for these two programs since their inception.

About LaserCard Corporation

LaserCard Corporation, together with its subsidiaries, is a leading provider of secure ID solutions to governments and commercial clients worldwide. It develops, manufactures, and integrates LaserCard® optical memory cards, encoders, peripherals, smart and specialty cards, biometrics, and modular software. The company’s cards and systems are used in various applications, including citizen identification, border security, government service delivery and facility access.

For further information, please visit www.lasercard.com.

Forward-Looking Statements

All statements contained in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not historical facts or guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Examples of forward-looking statements in this release include the implication that the Company will deliver the $4.4 million worth of cards per the requested schedule. This and other forward-looking statements in this press release are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to whether the customers’ scheduled delivery dates are rescheduled or canceled in whole or in part and whether the Company encounters card production difficulties as well as the risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, future actual results could differ materially from the Company’s expectations. These forward-looking statements speak only as to the date of this release, and, except as required by law, the Company undertakes no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise.