T-Bay Holdings has retained legal counsel to prepare a move to the NASDAQ once the Card Tech International merger has been completed.
Card Tech International is a company engaged
ininnovative mobile handheld devices and aims to revolutionize the
markets of identification, security and monetics using biometric identification
technologies.
PinKey Smart
The smart card evolves and becomes safer
PinKey
Smart integrates a fingerprint sensor within it's 0.76 mm thickness, with
minimum costs and dimensions, it will allow the infallible binomial of payments
and biometrics. More certainty for the user and compatibility with the existing
infrastructure (POS, ATM, smart card readers). With this revolutionary smart card,
flexible and self-powered, logical and physical access will benefit of a
security level unbelievable until yesterday.
Market research points to the SmartCard Market being worth
almost $8b USD by 2018, here is part of that research from Transparency Market
Research (TMR).
A smart card is usually a plastic card which contains a
memory or microprocessor chip embedded in it, which is capable of storing and
transmitting data.
Smart cards market can be classified based on the basis of
the interface into contact smart cards, contactless smart cards, and hybrid
smart cards. Based on its components, there are two types - memory smart cards
and microprocessors. Smart cards have a wide area of application such as in
transportation, telecommunication, for making government IDs, in the financial
sector and in paid TV services. In addition to these, geographically the market
is divided into North America, EMEA, Asia-Pacific, and Rest of the world.
The global smart card market was valued at USD 4.5 billion
in 2011 and is expected to grow at a CAGR of 7.7%. The market is expected to
reach USD 7.9 billion by 2018. The telecommunication sector is the largest
revenue generator for the smart card market, contributing about 50% of the
revenue. Geographically, EMEA is the largest revenue generator for the smart
cards market on account of technology competence and demand for secured
transactions.
Card
Tech International is a company engaged in innovative mobile handheld
devices and aims to revolutionize the markets of identification,
security and monetics using biometric identification technologies.