Paragon ID (Euronext Paris - FR0011980077 - PID), the leading provider of identification solutions for Transport, e-ID, Traceability and Brand Protection, has secured a new contract to manufacture Oyster Cards for Transport for London (TfL), the government body responsible for the transport system in Greater London. The contract, worth £2.2 million, will see the business continue to produce the iconic smart cards throughout 2018.
Oyster cards are rechargeable smart cards used to easily pay for journeys on bus, Tube, tram, DLR, London Overground, TfL Rail, River Bus and most National Rail services in London. Millions of journeys are MADE daily1 using the Oyster Card, making it one of the most popular for anyone wishing to access public transport in the capital.
Paragon ID is one of few ITSO certified smart ticketing specialists in the country with manufacturing facilities in the UK and across Europe. The company offers a complete range of solutions (magnetic and contactless tickets, smart cards, secure personalisation services, terminals, mobile applications, etc.) for the public transport sector, guaranteeing security and speed at access control points in hundreds of cities worldwide.
Paragon ID supports transport operators in their gradual migration from traditional paper-based tickets to RFID enabled smart products such as smart tickets, smart cards or Host Card Emulation (HCE) solutions for smartphone-based ticketing.
Julien Zuccarelli, Julien Zuccarelli, Paragon ID CEO, says:
« We are very pleased to continue our relationship with Transport for London and to count them among our growing list of customers in the mass transit sector. Oyster Cards are one of the greatest examples of smart ticketing technology in the world, and through this success, we are reaffirming our leadership position in this sector. »
About Paragon ID
Paragon ID is a leader in identification solutions, in particular in the e-ID, Transport & Smart Cities and Traceability & Brand Protection sectors. Using the latest technologies such as RFID and NFC, Paragon ID provides smart cards, tickets, labels and tags to worldwide clients in diverse markets including public transport, manufacturing, logistics, gaming and retail.
Paragon ID employs more than 600 staff, with manufacturing sites in three continents (US, Europe and Asia), close to its customers.
Paragon ID is a part of Paragon Group, which is a leading provider of Identification and Customer Communications services, and has a total of more than €650 million turnover and close to 5,000 employees. Paragon Group combines generations of experience with the latest innovations in technology and smart data to enable responsive and meaningful interactions between organisations and their customers. For further information about Paragon Group, visit www.paragon-europe.com
Paragon ID is listed on Euronext Paris. Share name: Paragon ID - isin code: FR0011980077 - Mnemonic code: PID.
More information at Paragon-id.com
1 Number of Oyster cards daily used for travel : http://content.tfl.gov.uk/daily-breakdown-of-oyster-card-usage-data.pdf