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IT | 2010-04-26
ASK and FORMASET to create a Joint Venture in Brazil Newly founded ASK-FORMASET will address the South American market
São Paulo, Brazil, Cards 2010 South America, April 26, 2010: Today ASK and FORMASET are pleased to announce that they have entered into an agreement for creation of a Joint Venture based in Brazil. ASK a world leader in contactless technology, and FORMASET, a key player in the printing of security documents in the telecommunications and lotteries, bring their experience and expertise together to become a major actor in contactless technology and its applications in Brazil. This joint venture will address the transportation and eID market mainly in Brazil.
“With their secure plant and ongoing ISO certification, FORMASET is highly aware of quality and security matters. FORMASET has been created in 1990 and the company’s knowledge of the market is an asset we can rely on. Transit is the main driver of Brazil growing smart card market and ASK could not disregard this huge potential, says Amand Cochet, VP Marketing and Business Line at ASK and member of the board of ASK-FORMASET. ”
FORMASET clients include such key accounts as VIVO, CLARO or Banco do Brasil and the team comprises highly experienced executives who come from the ticketing, smart card and transportation industry.
“ASK is a prominent actor of contactless technology and our newly founded Joint Venture is a great opportunity for FORMASET to offer new services to current and future clients, says Rossano Bertollo, General Manager and member of the board of ASK-FORMASET. The 2014 World Cup and 2016 Summer Olympic Games will no doubt boost the country and innovative transport and multiplication ticketing will be welcome, he adds.”
ASK-FORMASET facilities and manufacturing center locations will be disclosed in a few weeks.
About ASK
ASK, with over 160 million contactless products in circulation in more than 50 countries, is a worldwide leading provider of a full range of contactless products including smart cards, smart tickets, smart adhesive labels, readers, inlays for electronic passports or contactless smart cards and eDocuments. ASK is ISO9001 certified and holds a portfolio of 55 patents to date. ASK is a France-headquartered company with worldwide customers, and subsidiaries in Singapore, China, India, Mexico and the US.
About FORMASET
FORMASET, founded in 1990 started as a printing company for invoices and forms. Today, FORMASET offers a comprehensive range of technological products with magnetic tickets, phone cards, lottery tickets, promotional prints, access control tickets and security documents. The production plant is located in Serra/ES Brazil, with facilities that extend to 5.400 m² compliant with the highest standards of security and quality demanded by the market. Nowadays, FORMASET has customers in South and Central Americas.
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