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Samsung S1 Joins GlobalPlatform

22 September 2006 - Samsung S1 Corporation joins GlobalPlatform, the world leader in smart card infrastructure development and deployment, in its mission to accelerate smart card industry growth through standardization.

Samsung S1 Corporation, an affiliated company of the Samsung Group, is Korea’s largest total security system provider and smart card player, committed to the development of EMV compliant products that meet both Korean and global market requirements.

Driven by 50 cross-industry Member organizations, GlobalPlatform captures and orchestrates the business and technical interests of the international community to ensure a universal approach in the development of state of the art standards for cards, acceptance devices, and systems infrastructure. Joining GlobalPlatform as a Participating Member, Samsung S1 will actively contribute to the development of interoperable standards for single and multi-application smart cards, through involvement in GlobalPlatform’s Technical Committees.

The participation of Samsung S1 strengthens GlobalPlatform’s presence in the Financial and Government markets. Currently, Samsung S1 smart card deployments account for 60 per cent of the financial sector in Korea. A key aim for Samsung S1 is to support the rapid expansion of migration to smart cards in the Asia Pacific region. Their product portfolio currently includes low cost smart cards for financial sector, as well as Java platforms based on GlobalPlatform Specifications.

With an equally strong focus on the dynamic Government sector, Samsung S1 specializes in applications for security and authentication, and has a roadmap in place to develop GlobalPlatform compliant solutions for e-Passport implementations and, eventually, electronic voting systems.

For Samsung S1, Membership in GlobalPlatform will give greater visibility to the company and its marketing and business development efforts, and above all, the opportunity to directly contribute to the world-wide standards for smart card infrastructure.

“Joining GlobalPlatform will allow us to further our business objectives of developing secure, interoperable solutions for both the Government and Financial sectors, and provide an invaluable opportunity to contribute to the development of global standards,” comments Jacky Lee, Overseas Sales Manager at Samsung S1, “What’s more, as a Member of GlobalPlatform we have access to a rich and diverse community of industry partners that will facilitate our future growth and help us realize our ambition of becoming a top 5 global chip player by 2010.”

“We welcome Samsung S1 Corporation as the latest organization to join GlobalPlatform. We are confident that they will bring a great deal of specialized knowledge and expertise to our Technical Committees, and will help us move closer to achieving a standardized future for smart cards,” said Kevin Gillick, Executive Director of GlobalPlatform. “Samsung S1 is a major player in the Korean market, and will further strengthen our presence in a vibrant region where migration to smart cards is rapidly accelerating.”

-ENDS-

For further media information please call Phil Davidson or Ayse Korgav in the GlobalPlatform Secretariat on +1 650 432 2991 or email pdavidso@visa.com/ akorgav@visa.com.

Notes to Editors:

About GlobalPlatform:

Driven by 50 cross-industry member organizations, GlobalPlatform is the leading, international association, focused on establishing and maintaining interoperable specifications for single and multi-application smart cards, acceptance devices and systems infrastructure that deliver benefits to Issuers, service providers and technology suppliers.

These specifications are known as the standard for smart card infrastructure, thanks to their balance of technical superiority and business justification.

GlobalPlatform specifications are available royalty-free and have been adopted in Europe, North America, Asia and Australia by many public and private bodies. Currently, there are over 40 GlobalPlatform-based smart card implementations world-wide, with smart cards and systems infrastructure deployments across industries touching over 1 billion cardholders globally.

GlobalPlatform is an independent, not-for-profit organization and its strategy is defined and prioritized by a Board of Directors. GlobalPlatform is currently chaired by Robert E. Beer, Vice President Business Development, Datacard Group, and vice-chaired by Marc Kekicheff, Vice President Product Technology, Visa International.

www.globalplatform.org

About Samsung S1:

Samsung S1 is an affiliated company of Samsung Group that specializes in smart cards including security solutions. Samsung S1 Corporation is Korea's largest total security system provider, leading the market. It offers total security solutions, smart cards and RFID, etc.

www.s1.co.kr

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