Nordic Edge

InCard and Nordic Edge Initiate Swedish National Deployment

Pressmeddelande   •   Sep 15, 2008 09:11 CEST

LOS ANGELES--(BUSINESS WIRE)--Innovative Card Technologies, Inc. (NASDAQ:INVC), developer of the InCard DisplayCardTM for e-banking, e-commerce and secure data access, and Nordic Edge, a leading European identity and access management provider, will deploy InCard DisplayCards to Swedish civic employees for data access authentication. The one-time passcode authentication devices will initially be deployed to city managers and specialists in the city of Linköping to authenticate access to sensitive information stored in city databases.

The InCard DisplayCards, supplied and implemented by leading identity and access management solutions distributor Nordic Edge, will be deployed as a hardware authenticator for the city of Linköping's Nordic Edge One Time Password Server, which safeguards a Citrix Access Gateway information access system. In the Linköping application, the user will enter a one-time passcode displayed on the card's screen into the database login interface to access electronic data when working from home or while traveling.

"The City provides remote access as a service to its employees so that they may work from home or other locations. At the current time this is primarily aimed at managers and specialists. We are consolidating our solutions to an integrated solution and will provide this service to about 500 employees," said Michael Lööw, R&D Manager, LKDATA, the city of Linköping's IT unit. "We look forward to expanding into more employee categories for remote access. Employees within the school system, for example, who do some of their work from home are a potential group."

The InCard DisplayCard integrates the security of a one-time passcode (OTP) token directly into a card the size of a standard credit or debit card. At the push of a button on the card, a one-time passcode is shown on its integrated display. During an online transaction, this number is entered into a user interface with other information such as the user's login name and static PIN for multifactor authentication. The InCard DisplayCard is the most advanced product of its kind, having achieved Underwriter's Laboratory (UL) certification for safe consumer distribution. A complete list of the InCard DisplayCard's certifications can be found at www.incard.com/certifications.html.

"Nordic Edge, true to their position as a leader in European identity and access management, has recognized the InCard DisplayCard as the world's preeminent form factor for a one-time passcode generator," said Steven R. Delcarson, CEO and President of Innovative Card Technologies. "We expect other security solutions providers to follow Nordic Edge's lead in realizing the capabilities of the ultra-portable, easy-to-use InCard DisplayCard in securing electronic data access for government organizations."


About Nordic Edge

Nordic Edge is one of Europe's leading Identity and Access Management solution providers, with more than 2 million identities administered by Nordic Edge products. The company was established in 2002 and has since delivered solutions to over one hundred large companies and organizations, including the Swedish Social Insurance Office, SAAB, Ericsson, the City of Stockholm, EniAgip (Italy) and the Swiss Government.


About Innovative Card Technologies

Innovative Card Technologies, Inc. (NASDAQ:INVC) was founded in 1993 to add functions to payment cards. The company's suite of InCard DisplayCards enable dual-factor authentication in a convenient card form. The cards can be configured to offer RFID physical access or payment capabilities, and feature a screen powered by an integrated battery, circuit, and switch. This screen displays a one-time password to verify the presence of the card during online and voice transactions or data systems login. www.incard.com.

This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements included in this document are based upon information available to InCard as of the date hereof, and InCard has not assumed any duty to update these forward-looking statements to reflect events or circumstances after the date of this document. A discussion of various factors that could cause InCard's actual results to differ materially from those expressed in such forward-looking statements is included in InCard's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-KSB, dated April 1, 2008.

Innovative Card Technologies, Inc.
Stephanie Edwards
Marketing Manager
310-404-3764
sedwards@incard.com

Jose Castaneda
Investor Relations
720-733-0052
ir@incard.com