Sophia-Antipolis, March 23, 2012: ASK, a worldwide leader in contactless technology, today announced the closing of a € 4.7 million (US$ 6.1 million) financing round. The round was led by European venture firm CDC Innovation, an existing investor, alongside new investors.
With a global 25% market share in the mass transit sector for contactless cards, ASK keeps expanding in the secure documents sector with biometric passports, eID cards or electronic driver license. "These funds will help ASK benefit from the fast-growing market of digital security in contactless technology and will strengthen ASK worldwide presence," says Mr. Philippe Geyres, ASK Chairman of the Board.
ASK, with over 250 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, readers, inlays for electronic passports or contactless smart cards and eDocuments. ASK is a France-headquartered company with worldwide customers in the mass transit, access control and identity sectors. ASK manufacturing sites and subsidiaries are based in France, China, India, Mexico, Brazil, South Africa and the US.
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