Business
TBYH-Card Tech International Merger in Final Stages
TBYH-Card Tech International Merger in Final Stages.
About this update from Tocca Life Holdings, Inc.
[{"type":"text","content":"TBYH is pleased to announce that the merger with Card Tech International has reached the final stages.Card Tech International is a leading developer of Smart Card technology.Market research points to the SmartCard Market being worth\nalmost $8b USD by 2018, here is part of that research from Transparency Market\nResearch (TMR).\n\nA smart card is usually a plastic card which contains a\nmemory or microprocessor chip embedded in it, which is capable of storing and\ntransmitting data.\n\nSmart cards market can be classified based on the basis of\nthe interface into contact smart cards, contactless smart cards, and hybrid\nsmart cards. Based on its components, there are two types - memory smart cards\nand microprocessors. Smart cards have a wide area of application such as in\ntransportation, telecommunication, for making government IDs, in the financial\nsector and in paid TV services. In addition to these, geographically the market\nis divided into North America, EMEA, Asia-Pacific, and Rest of the world.\n\nThe global smart card market was valued at USD 4.5 billion\nin 2011 and is expected to grow at a CAGR of 7.7%. The market is expected to\nreach USD 7.9 billion by 2018. The telecommunication sector is the largest\nrevenue generator for the smart card market, contributing about 50% of the\nrevenue. Geographically, EMEA is the largest revenue generator for the smart\ncards market on account of technology competence and demand for secured\ntransactions.Card\n Tech International is a company engaged in innovative mobile handheld \ndevices and aims to revolutionize the markets of identification, \nsecurity and monetics using biometric identification technologies. ","length":1943,"tagName":"div"}]