IRIS Corporation, an MSC-status technology innovator and leading provider of Trusted Identification (ID) products and solutions announced today that it has successfully inked a contract addendum worth US$39.70 million or approximately RM167.61 million from Tanzania’s National Identification Authority (“NIDA”).
The contract addendum signed between IRIS and NIDA entails the delivery of Tanzania e Identification (“eID”) cards and services for a period of 18 months, which is expected to provide IRIS with earnings visibility over the contract delivery period.
“I am very delighted with the contract to continue our services of delivering reliable and secure national eID cards and services for the Tanzanian citizens. IRIS was first awarded with a contract by NIDA to supply Tanzanian national eID cards and services in April 2011. Essentially, this addendum reflects highly on IRIS’ capabilities within the global Trusted Identification industry and is a testament of confidence from international governments towards our expertise. Moving forward, we will continue to make a conscious effort to grow our business both locally and internationally while working towards delivering on our existing projects at hand. These projects will drive our continued growth as we continue to pursue new opportunities in our targeted regions to help IRIS maximize shareholders’ value,” said Shaiful Subhan, the Group Chief Executive Officer of IRIS.