Global securities solutions provider, MIKOH Corporation Limited (ASX Code: MIK), today announced an additional order of US$400,000 for its patented ‘destruct on removal’ RFID headlamp tags through its Electronic Vehicle Registration (EVR) system contract in Thailand. This second order brings total orders to date from the Thailand EVR contract to US$2.15 million.
As previously announced, MIKOH has partnered with two regionally-based Thai companies to deliver this major EVR project, Konlakorn, the lead partner, financial sponsor and holder of the Government ten-year contract, and Somapa Information Technology Company, the system integration partner.
MIKOH CEO Dr. Paul Scully-Power said that this increase is a very positive indicator of the project’s continued ramp-up and the commitment to its success by all parties involved. “The project is the largest EVR roll-out in the region and, as such, is getting a lot of attention from other countries considering adopting electronic vehicle registration” said Dr Scully- Power. “We are delighted with the progress that is being made and with the performance of our regional partners.”
MIKOH is a world-leading provider and innovator of: Custom security system solutions using its end-to-end authentication and tamper detection products and technologies, and Variable data printing products and technologies, including secure printers, unique smart-control software, finished labels and supplies, all designed to identify genuine products.
MIKOH focuses on security solutions for Automatic Vehicle Identification (AVI); secure asset tracking (objects, containers and vehicles); digital marking (seals, labels and markings); and secure network online identification (biometric authentication) thereby enhancing corporate and national security.