LaserCard Corporation Receives $2.9 Million Follow-on Order for the Kingdom of Saudi...

LaserCard Corporation Receives $2.9 Million Follow-on Order for the Kingdom of Saudi Arabia National ID Card Program

-- Orders for This Program Total $4.7 Million This Quarter --
MOUNTAIN VIEW, Calif.--(Business Wire)--
LaserCard Corporation (NASDAQ:LCRD), a leading provider of secure
ID solutions, today announced a follow-on purchase order valued at
$2.9 million to supply secure identity cards for the Kingdom of Saudi
Arabia's national ID program. This brings the total orders received
for this program to $4.7 million since April 1.

The $2.9 million order calls for the continued supply of optical
smart cards to be issued via approximately 40 issuance offices in
cities throughout Saudi Arabia. Deliveries are expected to be
completed in the September quarter.

Previous announcements regarding this program had referred to the
customer as "a Middle Eastern nation." Since the inception of the
Saudi National ID Card project in 2003 through March 2008, LaserCard
has supplied approximately $16 million of cards, software, hardware
and services for the program.

"We are pleased to see the continuing development of the Saudi
National ID program and are proud that our optical memory technology,
whose digital security has never been compromised, is making a
contribution to the nation's security," said Bernard C. Bailey,
chairman of LaserCard's board of directors. "We look forward to
continuing our close relationship with the Saudi government and our
local business partners in ensuring the further consolidation of this
vital homeland security project."

LaserCard has defined the Middle Eastern region as an area of
strategic focus for the growth of its secure ID solutions business.
The company recently expanded its business activities in Saudi Arabia
through its German subsidiary, Challenge Card Design GmbH, which
signed a previously announced $8.4 million contract with the Golden
Chip Company late last year to deliver a turnkey card manufacturing
facility.

About LaserCard Corporation

LaserCard Corporation is a leading provider of secure ID solutions
to governments and commercial clients around the world, and also
manufactures a wide range of advanced, secure identity documents.
These ID documents include the LaserCard(R) optical memory card and
hybrid cards combining optical memory with contact, contactless and
RFID chip technology. The Company's cards and systems are widely used
in countries around the world, including the United States, Canada,
Italy, India and Saudi Arabia, for demanding applications including
border security, government service provision and facility access.
LaserCard's wholly-owned German subsidiary, Challenge Card Design
Plastikkarten GmbH, manufactures and offers a wide range of high
quality specialty cards, plus card personalization and ID management
solutions under the CCD and Cards & More brands.

Forward-Looking Statements

All statements contained in this press release that are not
historical facts are forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995 and are not historical facts or guarantees of future
performance or events. Rather, they are based on current expectations,
estimates, beliefs, assumptions, and goals and objectives and are
subject to uncertainties that are difficult to predict. As a result,
our actual results may differ materially from the statements made.
Often such statements can be identified by their use of words such as
may, will, intends, plans, believes, anticipates, visualizes, expects,
and estimates. Examples of forward-looking statements in this release
are the expectation that our shipments under the $2.9 million order
will be completed by the end of the September quarter and our
strategic focus for the growth of secure ID solutions business in the
Middle East. This and other forward-looking statements in this press
release are based upon our assumptions about and assessment of the
future, which may or may not prove true, and involve a number of risks
and uncertainties including, but not limited to whether the Saudi
government attempts to delay or cancel deliveries under the current
order; whether political forces put a hold on the Saudi national ID
card program, whether we encounter difficulties in making the cards or
the cards have quality or other issues which cause a delay in their
acceptance, and there being demand in the Middle East region for
secure ID solutions which we are able to fulfill as well as the risk
factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings
with the Securities and Exchange Commission. Due to these and other
risks, future actual results could differ materially from the
Company's expectations. These forward-looking statements speak only as
to the date of this release, and, except as required by law, the
Company undertakes no obligation to publicly release updates or
revisions to these statements whether as a result of new information,
future events, or otherwise.

LaserCard Corporation
Steven G. Larson, 650-969-4428
VP-Finance
or
Edelman
Lisa Hanna, 202-326-1734
Lisa.hanna@edelman.com

Copyright Business Wire 2008