Gemplus
names new President for Asia
Martin McCourt appointed President of Asia to drive forward the opportunities
for smart cards in this region
Luxembourg and Singapore, 7 April 2005, Gemplus International S.A. (Euronext:
LU0121706294 - GEM and NASDAQ: GEMP), the world's leading provider of smart card
based solutions, today announces the appointment of Dr Martin McCourt as
President of Gemplus Asia, reporting to Alex Mandl, President and Chief
Executive Officer. Dr McCourt joins the Gemplus General Management committee and
will be responsible for the whole of Asia, including Asia Pacific, Greater
China, Japan and Korea.
Dr McCourt, 42, has 20 years experience in the Telecom sector, including
several years focused on Asian markets. As Vice President for Corning Cable
System's Project Services business, and over his career, Dr McCourt has held
leadership roles in R&D, Sales and Marketing, Operations, Strategy and
M&A. Dr McCourt will be based in Singapore, where he is re-locating with his
wife and two boys. "It is great to be joining Gemplus. I have learned from
experience that proximity to customers is key, especially in Asia. Having lived
previously in Shanghai, I am looking forward to moving back to the region. With
Asia already consuming half the worldwide volume of smart cards, this is a
strategic region for Gemplus," said Dr McCourt. "With income levels
increasing across the region, there remains huge untapped potential. I am
looking forward to developing the business in markets such as India, where
interest is high but deployment is still relatively low."
Gemplus has maintained a strong presence in the Asian market for 15 years,
which it plans to reinforce with its new regional President, Dr McCourt,
providing secure smart card solutions for the telecommunication, identification
and financial service industries across the diverse regions.
Alex Mandl, President and CEO, Gemplus, said "Asia is a fascinating
market place for us because of the sheer diversity of regions and projects. The
offices in Singapore were the first that we opened outside of France, over 15
years ago, and this foresight has borne fruit. However, the vast differences
that we see throughout the region need a strong and steady hand at the helm. I
welcome Dr McCourt to this challenge."
Dr McCourt has an MBA from INSEAD, a Ph.D in Integrated Optics from the
Institut National Polytechnique in Grenoble and a Bachelor of Electronic
Engineering from University College Dublin.
About Gemplus
Gemplus International S.A. (Euronext: LU0121706294 - GEM and NASDAQ: GEMP) is
the world's leading player in the smart card industry in both revenue and total
shipments (source: Gartner-Dataquest (2004), Frost & Sullivan, Datamonitor).
It has sold over 5 billion smart cards.
With security at its core, and 2400 patents and patent applications produced by
its innovative R&D team, Gemplus delivers a wide range of portable,
personalized solutions in areas including Identity, Mobile Telecommunications,
Public Telephony, Banking, Retail, Transport, Healthcare, WLAN, Pay-TV,
e-government, and access control.
Gemplus' revenue in 2004 was 865 million Euros.
www.gemplus.com
For more information
Janet Loh
Corporate PR Manager
Tel: +65 6317 3746
e-mail:janet.loh@gemplus.com
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not in specific countries, are the property of their respective owners.
Some of the statements contained in this release constitute
forward-looking statements. These statements relate to future events or our
future financial performance and involve known and unknown risks, uncertainties,
and other factors that may cause our or our industry's actual results, levels of
activity, performance or achievements to be materially different from any future
results, levels of activities, performance, or achievements expressed or implied
by such forward-looking statements. Actual events or results may differ
materially. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. Factors that could cause actual
results to differ materially from those estimated by the forward-looking
statements contained in this release include, but are not limited to: trends in
wireless communication and mobile commerce markets; our ability to develop new
technology, and the effects of competing technologies developed and expected
intense competition generally in our main markets; profitability of our
expansion strategy; challenges to or loss of our intellectual property rights;
our ability to establish and maintain strategic relationships in our major
businesses; our ability to develop and take advantage of new software and
services; and the effect of future acquisitions and investments on our share
price. Moreover, neither we nor any other person assumes responsibility for the
accuracy and completeness of such forward-looking statements. The
forward-looking statements contained in this release speak only as of this
release. We are under no duty to update any of the forward-looking statements
after this date to conform such statements to actual results or to reflect the
occurrence of anticipated results.
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