Analysts predict that there will be one billion Smart cards in use in North America by 2005 and over 20 billion in circulation worldwide. This GSA contract represents the first significant use of Smart card technology that the Federal government has adopted and implemented using a large scale Smart card application. It is expected that State and local governments will soon follow with the application of Smart card technology as an electronic solution for managing driver's license registration, voter registration, tracking of government entitlements and the recording of medical benefits such as Medicare and Medicaid. Inc. Leapfrog Smart Products, Inc. is a world class leader in Smart card software development, biometrics and system solution integration. Located in Maitland, Florida, Leapfrog is dedicated to creating wide sweeping applications for Smart cards.
Smart cards are credit card-sized pieces of plastic with a computer microprocessor embedded within.
Current applications of Smart card software include personal identification, e-purse transactions, loyalty point storage, physical and logical access, as well as portable storage of medical records. For more information, review the company's filings with the Securities and Exchange Commission.